South Eastern Economic Development Company of Pennsylvania: SBA Lending Record
What SBA's own loan files show about South Eastern Economic Development Company of Pennsylvania as an SBA lender, and how a lender's record bears on a feasibility study.
South Eastern Economic Development Company of Pennsylvania in SBA data
South Eastern Economic Development Company of Pennsylvania, a certified development company with PA as its listed state, has 278 loans in the FY2017 to FY2026 data, with $282.2 million in gross approvals. Every loan is SBA 504, and no SBA 7(a) loan is attached. On a 504 loan South Eastern Economic Development Company of Pennsylvania is South Eastern Economic Development Company of Pennsylvania of record, and the first-lien lender is recorded as free text and gets no credit. SBA backs those 278 loans with its guarantee, and the page describes holdings only.
One state, mostly unclassified
Pennsylvania accounts for 273 loans. Of the 278, 193 have no named class. Full-service restaurants top the rest, at 19, hotels and motels have 16, child care 11, the fitness center 6 and the limited-service restaurant 5.
Outcomes in SBA data
Take the FY2017 through FY2024 approvals. 11.2% is the cancellation floor. 15.9% is the ceiling if undisbursed loans count. Disbursed FY2017 through FY2021: 101 loans. Charge-off floor at present: 0.00%. Within five years of approval: 0.00%. Both rates cover 101 loans that may yet fail.
Reading a 504 record
A 504 financing has a first-lien loan beside the development company's portion, so a study should lay out the full capital stack, the borrower's equity and the cash flow that must serve both layers. For a hotel, 16 loans in the file, test room revenue, cost per room and the renovation reserve. For child care, test licensed capacity and staffing ratios. For a restaurant, test sales per seat and occupancy cost. With 193 loans unclassified, other property types lean on their own evidence, and a project outside Pennsylvania should explain why this record bears on it. Allow for the delay that cancelled approvals imply.
Limits of the file
The file is 278 loans and $282.2 million, all in the 504 program and nearly all in Pennsylvania. The zero charge-off floors rest on 101 loans that were still open, so they are not a promise. The class table covers a minority, since 193 loans are unclassified. Read the page as a snapshot of one development company's holdings; it should not expect it to settle any question about their own project.
SBA loans held by South Eastern Economic Development Company of Pennsylvania
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 278 |
|---|---|
| Gross dollars approved | $282.2 million |
| SBA 7(a) loans | 0 |
| SBA 504 loans | 278 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.2% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 15.9% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 0.00% |
| Charged off within five years of approval | 0.00% |
| Loans in that cohort | 101 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 193 |
| Full-service restaurant | 19 |
| Hotel and motel | 16 |
| Child care center | 11 |
| Fitness center | 6 |
| Limited-service restaurant | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Pennsylvania | 273 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-cdc-0188297.
Related feasibility study pages
- SBA Lender Feasibility Study Data
- Feasibility studies for SBA 7(a) and 504 loans
- First Commonwealth Bank: SBA Lending Record
- First National Bank of Pennsylvania: SBA Lending Record
- Fulton Bank, National Association: SBA Lending Record
- Northwest Bank (PA): SBA Lending Record
- Customers Bank: SBA Lending Record
- Meridian Bank: SBA Lending Record
- Mid Penn Bank: SBA Lending Record
- Firstrust Savings Bank: SBA Lending Record
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