South Eastern Economic Development
- Company typePrivate
- Founded1982
- HeadquartersTaunton, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
South Eastern Economic Development firmographics
Firmographics- Name
- South Eastern Economic Development
- Legal name
- South Eastern Economic Development Corporation
- Website
- https://seedcorp.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
South Eastern Economic Development industry classification
Industry- Product category
- Small Business Lending
- NAICS
- Grantmaking Foundations (813211), Grantmaking and Giving Services (81321)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
- akta.pro secondary industries
- SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI), Development Finance, Guarantees & Blended Finance Programs (BPADABAM)
Keywords
Where South Eastern Economic Development is headquartered
LocationHeadquarters
- HQ city
- Taunton
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
South Eastern Economic Development business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- SBA 504 Loan Interest Income: SEED generates revenue from interest on SBA 504 loans, where it provides up to 40% of the loan amount at below-market fixed rates for 20 or 25 years. SEED's portion of the loan is financed through SBA-issued debentures, with SEED earning interest on its 40% loan participation.
- Micro and Small Loan Interest Income: SEED earns interest income on direct micro loans (up to $50,000) and small loans (up to $350,000) at fixed rates of 6-7%, with terms up to 7 years for micro loans and up to 10 years for small loans. These loans are made to startups and existing businesses not able to obtain conventional financing.
- Fast Track Loan Interest Income: SEED generates interest income on Fast Track Loans up to $25,000 at a fixed 7% rate with terms up to 7 years. These loans offer quicker approval and closing timelines compared to standard micro/small loans.
- SSBCI Loan Program Revenue: SEED was awarded $4.5 million from RI Commerce Corporation under the State Small Business Credit Initiative to on-lend to eligible RI small businesses at below-market rates with terms of 10, 20, and 25 years. SEED's maximum SSBCI loan is $500,000.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | SBA 504 Real Estate Loans — 25-year fixed and 20-year fixed |
| Subscription | Monthly | SBA 504 Equipment Loans — 10-year fixed |
| Subscription | Monthly | SBA 504 Debt Refinance — 25-year and 20-year fixed |
| Subscription | Monthly | Micro and Small Loans |
| Subscription | Monthly | Fast Track Loans |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
South Eastern Economic Development product offering
Product offeringCore offering
SEED Corporation is a nonprofit Certified Development Company (CDC) and SBA-approved lender that provides SBA 504 loans (up to $5.5 million), micro loans (up to $50,000), small loans (up to $350,000), and Fast Track loans (up to $25,000) to small businesses in Massachusetts and Rhode Island that cannot obtain conventional financing. It supplements its lending with free business technical assistance, workshops, and bank-partner co-financing arrangements.
Product overview
South Eastern Economic Development (SEED) Corporation is a nonprofit economic development organization offering a suite of small business financing products. The core offerings include SBA 504 Loans for commercial real estate and equipment (up to $5.5 million), Micro Loans (up to $50,000), Small Loans (up to $350,000), and Fast Track Loans (up to $25,000). These lending products are complemented by the Business Assistance Program, which provides free technical assistance, workshops, and business planning resources. SEED operates as a Certified Development Company (CDC) under the SBA 504 Program and serves small businesses in Massachusetts and Rhode Island.
Differentiator
Problem solved
Functional benefit
Products and services
- SBA 504 Loans Long-term commercial real estate and capital equipment financing for SBA 504-eligible for-profit small businesses, structured as a 50/40/10 partnership between a bank, SEED (CDC), and the borrower.
- Micro Loans Direct loans up to $50,000 at 6-7% fixed rates for startup and existing businesses in Massachusetts and Rhode Island that cannot obtain conventional financing.
- Small Loans Direct loans up to $350,000 at 6-7% fixed rates with terms up to 10 years for working capital, leasehold improvements, inventory, business acquisitions, real estate, FF&E, and refinancing.
- Fast Track Loans Expedited micro loans up to $25,000 at 7% fixed with terms up to 7 years, designed for faster approval and closing timelines than standard micro loans.
- SSBCI Loan Program Loans up to $500,000 funded under the State Small Business Credit Initiative (SSBCI) for eligible Rhode Island small businesses headquartered in RI with fewer than 750 employees, structured with matching traditional bank or credit union financing.
Quantifiable outcome
- $436 million in loans over 40 years, creating 14,300+ jobs and leveraging $878 million in private investment.
- +3 more outcomes
Companies that use South Eastern Economic Development
Customer profileNamed customers29 records
Segments4 records
South Eastern Economic Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
South Eastern Economic Development partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor and core.
- NADCO (National Association of Development Companies) VetLoan AdvantageminorSEED is a participating lender in NADCO's VetLoan Advantage program through the SBA 504 Program, designed to connect veteran entrepreneurs with SBA 504 financing for starting or expanding their small businesses.
- Center for Women & Enterprise (CWE)coreSEED participates in CWE's Spanish-speaking micro lender panels and workshops, delivering information on business lending practices to Spanish-speaking entrepreneurs. CWE is a resource partner connecting SEED with women-owned and minority-owned small businesses.
- SCORE (MA and RI Chapters)coreSCORE is a key resource partner referenced on SEED's website and in its programs. SEED works with SCORE to provide workshop content and refer prospective borrowers to SCORE's mentorship services. SCORE RI is represented on SEED's Board of Directors.
- Massachusetts Small Business Development Center (MA SBDC)coreMA SBDC is a resource partner that provides business development support to small businesses and refers clients to SEED for financing.
