Addesso had turned to Peoples Security Bank to refinance their loans on two properties before a substantial balloon payment loomed at the end of 2026 on a conventional loan. Refinancing was not new to them. (This almost 30-year-old business had done so on prior occasions.) But time was ticking to refinance the high-risk balloon payment into much more manageable monthly payments.

Working with Seedcopa to facilitate an SBA 504 loan at a lower fixed interest rate, both properties are now refinanced – including paying off a high-interest business line of credit (LOC).

Now a loan structure that weighed down on the business — even more than the natural stone and quartz surfaces they work with — is a thing of the past. The family-owned business can focus on profits, instead of payments, with recent projects like Penthouses in Soho, Michelin Star Restaurants in NYC and homes of several professional athletes in the Philadelphia area.

You can see success with your own eyes at Addesso Marble & Granite World’s showroom and warehouse facility at 252 East Main Street in Norristown, as well as its fabrication facility on West Penn Street. They employ more than 45 people on projects including bathrooms, bar tops, custom floors, custom fabricated pieces, fireplaces, kitchen counters/sinks, outdoor pavers and commercial projects.

Photos courtesy Addesso Marble & Granite World

March 2026

Stone Fabrication Company
Norristown, Montgomery County, PA
Total Project Amount: $2,430,000
SBA 504 Loan Amount: $555,000
Used to: Refinance commercial real estate
Lending Partner: Peoples Security Bank

Stone Fabrication Company
Norristown, Montgomery County, PA
Total Project Amount: $1,950,000
SBA 504 Loan Amount: $601,000
Used to: Refinance commercial real estate
Lending Partner: Peoples Security Bank

Hotel
Denver, Lancaster County, PA
Total Project Amount: $6,482,581
SBA 504 Loan Amount: $1,059,000
Used to: Purchase commercial property
Lending Partner: ServBank

February 2026

Crane Rental Company
Allentown, Lehigh County, PA
Total Project Amount: $2,846,000
SBA 504 Loan Amount: $1,170,000
Used to: Purchase commercial property
Lending Partner: Fulton Bank

Childcare Facility
Harrisburg, Dauphin County, PA
Total Project Amount: $4,632,000
SBA 504 Loan Amount: $1,900,000
Used to: Purchase commercial property
Lending Partner: Link Bank

Gym/Fitness Center
Downingtown, Chester County, PA
Total Project Amount: $1,542,000
SBA 504 Loan Amount: $637,000
Used to: Purchase commercial property
Lending Partner: First Resource Bank

January 2026

Hotel
Huntingdon, Huntingdon County, PA
Total Project Amount: $5,721,800
SBA 504 Loan Amount: $2,053,000
Used to: Purchase commercial property
Lending Partner: Kish Bank

Hotel
Duncansville, Blair County, PA
Total Project Amount: $5,520,400
SBA 504 Loan Amount: $1,981,000
Used to: Purchase commercial property
Lending Partner: Kish Bank

Hotel
Altoona, Blair County, PA
Total Project Amount: $3,886,000
SBA 504 Loan Amount: $1,198,000
Used to: Purchase commercial property
Lending Partner: Kish Bank

Restaurant/bar/brewery
Kutztown, Berks County, PA
Total Project Amount: $3,912,000
SBA 504 Loan Amount: $1,606,000
Used to: Purchase commercial property
Lending Partner: Discovery FCU

December 2025

Specialty Equipment Manufacturer
Stoneboro, Mercer County, PA
Total Project Amount: $1,100,000
SBA 504 Loan Amount: $400,000
Used to: Purchase commercial property
Lending Partner: Choice One

Auto Repair Facility
Kennett Square, Chester County, PA
Total Project Amount: $812,000
SBA 504 Loan Amount: $338,000
Used to: Purchase building/renovate commercial property
Lending Partner: Univest

October 2025

Full-Service Restaurant & Brewery
Exton, Chester County, PA
Total Project Amount: $2,750,000
SBA 504 Loan Amount: $1,131,000
Used to: Refinance commercial real estate & equipment
Lending Partner: First Resource Bank

September 2025

Insurance Agency
Hershey, Dauphin County, PA
Total Project Amount: $975,000
SBA 504 Loan Amount: $405,000
Used to: Purchase commercial property
Lending Partner: Orrstown Bank

August 2025

Two Loans for Waterfront Product Engineer & Manufacturer
Fleetwood, Berks County, PA
Total Project Amount: $1,216,000
SBA 504 Loan Amount: $504,000
Used to: Purchase commercial property
Lending Partner: Fulton Bank

Total Project Amount: $828,000
SBA 504 Loan Amount: $345,000
Used to: Purchase commercial property
Lending Partner: Fulton Bank

Full-Service Restaurant
Wycombe, Bucks County, PA
Total Project Amount: $1,540,000
SBA 504 Loan Amount: $636,000
Used to: Purchase commercial property
Lending Partner: M&T Bank

Smoothie & Acai Bowl Shop
West Chester, Chester County, PA
Total Project Amount: $1,764,000
SBA 504 Loan Amount: $728,000
Used to: Purchase/renovate building to expand to additional facility
Lending Partner: Grasshopper Bank

June 2025

Two Loans for Boutique Hotel
Philadelphia, PA
Total Project Amount: $1,822,000
SBA 504 Loan Amount: $658,000
Used to: Purchase commercial real estate with change of ownership
Lending Partner: WSFS

Total Project Amount: $1,806,000
SBA 504 Loan Amount: $653,000
Used to: Purchase commercial real estate with change of ownership
Lending Partner: WSFS

