Small Business Lending
Seedco Financial provides financing and business services to small businesses that cannot access affordable financing through traditional sources.
We offer these financing and business services across a wide range of industries and business types. The Small Business Loan Fund seeks to support businesses in underserved communities as well as businesses owned by underrepresented or disadvantaged groups such as women and minorities.
Our small business borrowers have used loans in many ways to help sustain and expand their businesses. Just a few examples include applying the funding for working capital, inventory and equipment, or improving leased or owned space.
For more detailed information on our Small Business Loan Fund, please click on that link under each of the regions in our Markets section: Alabama, New York, and Louisiana.
Eligibility and Product Terms
Operating History |
At least one year of operations |
|---|---|
Historical Revenue/Budget |
At least $200,000 in revenue in prior year |
Community/Economic Development Impact |
Located in low- or moderate‐income and/or underserved communities, and/or Majority-owned by women, members of racial/ethnic minorities, or other disadvantaged groups**, and/or Employ majority of workers from low- or moderate‐income communities |
Other Requirements |
100 or fewer employees |
Loan Type |
Term loans (lines of credit on a case-by‐case basis) |
Eligible Uses |
Equipment financing, inventory financing, leasehold improvements, working capital |
Loan Size |
$50,000–$750,000 |
Loan Term |
6–60 months |
Interest Rate |
8–10% |
Application Fee |
$250 |
Closing Fee |
3% of loan amount |
Standard Collateral Requirements |
UCC‐1 filing on business assets |
Guaranty |
Personal guaranty required from all principals owning 20% or more |
** As defined by the U.S. Small Business Administration
Ready to apply?
If you are interested in applying for a loan of $50,000 to $250,000, please download our Small Business Loan Application (Alabama, Louisiana, New York) and follow the instructions on the cover page.
Questions? Not sure if you qualify? Please complete our Loan Inquiry Form or contact us at: SFSInfo@seedco.org or call us toll-free at: 877.296.8878.
