Small Business Loans
The Southeastern Economic Development (SEED) Corporation has closed on five small business loans in the Cape and Islands totaling $750,000. The loans enabled the business to expand and create new jobs. Twin Oaks Inn received a loan of $75,000 under SEED’s Revolving Loan Fund for working capital for their bed and breakfast business in Vineyard Haven. Alison Shaw Photography received a loan of $50,000 under the same fund for working capital to prepare her fine art gallery in Oak Bluffs for the upcoming tourist season.
SEED Corporation is a nonprofit economic development organization certified in 1982 by the U.S. Small Buisness Administration, assisting small businesses to grow and create jobs throughout the region.