Restaurant & Ice Cream Shop/Mini Golf
Temple, Berks County, PA
Total Project Amount: $1,842,000
SBA 504 Loan Amount: $666,000
Used to: Purchase commercial real estate with change of ownership
Lending Partner: Tompkins Community Bank

May 2025

Coffee Shop and Cafe
Camp Hill, Cumberland County, PA
Total Project Amount: $2,236,000
SBA 504 Loan Amount: $921,000
Used to: Purchase commercial property
Lending Partner: Orrstown Bank

April 2025

Winery & Cider House
Downingtown, Chester County, PA
Total Project Amount: $850,000
SBA 504 Loan Amount: $351,000
Used to: Purchase/renovate building & relocate facility
Lending Partner: Mid Penn Bank

Bed & Breakfast
Wernersville, Berks County, PA
Total Project Amount: $1,700,000
SBA 504 Loan Amount: $613,000
Used to: Refinance with expansion
Lending Partner: WSFS

Law Firm
Yardley, Bucks County, PA
Total Project Amount: $964,000
SBA 504 Loan Amount: $401,000
Used to: Purchase/renovate building & relocate facility
Lending Partner: WSFS

Birthing Center
Reading, Berks County, PA
Total Project Amount: $466,000
SBA 504 Loan Amount: $195,000
Used to: Purchase commercial property
Lending Partner: Customers Bank

March 2025

Concrete & Demolition Services
Havertown, Delaware County, PA
Total Project Amount: $2,155,000
SBA 504 Loan Amount: $888,000
Used to: Purchase commercial property
Lending Partner: Fulton Bank

Storage Facilities Company
Greencastle, Franklin County, PA
Total Project Amount: $7,000,000
SBA 504 Loan Amount: $2,880,000
Used to: Refinance with expansion
Lending Partner: ACNB Bank

HVAC Services
Exton, Chester County, PA
Total Project Amount: $4,378,400
SBA 504 Loan Amount: $1,796,000
Used to: Purchase commercial property
Lending Partner: Meridian Bank

February 2025

Architect
Wyomissing, Berks County, PA
Total Project Amount: $940,000
SBA 504 Loan Amount: $327,000
Used to: Purchase/renovate building & relocate facility
Lending Partner: M&T Bank

January 2025

Salon and Spa
Newtown Square, Delaware County, PA
Total Project Amount: $4,690,000
SBA 504 Loan Amount: $1,922,000
Used to: Purchase/renovate building to expand & relocate facility
Lending Partner: Meridian Bank

Home Remodeling Company
Newark, New Castle County, DE
Total Project Amount: $2,700,000
SBA 504 Loan Amount: $1,108,000
Used to: Purchase commercial property
Lending Partner: Impact 504 Fund

Fitness Center/Gym
Ardmore, Montgomery County, PA
Total Project Amount: $2,576,000
SBA 504 Loan Amount: $1,063,000
Used to: Purchase/renovate building to expand & relocate facility
Lending Partner: Peoples Security Bank & Trust

Italian Market & Cheese Manufacturer
Allentown, Lehigh County, PA
Total Project Amount: $1,171,000
SBA 504 Loan Amount: $486,000
Used to: Purchase commercial property
Lending Partner: Peoples Security Bank & Trust

December 2024

Vinyl Record Manufacturer
Coatesville, Chester County, PA
Total Project Amount: $2,980,000
SBA 504 Loan Amount: $1,057,000
Used to: Purchase building to expand & relocate facility
Lending Partner: The Victory Bank

Storage Facility
Hamburg, Berks County, PA
Total Project Amount: $1,605,000
SBA 504 Loan Amount: $567,000
Used to: Expand existing facility
Lending Partner: The Victory Bank

Digital Marketing Services
Montgomeryville, Montgomery County, PA
Total Project Amount: $1,444,000
SBA 504 Loan Amount: $597,000
Used to: Purchase commercial property
Lending Partner: LINKBANK

Events Company and Studio
Bethlehem, Lehigh County, PA
Total Project Amount: $724,306
SBA 504 Loan Amount: $301,000
Used to: Purchase building/renovate commercial property
Lending Partner: M&T Bank

NOVEMBER 2024

Full-Service Restaurant
Horsham, Montgomery County, PA
Total Project Amount: $1,856,000
SBA 504 Loan Amount: $765,000
Used to: Purchase commercial real estate with change of ownership
Lending Partner: Fulton Bank

Roofing Product Manufacturer
Reading, Berks County, PA
Total Project Amount: $1,436,800
SBA 504 Loan Amount: $511,000
Used to: Partner buyout of commercial real estate
Lending Partner: Customers Bank

October 2024

Medical & Aerospace Device Manufacturer
Hatboro, Montgomery County, PA
Total Project Amount: $15,321,878
SBA 504 Loan Amount: $5,138,000
Used to: Purchase building/renovate commercial property
Lending Partner: Fulton Bank

Franchise Restaurant
Hershey, Dauphin County, PA
Total Project Amount: $2,114,816
SBA 504 Loan Amount: $620,000
Used to: Purchase building/renovate commercial property
Lending Partner: M&T Bank

September 2024

Home Healthcare Service Provider
Philadelphia, PA
Total Project Amount: $1,338,000
SBA 504 Loan Amount: $552,000
Used to: Purchase commercial property
Lending Partner: Univest

Metal Fabrication Company
Northampton, Lehigh County, PA
Total Project Amount: $1,546,000
SBA 504 Loan Amount: $558,000
Used to: Purchase building in change of ownership
Lending Partner: Peoples Security Bank & Trust

