Seedcopa Notes of Interest: Premier Office Solutions

August 2013

Seedcopa was awarded $2,000,000 in funds by the Commonwealth of Pennsylvania Department of Community and Economic Development as part of the State Small Business Credit Initiative (SSBCI) program established by the Federal Jobs Act of 2010.  These funds are being used by Seedcopa to establish a direct loan fund to enhance its current government loan programs.  In July, 2013, Seedcopa closed its first loan under the SSBCI, a $400,000 working capital facility for a steel fabrication business headquartered in Downingtown, PA.  This loan will facilitate the expansion of the business into a 70,000 square foot fabrication facility located in the City of Coatesville, bringing dozens of much need jobs to the City and helping to stabilize the City’s economic future.

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