Lenders › South Eastern Economic Development Company of Pennsylvania
504 CDCExton, Pennsylvaniacertified development company52nd of 182 by approvals
South Eastern Economic Development Company of Pennsylvania
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
South Eastern Economic Development Company of Pennsylvania, based in Exton, Pennsylvania, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 177 of its 504 loans worth $168M in FY2021 to FY2025, which places it 52nd of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 36 approvals totalling $41.2M, up 80% on FY2024 (20). FY2026 to 30 Jun 2026 adds 19 more.
The median approval was $642K, against $657K for the 504 program as a whole; 1.7% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 23 counties, led by Pennsylvania (97.7%), Delaware (1.7%) and New Jersey (0.6%). The largest industry group was accommodation and food services at 16.9% of approvals, and 11.3% of approvals were to franchise businesses.
Of 302 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (3.3%), 149 as paid in full and 143 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 19 | $25.2M | $790K | $1.3M | 279 |
| FY2025 | 36 | $41.2M | $792K | $1.1M | 516 |
| FY2024 | 20 | $19.1M | $521K | $953K | 293 |
| FY2023 | 29 | $23.2M | $600K | $800K | 368 |
| FY2022 | 46 | $41.2M | $635K | $896K | 496 |
| FY2021 | 46 | $43.5M | $630K | $945K | 478 |
| FY2020 | 28 | $28.0M | $536K | $998K | 276 |
| FY2019 | 19 | $17.5M | $397K | $923K | 114 |
| FY2018 | 13 | $12.8M | $447K | $988K | 108 |
| FY2017 | 13 | $16.0M | $761K | $1.2M | 245 |
| FY2016 | 22 | $18.6M | $635K | $845K | 202 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 95 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Pennsylvania | 504 program |
|---|---|---|---|
| Approvals in these years | 345 | 1,387 | 85,591 |
| Cancelled or never disbursed | 43 | 236 | 12,514 |
| Disbursed loans | 302 | 1,151 | 73,077 |
| Paid in full | 149 | 457 | 35,491 |
| Charged off | 10 | 37 | 905 |
| Still outstanding (status exempt from disclosure) | 143 | 657 | 36,681 |
| Charged off, share of disbursed loans | 3.3% | 3.2% | 1.2% |
| Dollars charged off, share of disbursed dollars | 1.4% | 1.9% | 0.9% |
| Dollars charged off | $3.7M | $17.3M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 38 | 7 | 0 | 0.0% | 0.1% |
| FY2020 | 26 | 3 | 0 | — | 0.1% |
| FY2019 | 16 | 3 | 0 | — | 0.3% |
| FY2018 | 9 | 4 | 0 | — | 0.4% |
| FY2017 | 12 | 5 | 0 | — | 0.8% |
| FY2016 | 19 | 6 | 0 | — | 1.0% |
| FY2015 | 10 | 5 | 0 | — | 1.2% |
| FY2014 | 14 | 10 | 0 | — | 1.3% |
| FY2013 | 22 | 12 | 0 | — | 1.4% |
| FY2012 | 45 | 33 | 0 | 0.0% | 2.0% |
| FY2011 | 40 | 22 | 6 | 15.0% | 2.1% |
| FY2010 | 51 | 39 | 4 | 7.8% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $642K | $657K |
| Average approval | $950K | $1.0M |
| Approvals of $150,000 or less | 1.7% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 7.9% | 14.4% |
| Approvals to franchise businesses | 11.3% | 9.0% |
| Jobs supported per approval, as reported | 12.2 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 3.3% | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 173 | $161M | 97.7% | |
| 2 | Delaware | 3 | $6.8M | 1.7% | |
| 3 | New Jersey | 1 | — | 0.6% |
In Pennsylvania the lender accounts for 23.5% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (23 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Chester County, PA | 35 | $30.3M | 19.8% | |
| 2 | Berks County, PA | 31 | $28.1M | 17.5% | |
| 3 | Montgomery County, PA | 25 | $21.4M | 14.1% | |
| 4 | Delaware County, PA | 12 | $11.2M | 6.8% | |
| 5 | Bucks County, PA | 12 | $6.6M | 6.8% | |
| 6 | Philadelphia County, PA | 10 | $9.4M | 5.6% | |
| 7 | Cumberland County, PA | 9 | $14.0M | 5.1% | |
| 8 | Lehigh County, PA | 9 | $5.2M | 5.1% | |
| 9 | Lancaster County, PA | 8 | $7.2M | 4.5% | |
| 10 | Dauphin County, PA | 5 | $4.3M | 2.8% | |
| 11 | New Castle County, DE | 3 | $6.8M | 1.7% | |