August 2024

Mental Health Practitioners
Wyomissing, Berks County, PA
Total Project Amount: $1,020,000
SBA 504 Loan Amount: $422,000
Used to: Purchase building to expand & relocate facility
Lending Partner: Community First Fund Credit Union

July 2024

Office Construction & Installation Services
Phoenixville, Chester County, PA
Total Project Amount: $1,286,000
SBA 504 Loan Amount: $531,000
Used to: Purchase commercial property
Lending Partner: The Victory Bank

June 2024

Asian Supermarket
Newark, New Castle County, DE
Total Project Amount: $10,932,917
SBA 504 Loan Amount: $3,964,000
Used to: Purchase/renovate commercial property & FFE to expand to additional facility
Lending Partner: Meridian Bank

Dental Surgery Center
New Hope, Bucks County, PA
Total Project Amount: $3,716,225
SBA 504 Loan Amount: $1,524,000
Used to: Refinance commercial real estate and equipment
Lending Partner: Penn Community Bank

May 2024

Veterinary Services
Fleetwood, Berks County
Total Project Amount: $3,000,000
SBA 504 Loan Amount: $1,237,000
Used to: Purchase building/renovate commercial property
Lending Partner: Mid Penn Bank

Counseling Services
Wyomissing, Berks County
Total Project Amount: $850,000
SBA 504 Loan Amount: $352,000
Used to: Purchase commercial property
Lending Partner: Tompkins Community Bank

April 2024

Third-Party Logistics Company
Wilkes-Barre, Luzerne County
Total Project Amount: $11,866,242
SBA 504 Loan Amount: $4,853,000
Used to: Purchase commercial property
Lending Partner: Cross River Bank

Italian Restaurant
Bernville, Berks County
Total Project Amount: $1,250,000
SBA 504 Loan Amount: $348,000
Used to: Refinance commercial real estate
Lending Partner: Victory Bank

March 2024

Waste Collections & Disposal
West Chester, Chester County
Total Project Amount: $2,698,000
SBA 504 Loan Amount: $1,102,000
Used to: Purchase commercial property
Lending Partner: Meridian Bank

Gymnastics Facility
Exton, Chester County
Total Project Amount: $1,555,127
SBA 504 Loan Amount: $640,000
Used to: Purchase commercial property

Lending Partner: First Resource Bank

February 2024

Pharmaceutical Consulting
Royersford, Montgomery County
Total Project Amount: $6,950,000
SBA 504 Loan Amount: $2,827,000
Used to: Purchase building/renovate commercial property
Lending Partner: Meridian Bank

Hardware Fastener Wholesaler & Distributor
Newark, New Castle County
Total Project Amount: $5,152,000
SBA 504 Loan Amount: $1,767,000
Used to: Purchase commercial property
Lending Partner: WSFS Bank

January 2024

Child Care Services
Blandon, Berks County
Total Project Amount: $826,000
SBA 504 Loan Amount: $343,000
Used to: Purchase building to expand & relocate facility
Lending Partner: Tompkins Community Bank

Child Care Services
Exeter, Luzerne County
Total Project Amount: $750,000
SBA 504 Loan Amount: $311,000
Used to: Purchase building/renovate commercial property
Lending Partner: FNCB Bank

December 2023

Auto Body Shop
Silverdale, Bucks County
Total Project Amount: $830,000
SBA 504 Loan Amount: $344,000
Used to: Purchase commercial property
Lending Partner: Penn Community Bank

Candy Wholesaler & Retailer
Temple, Berks County
Total Project Amount: $530,000
SBA 504 Loan Amount: $222,000
Used to: Purchase commercial property
Lending Partner: Diamond Credit Union

Residential Realtor
Ambler, Montgomery County
Total Project Amount: $2,052,000
SBA 504 Loan Amount: $844,000
Used to: Purchase commercial property
Lending Partner: Univest

November 2023

Food Manufacturer
Exton, Chester County
Total Project Amount: $3,978,642
SBA 504 Loan Amount: $1,639,000
Used to: Refinance commercial real estate with renovations
Lending Partner: Fulton Bank

Trampoline Park
Glen Mills, Delaware County
Total Project Amount: $2,880,000
SBA 504 Loan Amount: $1,182,000
Used to: Purchase/improve commercial property
Lending Partner: Customers Bank

Conveyor Belt Supply and Service
Exton, Chester County
Total Project Amount: $2,260,000
SBA 504 Loan Amount: $929,000
Used to: Purchase commercial property
Lending Partner: First National Bank of Pennsylvania

Farm Market & Food Manufacturer
Bernville, Berks County
Total Project Amount: $1,200,000
SBA 504 Loan Amount: $498,000
Used to: Improve commercial property & purchase equipment
Lending Partner: Tompkins Community Bank

September 2023

Technology Consulting Company
Wyomissing, Berks County
Total Project Amount: $12,500,000
SBA 504 Loan Amount: $4,936,000
Used to: Purchase land/renovate commercial property
Lending Partner: Customers Bank

Food Marketing
Lancaster, Lancaster County
Total Project Amount: $2,720,000
SBA 504 Loan Amount: $1,117,000
Used to: Purchase land/build commercial property
Lending Partner: Ephrata National Bank

Technology Consulting Company
Abington, Montgomery County
Total Project Amount: $640,000
SBA 504 Loan Amount: $268,000
Used to: Purchase land/renovate commercial property
Lending Partner: Univest

July 2023

Child Care Services
Exton, Chester County
Total Project Amount: $5,005,849
SBA 504 Loan Amount: $2,061,000
Used for: Ground up construction and equipment
Lending Partner: Meridian Bank