- Rhode Island Small Business Development Center (RI SBDC)coreRI SBDC is a resource partner that provides business development support and refers clients to SEED for financing. Diane Fournaris from RI SBDC serves on SEED's Board of Directors.
- Veterans Business Outreach Centers (VBOC)minorVBOC is a resource partner providing business assistance to veteran entrepreneurs. SEED is a participating lender in NADCO's VetLoan Advantage program through the SBA 504 Program, connecting veteran small business owners with SEED's financing.
- Southeastern Regional Planning & Economic Development District (SRPEDD)coreSRPEDD is a regional planning organization that facilitated the $3 million EDA ARPA grant to SEED by bringing together public and private sectors to create an economic development roadmap for the region.
- Massachusetts Association of Community Development Corporations (MACDC)minorMACDC is a resource partner listed on SEED's website, connecting SEED with community development organizations across Massachusetts.
- Dorchester Bay Economic Development CorporationminorDorchester Bay EDC is a resource partner listed on SEED's website, connecting SEED with community development organizations in the Greater Boston area.
- Massachusetts Office of Business Development (MOBD)minorMOBD is a state resource partner listed on SEED's website, providing business development resources to Massachusetts small businesses.
Scale indicators17 records
Recent moves6 records
Expansion highlights7 records
South Eastern Economic Development competitors and assessment
Company assessmentRegional players
- Coastal1 Credit Union: RI-based credit union (formerly Pawtucket Credit Union) that participates in SEED's lending ecosystem as both a bank partner and a former employer of SEED VP Tamarah Bacon. Directly comparable as a regional community-focused small business lender operating in the same RI/SE MA geography.
Direct peers
- Massachusetts Growth Capital Corporation (MGCC): Massachusetts state economic development lender that has awarded SEED $1.59M in cumulative grants and is one of SEED's primary funders. Directly comparable as a public-purpose small business lender offering loans and grants to underserved MA businesses.
- Bristol County Savings Bank: MA-based community bank that co-finances SBA 504 loans with SEED. Comparable as a community-oriented regional bank offering SBA 504 participation and small business lending in the same southeastern MA footprint.
- Accion: National nonprofit CDFI providing microloans and small business financing to underserved entrepreneurs. Directly comparable to SEED as a mission-driven micro/small loan provider with similar underwriting flexibility and below-market pricing.
- Grameen America: National nonprofit microlender serving low-income entrepreneurs, primarily women in immigrant communities. Directly comparable to SEED's microloan program in target population, loan size, and mission-driven model.
- Kiva: International nonprofit crowdfunding microlender providing 0% interest loans to underserved entrepreneurs. Comparable to SEED in serving capital-constrained small business borrowers, though Kiva operates a unique crowd-funded model.
- Justine PETERSEN Housing and Reinvestment Corporation: St. Louis-based nonprofit CDFI providing microloans and small business financing to underserved entrepreneurs. Comparable to SEED as a regionally focused CDFI lender with similar product mix and mission-driven underwriting.
- Dorchester Bay Economic Development Corporation: Greater Boston-based nonprofit community development corporation listed as a SEED resource partner. Comparable as a Massachusetts-based nonprofit providing small business financing and technical assistance to underserved entrepreneurs.
- LiftFund: Texas-headquartered national nonprofit CDFI providing microloans and small business financing to underserved entrepreneurs across multiple states. Comparable to SEED in product set, target borrower, and mission-driven small dollar lending.
Emerging players
- Massachusetts Association of Community Development Corporations (MACDC): Statewide membership association of MA community development corporations, listed as a SEED resource partner. Comparable as a coordinating body for community development lenders operating in MA with overlapping member networks.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
South Eastern Economic Development social profiles
Digital presenceSouth Eastern Economic Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
South Eastern Economic Development leadership team
Management profileNumber of profiles
South Eastern Economic Development funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
South Eastern Economic Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about South Eastern Economic Development
What does South Eastern Economic Development do?
SEED Corporation is a nonprofit Certified Development Company (CDC) and SBA-approved lender that provides SBA 504 loans (up to $5.5 million), micro loans (up to $50,000), small loans (up to $350,000), and Fast Track loans (up to $25,000) to small businesses in Massachusetts and Rhode Island that cannot obtain conventional financing. It supplements its lending with free business technical assistance, workshops, and bank-partner co-financing arrangements.
Is South Eastern Economic Development a public or private company?
South Eastern Economic Development is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was South Eastern Economic Development founded?
South Eastern Economic Development was founded in 1982. It employs 11 to 50 people.
Where is South Eastern Economic Development based?
South Eastern Economic Development is headquartered in Taunton, United States, in the North America region.
How does South Eastern Economic Development make money?
Four revenue lines are on record. SBA 504 Loan Interest Income is the primary driver. The others are micro and Small Loan Interest Income, fast Track Loan Interest Income and SSBCI Loan Program Revenue.
Who are South Eastern Economic Development's main competitors?
Coastal1 Credit Union is listed as a regional player. Direct peers are Massachusetts Growth Capital Corporation (MGCC), Bristol County Savings Bank, Accion, Grameen America, Kiva, Justine PETERSEN Housing and Reinvestment Corporation, Dorchester Bay Economic Development Corporation and LiftFund. Massachusetts Association of Community Development Corporations (MACDC) is listed as an emerging player.
Does South Eastern Economic Development have an API?
No public API is recorded for South Eastern Economic Development.
What industry is South Eastern Economic Development in?
South Eastern Economic Development's product category is Small Business Lending. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans, with a secondary code of FSAEAEAI, SBA/USDA Government-Backed Loan Intermediation. Its NAICS code is 813211 and its SIC code is 6111.