Incubating
Business
Imagining
Opportunities
Igniting
Growth
Impacting
Workforce
SeedcoPA loAn
hiGhliGht
Hotel Warner
West Chester is a vibrant town,
serving the business, residential, and
student communities. e spring
brought yet another addition to the
downtown district. e McFadden
Hotel Group, LLC opened the 77
room Hotel Warner on the site of the
former Warner eatre. e eatre
was renovated and converted into the
lobby, restaurant and meeting rooms,
combining charm and functionality in
this historic landmark.
McFadden Hotel Group received 50%
of the funding from Univest National
Bank & Trust and
35%
of the
funding from Seedcopa's SBA 504
loan program
.
e grand total of the
project was $11,003,375 and created
13
full time and 17 part time jobs.
Through the Small Business Jobs Act of 2010,
Seedcopa refinanced 20 loans for a total of
$20 million, in fiscal years 2011 and 2012.
Seedcopa partners with 10 small to
regional-sized banks, acting as a Lender
Service Provider (LSP).
The Seedcopa portfolio is rated a 2 out of
a possible 5 on the SBA’s portfolio grading
system, placing Seedcopa in the top quartile
of 270 CDCs nationwide.
Tax-Exempt Financing in 2011
In partnership with the Chester County, Central and
Western Chester County, and Uwchlan Township
Industrial Development Authorities (IDA)
PROJECT
FINANCING
LENDING
NAME
AMOUNT
PARTNERS
Child Guidance
$5,500,000
Sovereign Bank
Resource Center
Barclay Friends
$10,000,000
M & T Bank
St. Elizabeth Roman
$3,900,000
WSFS Bank
Catholic Church
(18)
Next Generation
$7,170,000
National Penn Bank
Farmer Loans
Fulton Bank
Union National
Community
Hankin Properties
Partnership
TOTAL CLOSED
$26,570,000
Accomplishments
Injecting
Capital
3