Child Care Services
Reading, Berks County
Total Project Amount: $1,230,000
SBA 504 Loan Amount: $508,000
Used to: Purchase commercial property
Lending Partner: Tompkins Community Bank

May 2023

New/Used Car Dealer
Sinking Spring, Berks County
Total Project Amount: $2,120,000
SBA 504 Loan Amount: $756,000
Used to: Improve commercial property
Lending Partner: Tompkins Community Bank

Supermarket
Philadelphia
Total Project Amount: $6,852,398
SBA 504 Loan Amount: $2,819,000
Used to: Purchase commercial property
Lending Partner: Zions Bank

Gymnastics Facility
West Chester, Chester County
Total Project Amount: $2,977,335
SBA 504 Loan Amount: $1,228,000
Used to: Purchase land/build commercial property to relocate and expand facility
Lending Partner: WSFS

Engineering Services
Glen Mills, Delaware County
Total Project Amount: $1,870,165
SBA 504 Loan Amount: $773,000
Used to: Purchase/improve commercial property
Lending Partner: The Victory Bank

April 2023

Sports & Recreation Instruction
York, York County
Total Project Amount: $2,560,298
SBA 504 Loan Amount: $925,000
Used to: Purchase/improve commercial property
Lending Partner: M&T Bank

Child Care Services
Mohnton, Berks County
Total Project Amount: $1,126,000
SBA 504 Loan Amount: $465,000
Used to: Purchase commercial property
Lending Partner: Tompkins Community Bank

March 2023

Metal Fabrication
Collingdale, Delaware County
Total Project Amount: $4,590,000
SBA 504 Loan Amount: $1,890,000
Used to: Purchase & improve commercial property
Lending Partner: Franklin Mint Federal Credit Union

Funeral Home
Red Hill, Montgomery County
Total Project Amount: $460,000
SBA 504 Loan Amount: $193,000
Used to: Purchase commercial property
Lending Partner: Victory Bank

February 2023

Law Firm
Doylestown, Bucks County
Total Project Amount: $1,514,000
SBA 504 Loan Amount: $627,000
Used to: Purchase land & ground up construction
Lending Partner: WSFS

Residential Remodeler
Lansdale, Montgomery County
Total Project Amount: $636,000
SBA 504 Loan Amount: $265,000
Used to: Purchase new commercial property
Lending Partner: Penn Community Bank

January 2023

Taxidermy Studio
Birdsboro, Berks County
Total Project Amount: $755,000
SBA 504 Loan Amount: $311,000
Used to: Purchase/improve commercial property
Lending Partner: Tompkins Community Bank

Retail Flooring Company
Malvern, Chester County
Total Project Amount: $1,646,000
SBA 504 Loan Amount: $678,000
Used to: Purchase new commercial property
Lending Partner: Mid Penn Bank

December 2022

Child Care Services
Folcroft, Delaware County
Total Project Amount: $1,460,000
SBA 504 Loan Amount: $605,000
Used to: Refinance commercial real estate
Lending Partner: Centric Bank

November 2022

Residential AV System Design & Programming
Chester Springs, Chester County
Total Project Amount: $1,092,000
SBA 504 Loan Amount: $449,000
Used to: Improve commercial property
Lending Partner: American Heritage Federal Credit Union

October 2022

Health & Wellness Benefits Company
Philadelphia
Total Project Amount: $3,827,154
SBA 504 Loan Amount: $1,573,000
Used to: Purchase new commercial property
Lending Partner: TD Bank

Automotive Restoration & Fabrication Company
Downingtown, Chester County
Total Project Amount: $2,847,232
SBA 504 Loan Amount: $1,174,000
Used to: Purchase/improve commercial property
Lending Partner: WSFS

September 2022

Mental Health Practitioners
Breinigsville, Lehigh County
Total Project Amount: $822,000
SBA 504 Loan Amount: $343,000
Used for: Purchase new commercial property
Lending Partner: Peoples Security Bank & Trust

Window & Door Manufacturer
Morgantown, Berks County
Total Project Amount: $15,370,000
SBA 504 Loan Amount: $5,466,000
Used for: Equipment for new facility
Lending Partner: Customers Bank

Chiropractor Practice
Reading, Berks County
Total Project Amount: $1,700,000
SBA 504 Loan Amount: $693,000
Used for: Purchase/improve commercial property
Lending Partner: Tompkins Community Bank

Wendy’s Fast Food Restaurant
Schnecksville, Lehigh County
Total Project Amount: $2,646,000
SBA 504 Loan Amount: $1,047,000
Used for: Purchase/improve commercial property
Lending Partner: Peoples Security Bank & Trust

Full-Service Auto Repair & Service Station
Harleysville, Montgomery County
Total Project Amount: $2,184,000
SBA 504 Loan Amount: $788,000
Used for: Purchase new commercial property
Lending Partner: Peoples Security Bank & Trust

Furniture & Appliance Rentals
Columbia, Lancaster County
Total Project Amount: $1,471,786
SBA 504 Loan Amount: $505,000
Used for: Purchase/improve commercial property
Lending Partner: Link Bank

Landscape Architecture
Philadelphia
Total Project Amount: $1,550,000
SBA 504 Loan Amount: $642,000
Used for: Refinance of commercial real estate
Lending Partner: WSFS

Storm Water Design Firm
Philadelphia
Total Project Amount: $800,000
SBA 504 Loan Amount: $327,000
Used for: Refinance of commercial real estate
Lending Partner: WSFS

August 2022

Bed and Breakfast
Bird in Hand, Lancaster County
Total Project Amount: $950,000
SBA 504 Loan Amount: $298,000
Used for: Change of ownership purchase of existing commercial property
Lending Partner: Ephrata National Bank

