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.
This article appears in July 2, 2010.