SEDA-COG Local Development Corporation recently assisted Beaver Valley Country Store, LLC with an SBA 504 loan for the purchase of Saylor’s Market on Route 522 in Beaver Springs, Snyder County. The proud new owners of the store are Steve Witmer, Aaron Witmer, Rick Maloyed, and John Anthony.
SEDA-COG Local Development Corporation partnered with Mifflinburg Bank & Trust Company on this project. The SBA 504 loan program offered the borrower a 25-year low interest fixed rate loan for 35% of the total financing need.
John Reichard, SEDA-COG Business Relationship Manager and Tina Showers, SEDA-COG Principal Program Analyst worked with the four partners and Amber Gabrielson, Commercial Lender at the Selinsgrove Branch of Mifflinburg Bank and Trust Company, to bring this financing package to fruition.
Rick Maloyed said they couldn’t have done this without Mifflinburg Bank & Trust and SEDA-COG. “We felt like we had a great team going into the project and both Mifflinburg Bank & Trust and SEDA-COG were very helpful in guiding us through this process.”
Beaver Valley Country Store will be offering new products in the future. They now have a bakery, which offers donuts, pies, full, half, and quarter sheet cakes as well as round cakes and cupcakes that can be custom made for any occasion. They also offer fresh produce, meats, frozen foods, a deli, and other various items. You can like and check out their Facebook page: https://www.facebook.com/beavervalleycountrystore for weekly flyers and events at the store.
For more information about SEDA-COG’s loans, please contact John Reichard at firstname.lastname@example.org or Mike Morrison at email@example.com.
As a community and economic development agency, SEDA-COG enhances the quality of life and economic advantage for residents and businesses in 11 central Pennsylvania counties through its vital partnerships and initiatives. SEDA-COG also is an advocate for the interests of its communities at the state and federal levels. For more information, visit www.seda-cog.org.
Mifflinburg Bank & Trust Company is a full-service commercial bank servicing customers from eight locations in Mifflinburg, New Berlin, Lewisburg, Selinsgrove, Shamokin Dam, Millheim and Milton. The bank has 15 ATMs in Union, Snyder, Northumberland and Centre counties, and, as a member of Moneypass®, customers have access to over 37,000 ATMs nationwide. For more information on Mifflinburg Bank & Trust, visit mbtc.com.