Full-Service Auto Repair
Stevens, Lancaster County
Total Project Amount: $583,000
SBA 504 Loan Amount: $211,000
Used to: Purchase new commercial property
Lending Partner: M&T Bank

Full-Service Hair Salon
Folsom, Delaware County
Total Project Amount: $509,000
SBA 504 Loan Amount: $214,000
Used to: Purchase/improve commercial property
Lending Partner: Centric Bank

IT Service Provider
Doylestown, Bucks County
Total Project Amount: $430,000
SBA 504 Loan Amount: $182,000
Used to: Purchase/improve commercial property
Lending Partner: C&N Bank

July 2022

Manufacturer
Perkasie, Bucks County
Total Project Amount: $750,000
SBA 504 Loan Amount: $283,000
Used to: Purchase existing commercial property
Lending Partner: QNB Bank

Child Care Services
Enola, Cumberland County
Total Project Amount: $4,885,377.21
SBA 504 Loan Amount: $1,680,000
Used to: Purchase land/build commercial property to expand to an additional facility
Lending Partner: Members 1st Federal Credit Union

Full-Service Restaurant
Manayunk, Philadelphia
Total Project Amount: $1,580,000
SBA 504 Loan Amount: $498,000
Used to: Refinance SBA 7(a) loan
Lending Partner: S&T Bank

Full-Service Restaurant
West Chester, Chester County
Total Project Amount: $1,690,000
SBA 504 Loan Amount: $699,000
Used to: Refinance SBA 7(a) loan
Lending Partner: S&T Bank

Mental Health Practitioners
Allentown, Lehigh County
Total Project Amount: $670,000
SBA 504 Loan Amount: $280,000
Used to: Purchase new commercial property
Lending Partner: Peoples Security Bank & Trust

June 2022

Family Diner
Pennsburg, Montgomery County
Total Project Amount: $1,130,000
SBA 504 Loan Amount: $452,000
Used for: Change of ownership purchase of existing commercial property
Lending Partner: The Victory Bank

Tech/IT Firm
Springfield, Delaware County
Total Project Amount: $850,000
SBA 504 Loan Amount: $250,000
Used for: Refinance of SBA 7(a) loan
Lending Partner: Franklin Mint FCU

Chimney Construction Company
Media, Delaware County
Total Project Amount: $1,650,000
SBA 504 Loan Amount: $826,000
Used for: Purchase/improve commercial property
Lending Partner: Univest

Early Learning Center
King of Prussia, Montgomery County
Total Project Amount: $1,710,020
SBA 504 Loan Amount: $684,000
Used for: Purchase/improve commercial property
Lending Partner: WSFS

Car Wash
North Wales, Montgomery County
Total Project Amount: $5,600,000
SBA 504 Loan Amount: $1,680,000
Used for: Ground up construction & equipment
Lending Partner: WSFS

May 2022

Brewery & Full-Service Restaurant
Quakertown, Bucks County
Total Project Amount: $1,130,000
SBA 504 Loan Amount: $469,000
Used to: Purchase existing commercial property
Lending Partner: QNB Bank

Full-Service, Gourmet Brazilian Steakhouse
Horsham, Montgomery County
Total Project Amount: $4,452,460
SBA 504 Loan Amount: $1,523,000
Used to: Purchase existing commercial property
Lending Partner: WSFS Bank

Concrete Delivery Company
Downingtown, Chester County
Total Project Amount: $1,845,615
SBA 504 Loan Amount: $763,000
Used to: Purchase existing commercial property
Lending Partner: Truist

Indoor/Outdoor Tennis Facility
Washington Crossing, Bucks County
Total Project Amount: $2,405,000
SBA 504 Loan Amount: $869,000
Used to: Purchase existing commercial property
Lending Partner: C&N

Coin-Operated Laundromat
Philadelphia
Total Project Amount: $1,651,860
SBA 504 Loan Amount: $683,000
Used to: Purchase/improve commercial property
Lending Partner: Fulton Bank

April 2022

Seasonal Planter Arrangements
Philadelphia
Total Project Amount: $2,284,215
SBA 504 Loan Amount: $943,000
Used to: Purchase new commercial property
Lending Partner: Meridian Bank

Energy Servicing Company
West Chester, Chester County, PA
Total Project Amount: $590,065
SBA 504 Loan Amount: $244,000
Used to: Purchase/improve commercial property
Lending Partner: Meridian Bank

Dance Studio
Fort Washington, Montgomery County, PA
Total Project Amount: $1,643,000
SBA 504 Loan Amount: $680,000
Used to: Purchase existing commercial property
Lending Partner: The Victory Bank

March 2022

Property Maintenance and Landscaping
Furlong, Bucks County, PA
Total Project Amount: $803,000
SBA 504 Loan Amount: $330,000
Used to: Purchase/improve commercial property
Lending Partner: Penn Community Bank

February 2022

Optometrist & Eyewear Boutique
Collegeville, Montgomery County, PA
Total Project Amount: $1,062,000
SBA 504 Loan Amount: $415,000
Used to: Purchase/improve commercial property to relocate to larger facility
Lending Partner: Univest

Brewery
Emmaus, Lehigh County, PA
Total Project Amount: $1,342,000
SBA 504 Loan Amount: $548,000
Used to: Purchase/improve commercial property to relocate to larger facility
Lending Partner: Embassy Bank

Recreational Vehicle Sales
Mechanicsburg, Cumberland County, PA
Total Project Amount: $663,000
SBA 504 Loan Amount: $273,000
Used to: Purchase new commercial property
Lending Partner: M&T Bank

