Seedcopa Named Top Certified Development Corporation in the Nation
The Small Business Administration (SBA) recently released its rankings of 504 Loan Providers for the six month period ending May 31, 2015.
At the top of the list sits the South Eastern Economic Development Company of Pennsylvania (Seedcopa), the CCEDC’s Certified Development Company. The rankings were based on the number of days per approval (the interval between when an application first arrives at the Center and when the Center sends the CDC a signed authorization).
Seedcopa was able to achieve an average of 4.9 days per approval due to the wonderful collaboration with banks and other partners. The nationwide average was 12.5 approval days.
In the 2014 program year, Seedcopa participated in regional loan projects totaling $40 million.