In this time of great uncertainty, what is truly important becomes clear.
South Eastern Economic Development (SEED) Corporation is confirming commitment to our Mission of promoting economic development in our local region and improving the quality of life of all residents of the Commonwealth of Massachusetts and Rhode Island. SEED promotes economic growth by creating new and retaining existing jobs to ensure Main Street businesses are able to recover and rebuild from economic hardship.
SEED is an equal opportunity employer, lender and business assistance provider to all entrepreneurs with their start-up, small and micro businesses in the region. SEED rejects all forms of prejudice and discrimination, including those based on age, color, diverse abilities, gender, gender identity or expression, national origin, political affiliation, race, religion, sexual orientation, and veteran status. We take individual and collective responsibility for helping to eliminate bias and discrimination and or increasing our own understanding of these issues through education, training, and interaction with others.
SEED pledges our collective commitment to ensuring just and equitable access to financing for all small business owners.
The SBA 504 Program provides long term, low fixed interest rate, 90 percent financing to small businesses purchasing real estate or machinery and equipment. Projects can range from $300,000 to $13.75 million. Most small businesses are eligible… read more
Small Loan Program
Under the Small Loan Program, SEED provides loans up to $250,000 which can be used in conjunction with bank financing. The SEED portion of the project is generally 35 percent or less, although in cases where there is a larger financing gap, SEED’s… read more
Micro Loan Program
SEED is an Intermediary Lender under SBA’s Micro Loan Program. SEED has access to $5 million in loan funds to assist micro businesses. These loan funds are provided by the SBA, the CDFI Fund, the Commonwealth of Massachusetts and the… read more
As an extension to the Micro Loan Program, SEED provides small business assistance to start-up businesses and those in the first phase of development. With financing from the U.S. Small Business Administration (SBA), the Commonwealth of Massachusetts, Rhode Island Commerce Corporation, and the Rockland Trust Community Development, LLC, SEED conducts… read more
Workshops: In light of COVID-19, all SEED workshops will be postponed until further notice