Audio Visual Design and Installation Services
Malvern, Chester County, PA
Total Project Amount: $10,465,000
SBA 504 Loan Amount: $4,224,000
Used to: Purchase land/build commercial property to relocate to larger facility
Lending Partner: WSFS

January 2022

Retail Flooring Company
Havertown, Delaware County, PA
Total Project Amount: $625,000
SBA 504 Loan Amount: $258,000
Used for: Purchase of existing commercial property
Lending Partner: Mid Penn Bank

Highway & Site Contractor
Skippack, Montgomery County, PA
Total Project Amount: $736,000
SBA 504 Loan Amount: $375,000
Used for: Refinance of commercial real estate
Lending Partner: Republic Bank

December 2021

Lawn Care Provider
Headquartered in West Chester, Chester County, PA
Total Project Amount: $1,540,000
SBA 504 Loan Amount: $616,000
Used for: Purchase of new commercial property
Lending Partner: WSFS Bank

November 2021

Franchise Gutter Repair
Allentown, Lehigh County, PA
Total Project Amount: $774,000
SBA 504 Loan Amount: $310,000
Use For: Purchase of new commercial property
Lending Partner: Harleysville Bank

Law Firm
Doylestown, Bucks County, PA
Total Project Amount: $1,180,000
SBA 504 Loan Amount $472,000
Used For: Purchase of formerly leased property
Lending Partner: WSFS Bank

Coatesville, PA’s own Rebecca Lukens is widely recognized as America’s first female industrialist. She assumed control of Brandywine Iron Works and Nail Factory in 1825, which later became Lukens Steel, during a time when women couldn’t open bank accounts in their own names, obtain a loan or vote.

Here at Seedcopa + SeedcoDE, we’ve been taking a look back at our own history books for active SBA 504 loans in our portfolio over the decades. We counted more than four dozen loans for businesses that were majority-owned by women, spanning more than a dozen counties across Pennsylvania.

Here are a few of the recent highlights, plus more impressive women-owned businesses you can support this Women’s History Month – and always. We’re proud to call these women Seedcopa borrowers!

Main Line Gymnastics’ New Building with Seedcopa

Tour the Transformation of Jenny’s Salon

“I Bought a Building” With 3 Months of Covered Payments

Counseling Center Opens with 504 & Leasing Space

Bucks Co. Business Owner Finds Right Property & Loan

What Can You Do With an SBA 504 Loan?

Van Scoy Jewelers Opens New Retail Location with SBA 504 Loan

Fire & COVID: SBA 504 Helped Eatery with Both

B & W Machine Works, Inc. ─ Perkasie, Bucks County

Billy’s Homemade Candies LLC ─ Temple, Berks County

Bonaventure Academy, Inc. ─ Bethlehem, Lehigh County

Brecknock Academy Childcare Inc. ─ Mohnton, Berks County

Denise’s Nieces Inc. ─ Philadelphia

E C Fence & Iron Works, Inc. ─ Norristown, Montgomery County

Edge Self Storage ─ Hamburg, Berks County

Emergent Energy Solutions, LLC ─ West Chester, Chester County

Everlasting Wellness Limited Liability Company ─ Wyomissing, Berks County

Fox and Finch LLC ─ Bethlehem, Lehigh County

Institute of Dance Artistry ─  Fort Washington, Montgomery County

JD2 Environmental, Inc. ─ West Chester, Chester County

Lighthouse Family Counseling, LLC ─ Exton, Chester County

Monaghan Funeral Home, Inc. ─ Red Hill, Montgomery County

Pathways For Change, LLC ─ Emmaus, Lehigh County

Premier Office Solutions, Inc. ─ Willow Grove, Montgomery County

Reading Midwife Enterprises LLC ─ Reading, Berks County

Rota-Mill, Inc. ─ Oley, Berks County

Ruggiero Plante Land Design, LLC ─ Philadelphia

Russell Ventures Group, LLC ─ Hatfield, Montgomery County

Scargill Insurance Agency, Inc. ─ Pottstown, Chester County

Solace Farms Day Retreat ─ Chester Springs, Chester County

Somax Environmental, Inc./R&M Equipment Company ─ Spring City, Chester County

SRK Hospitality Inc. ─ Altoona, Blair County

Stand Strong Training Inc. ─ Downingtown, Chester County

StormWater Solutions, LLC ─ Philadelphia

Tiny Learners Learning Center LLC ─ Exeter, Luzerne County

Tiny Thinkers Academy, LLC ─ Blandon, Berks County

Tiny Treasures Child Care ─ Kenhorst, Berks County

Water Wheel Tavern ─ Wycombe, Bucks County

SAVS Veterinary ─ Fleetwood, Berks County

Top photo courtesy Nikischer & Associates

Another affordable option is saving the day. Thanks to a trio of SBA 504 loans, three Choice Hotels will continue to thrive and be family owned under new ownership: The Comfort Suites on 140 Stroehman Drive in Altoona, Blair County; the Comfort Inn at 130 Patchway Road in Duncansville, Blair County; and the Comfort Inn at 100 South 4^th Street in Huntingdon, Huntingdon County.

“This is a clear trend we’ve been seeing in the hospitality industry, as small- to mid-sized hotel owners retire and look to the next generation of existing hotel managers to take on an additional location – and keep up with a market that has become increasingly competitive,” said Seedcopa Managing Director Sherwood Robbins.

In this case, not only do the SBA 504 loans support a change of ownership, they also have a profound impact on job creation and retention, rural development and expansion of minority enterprises.