| 12 | Blair County, PA | 3 | $3.6M | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 30 | 16.9% | |
| 2 | Health Care and Social Assistance | 25 | 14.1% | |
| 3 | Professional, Scientific, and Technical Services | 22 | 12.4% | |
| 4 | Manufacturing | 19 | 10.7% | |
| 5 | Retail Trade | 18 | 10.2% | |
| 6 | Other Services (except Public Administration) | 14 | 7.9% | |
| 7 | Construction | 12 | 6.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 7 | 4.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 10.2% | |
| 2 | Traveler AccommodationNAICS 7211 | 11 | 6.2% | |
| 3 | Child Day Care ServicesNAICS 6244 | 9 | 5.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 7 | 4.0% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 3.4% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 6 | 3.4% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 6 | 3.4% | |
| 8 | Individual and Family ServicesNAICS 6241 | 6 | 3.4% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 2.8% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 2.3% |
Approval sizes
- $50,001 to $150,0001.7%3
- $150,001 to $350,00022.0%39
- $350,001 to $1 million46.9%83
- $1 million to $2 million19.2%34
- Over $2 million10.2%18
Loan terms
- Over 5 to 10 years1.7%3
- Over 10 to 20 years4.5%8
- Over 20 years93.8%166
Age of the businesses
- Existing, more than 2 years old86.4%153
- New business, 2 years or less2.3%4
- Startup, loan funds will open the business5.6%10
- Change of ownership5.6%10
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 161 | 91.0% | |
| 2 | 504 Refinancing Program | 16 | 9.0% |
Franchise share
20 of 177 approvals in FY2021–FY2025 (11.3%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Comfort Inn | 2 | 1.1% | |
| 2 | The Goddard School | 2 | 1.1% | |
| 3 | Wendy's | 2 | 1.1% | |
| 4 | Monarch Capitol Group, Inc. | 1 | 0.6% | |
| 5 | Courtyard by Marriott | 1 | 0.6% | |
| 6 | Save-A-Lot Food Stores- License & Supply Agreement | 1 | 0.6% | |
| 7 | Primrose Schools | 1 | 0.6% | |
| 8 | Red Roof Inn | 1 | 0.6% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Wilmington Savings Fund Society FSB | 20 | 11.3% | |
| 2 | QNB Bank | 14 | 7.9% | |
| 3 | Tompkins Community Bank | 12 | 6.8% | |
| 4 | Meridian Bank | 10 | 5.6% | |
| 5 | Fulton Bank, National Association | 10 | 5.6% | |
| 6 | Peoples Security Bank and Trust Company | 10 | 5.6% | |
| 7 | Manufacturers and Traders Trust Company | 9 | 5.1% | |
| 8 | Univest Bank and Trust Co | 8 | 4.5% | |
| 9 | Mid Penn Bank | 7 | 4.0% | |
| 10 | Customers Bank | 6 | 3.4% |
Questions and answers
How many SBA loans does South Eastern Economic Development Company of Pennsylvania make?
SBA approved 36 504 loans through South Eastern Economic Development Company of Pennsylvania in FY2025, worth $41.2M, and 177 over FY2021 to FY2025. That ranks 52nd of 182 active CDCs by number of approvals.
How large are South Eastern Economic Development Company of Pennsylvania's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $642K and the average $950K. The program-wide median was $657K.
What is South Eastern Economic Development Company of Pennsylvania's charge-off rate?
Of 302 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (3.3%), 149 as paid in full and 143 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does South Eastern Economic Development Company of Pennsylvania lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (18); traveler accommodation (11); child day care services (9); offices of other health practitioners (7).
Where does South Eastern Economic Development Company of Pennsylvania make SBA loans?
In 3 states and territories. Pennsylvania 173, Delaware 3, New Jersey 1. In Pennsylvania it accounts for 23.5% of all 504 approvals.
Is South Eastern Economic Development Company of Pennsylvania's SBA lending rising?
Approvals in the three latest complete fiscal years total 85, against 120 in the three before: falling (-29%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error