“It is particularly gratifying to see these hotels managed by a family,” said Robbins. “We have mother-and-son owners, with the father personally guaranteeing the loan due to the son’s young age at the time. We also have the siblings of that mother and father, who are also a married couple, owning the other two hotels and investing in the future of Central Pennsylvania.”

Congratulations to mother and son owners Trupti and Om Patel, along with husband/father Sachin Patel, as well as husband and wife Jignesh and Nimisha Patel. Fun fact: Om Patel is the youngest owner-operator of a Choice Hotel franchise.

Photos courtesy the Patel family

The timing was right in 2025, when BoardSafe Docks was approved for two SBA 504 loans, which allowed them to purchase their existing leased space and an additional location, less than 2 miles away, in Fleetwood, Berks County, PA.

“We’ve known Seedcopa for years, as we discussed options, but an almost 20% increase in sales in 2024 put us in a position where we needed additional permanent storage and manufacturing space to continue to grow,” said BoardSafe Docks Co-owner and Founder Scott Tihansky. “In partnership with Fulton Bank, the team at Seedcopa was able to get us to the finish line with an interest rate well below what we were seeing elsewhere.”

In operation since 2013, BoardSafe Docks has become recognized as an industry leader in the manufacturing of aluminum-welded floating dock systems, not only in the Mid-Atlantic region but across the nation. Thanks to their strategic relationships and solution-focused designs, BoardSafe Docks creates or improves water access along water trails, and for municipalities, state and local park systems, wildlife organizations, and rowing centers.

Clients can choose from fiberglass grating, synthetic lumber, or aluminum as they work with BoardSafe to design customized pedestrian bridges, gangways, rowing docks, courtesy boat docks, adaptive kayak launches, and combination dock systems with accessible fishing piers. 

If you’ve ever been to the Conshohocken Rowing Center, Cooper River Park, University of Pennsylvania Rowing Center, or Temple University’s state-of-the-art Rowing Center, then you’re already familiar with BoardSafe’s impressive work.

Erie Canal recently celebrated its 200th Anniversary and launched its celebration with a kayak and canoe paddle from a new BoardSafe Adaptive Kayak Launch.

Additional projects are in Austin, Dallas, Houston, Philadelphia, Baltimore, Jacksonville, Chicago, Manhattan, Boston Harbor, and across the nation. BoardSafe’s floating dock systems provide universal access to all looking to get out on the water.

BoardSafe is a trusted expert at solving complex site-access challenges for its customers by providing one-of-a-kind, long-lasting water solutions. Working with Seedcopa to finance the purchase of additional manufacturing space has allowed BoardSafe to grow and expand its manufacturing capabilities to meet its customers’ growing needs.

Now to the Seedcopa + SeedcoDE Holiday Destination List!

Breweries

Appalachian Brewing

Evil Genius Brewery

Proper Brewing Company

Victory Brewing

VK Brewing

Yergey Brewing

Markets & Other Food and Drink Establishments

Assante Italian Market

Billy’s Candies

Burkholder Holiday Market

Casa Carmen Farm and Winery

Cornerstone CoffeeHouse

Denise’s Delicacies bakery

Dressler Estate – Cidery & Bar

Eclat Chocolate

Hung Vuong Food Market

Mazza Vineyards

Mont Clare Deli & Market

Plum Creek Farm Market and Creamery

Save-A-Lot (Leevers Supermarkets)

Restaurants

Blue Marsh Italian Restaurant & Pizzeria

Buona Via Ristorante

Couch Tomato

Go Fish Restaurant & Sushi Bar

Hamilton Family Restaurant

Island Pizza

Nabrasa Brazilian Steakhouse

New Pennsburg Diner

Oola Bowls

Schell’s Restaurant & Dairy

Teikoku

Tikka Shack

Salon Services

Hair Philosophy

Jenny’s Salon

Nicholas Sebastian Salon Spa

Shops

Artistic Visions Wildlife Studio

Earth’s Treasury

Home Furnishing Market

Marks Jewelers

Outback Trading Company

Salter’s Fireplace & Stove

Twisted Cog Bike Shop

Van Scoy Jewelers

It all came to fruition this fall when Seedcopa + SeedcoDE attended the grand opening of Metalum’s new 72,000-square-foot facility that brings all operations under one roof for the first time. The additional space allows the company to take on larger fabrication jobs with higher profit margins, while improving safety and efficiency.

The PIDA Loan That Made It Happen

With help from a PIDA loan facilitated by Seedcopa + SeedcoDE, the Chester County Economic Development Council and lending partner Mid Penn Bank, Metalum was able to finance construction of the new building and move out of its previous facility, which was 38,000 square feet spread across three separate sites. That included shared space with sister company Chester County Coatings LLC, which proved to be a burden as Metalum was consistently transporting materials by forklift across the road and working on top of CCC employees. The expansion allows both King family-owned companies to grow: Metalum through consolidation, and Chester County Coatings through additional capacity.

40+ Years of Shaping Metal & Building Opportunity

For more than four decades, the King family has been shaping metal — and building opportunity. Aaron King started a welding shop in 1982 out of his own barn in Honey Brook as a sole proprietorship. From those humble beginnings, the business steadily grew into the thriving steel fabrication and welding company known today as Metalum LLC.

Originally operating as Pleasant View Welding, Aaron’s business expanded with demand and the help of his six sons, who each began learning the trade when they were old enough to work. As projects became larger and more complex, the business evolved into Pleasant View Industries, and in 2021, rebranded as Metalum LLC to reflect its broader customer base and advanced capabilities. Today, the company provides precision fabrication services for clients in the trucking and transportation, construction, recreational vehicle, and furniture industries.

Today’s Metalum

Ownership of Metalum is shared by Aaron King and his sons Jacob (who has worked alongside his father for the past 23 years) and Amos (who has worked alongside his father for the past 16 years). Together, they’ve cultivated a culture that values craftsmanship, accountability, and community.

Seedcopa Managing Director Sherwood Robbins says the Kings’ project demonstrates the long-term community impact of a PIDA loan, which is a state loan and line of credit program that combines six different, traditionally low interest loans.

“This family has continually reinvested in their business, their people, and their town. Their new facility ensures that tradition continues,” Robbins said.

TITLE: Relationship Manager

REPORTS TO: Seedcopa Managing Director

PRIMARY FUNCTION: This position will be responsible for originating loans, focusing on achieving loan goals, credit quality, and superior customer service. In addition to credit structuring and analysis, this position will interact with borrowers, financial institutions and strategic partners.

KEY RESPONSIBILITIES

• Responsible for working with incoming business development calls.
• Preparation of the Seedcopa Initial Assessment and the ability to work with partners and borrowers to understand the request and structure loans.
• Ability to conduct engagement meetings and document checklist from these meetings.
• Maintain and continue to foster existing relationships with banks/credit unions, economic development partners, legal and accounting practices and commercial realtors.
• Ability to develop new relationships in both existing and new markets.
• Responsible for updating and maintaining the Salesforce CRM system.
• Contribute ideas to the sales and marketing efforts of Seedcopa, including social media efforts.
• Attend regular online or in-person training sessions to keep abreast of program changes and improvements.
• All other duties as assigned.

REQUIRED SKILLS/KNOWLEDGE/EXPERIENCE:

• Bachelor’s degree in Finance, Accounting, Business or a related field and at least 3 years of commercial lending experience or equivalent experience.
• Knowledge of SBA and government loan programs is preferred.
• Experience with Microsoft Office suite, Salesforce (or other CRM), and loan/internet software.
• Strong interpersonal and communication skills with the ability to balance production with credit quality.
• Attention to detail and organization skills are a must have.
• Qualified candidates will possess a commitment to a strong culture of collaboration and cooperation.

Working Conditions: This role requires regular on-site presence, with the potential for off-hours work as projects and work as required.  However, once training is complete a partially remote hybrid work option, consistent with organizational policy, is available.

Benefits: Seedcopa provides a highly competitive benefits package to full-time employees inclusive of dental, health and life insurance, paid time off and an employer matched 401(k) program.

Time Requirement: Full-time

Date: October 1, 2025

Contact:  If interested, please contact Michelle May at michelle@workplaceharmonyhr.com.

CCEDC provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

It’s all part of the SBA’s Made in America Manufacturing Initiative to empower small manufacturers — a goal Seedcopa + SeedcoDE can certainly get behind. To celebrate, here’s a roundup of manufacturers we’ve worked with today and in the past, who have become successful Seedcopa borrowers over the years through our various loan programs.

Seedcopa Borrower ONExia on Fox Business News

4 Loans That Impact 4 Counties

Consolidated Storage Doubles Sales

SBA Tours Alli Fabrication

Manufacturing Company Benefits from 6 Months of Covered Loan Payments During COVID-19

SBA 504 Fee Changes

For Manufacturers*:

• The upfront guaranty fee and the annual service fee will be waived
• This includes loans made under 504 Debt Refinance With and Without Expansion

For Other Businesses:

504 Loans approved under the 504 Debt Refinance Without Expansion Program:

• The upfront guaranty fee will be 0.50% (50 basis points), which is an increase from 0% (0 basis points) in FY 2024
• The annual service fee will be 0.2115% (21.15 basis points) of the outstanding balance of the loan, which is a decrease from 0.356% (35.6 basis points) in FY 2024

All other 504 loans (other than 504 loans approved under the 504 Debt Refinance Without Expansion Program):

• The upfront guaranty fee will be 0.50% (50 basis points), which is an increase from 0% (0 basis points) in FY 2024
• The annual service fee will be 0.209% (20.9 basis points) of the outstanding balance of the loan, which is a decrease from 0.331% (33.1 basis points) in FY 2024

The above was issued under SBA Information Notice 5000-871532.

SBA 7(a) Fee Changes

• For Manufacturers*, the upfront fee will be waived for 7(a) loans of $950,000 or less. (Does not apply to MARC loans)
• The upfront fees for loans with a maturity that exceeds 12 months (excluding EWCP, WCP and SBA Express loans for veteran-owned businesses) are:
  • For loans of $150,000 or less: 2% of the guaranteed portion of the loan. The Lender may retain no more than 25% of the fee (i.e., at least 1.5% must be remitted to SBA)
  • For loans of $150,001 to $700,000: 3% of the guaranteed portion of the loan
  • For loans of $700,001 to $5,000,000: 3.5% of the guaranteed portion of the loan up to and including $1,000,000, plus 3.75% of the guaranteed portion over $1,000,000
• The upfront fee for loans with a maturity of 12 months or less (short-term loans) is 0.25% of the guaranteed portion of the loan
• The annual service fee will be 0.55 (55 basis points) of the outstanding balance of the guaranteed portion of loan. This includes 7(a) Working Capital Pilot (WCP) loans. Lenders may not pass the Lender’s Annual Service Fee on to the Borrower

Additional details can be found under SBA Information Notice 5000-872051, including for loan increases, extensions, multiple 7(a) loans, EWCP, WCP and SBA Express loans for veteran-owned businesses.

*Eligible manufacturers are those within NAICS sectors 31-33, as designated in the first two digits of the “business activity code” on the entity’s tax return