| Program Type/Use |
Area |
Name |
Eligibility |
Minimum Amount |
Maximum Amount |
Uses |
Terms/Conditions |
|
|
| industrial, small-business |
allentown |
Allentown Development Company (ADCO) Loan |
Small Businesses or Non-Profits who start-up or expand goods and services to low and modererate income census tracts. |
$0 |
$50,000 |
Land and building acquisition, building construction and renovation, machinery and equipment, inventory and working capital. |
ADCO board determines rate and conditions of financing on individual basis |
|
|
| industrial, small-business |
allentown |
Enterprise Zone Loan |
Businesses located within the Enterprise Zone. Recipients must create and/or retain jobs that will provide employment for enterprise zone residents and/or otherwise provide tangible benefits to the zone to increase overall economic activity and/or enhance economic environment within the zone. |
$10000 |
$100000 |
Improvements to the real estate including leashold improvements, equipment purchases, working capital |
3 - 10 years, depending on asset life or lease term. 5.25% - 8% depending on creditworthiness, collateral required. |
|
|
| industrial, retail, service, office |
allentown |
Rising Tide Community Development Loan Fund |
Micro-business loans to low-moderate income individuals who want to start or expand a business or to businesses located in low income census tracts in Allentown |
$0 |
$25000 |
Working capital, equipment, marketing, leasehold improvements and inventory |
Competitive rates and terms. Managed by Community Action Development of Allentown |
|
|
| industrial, retail, service, office, small-business, brownfields |
allentown |
Allentown Economic Development Loan |
Any commercial, industrial or mixed-use property located in the City of Allentown that will undergo physical, systems, and/or equipment improvements or additions/new construction of not less than $100,000 |
$10,000 or 10% of total project |
$50,000 |
Physical Improvements, Equipment, Acquisition |
0% interest for 5 yrs - please speak with City representative about additional eligible terms |
|
|
| brownfields |
regional |
EPA Brownfields Clean up Revolving Loan Fund |
Property owners and Potential developers (who did not cause contamination at site) |
$ |
$ |
Remediation of hazardous substances, underutilized commerical, industrial or residential sites where contamination is hindering redevelopment. |
Low interest loans for clean up |
|
|
| industrial |
regional |
Enterprise Zone Tax Credits |
Businesses located within the Enterprise Zone. Project elgibility will be determined by State. |
$ |
$ |
Improvements to real estate located within the Enterprise Zone boundaries |
Determined by State |
|
|
| brownfields |
regional |
Industrial Sites Reuse Programs |
Public and private non-profit economic development entities and private companies involved in reuse of former industrial land. |
$0 |
$1000000 |
Phase I, II, and III environmental assessments. Remediation of hazardous substances. |
Interest rate of 2%, 5 years for assessments and 15 years for remediation projects, 25% match required |
|
|
| industrial, retail, service, office |
regional |
Business in Ours Sites |
Construction loans are available to private developers |
$0 |
$250000 |
Planning, engineering, environmental assessments and other pre-development activities needed to reuse site. |
Interest rate determined at time of approval. Repayment not to exceed 20 years. Term renegotiated upon sale or lease of property |
|
|
| brownfields |
regional |
EPA Brownfields Assessment Grant |
Property owners and potential developers (who did not cause contamination at site) |
$0 |
$300000 |
Phase I and II environmental assessments, underutilized commercial and industrial sites potentially contaminated with hazardous substances or petroleum products. Lehigh and Northampton counties. |
Program funded through Lehigh Valleh Land Recycling Initiative (LVLRI) and LVEDC |
|
|
| brownfields |
regional |
EPA Brownfields Clean up revolving loan fund |
Property owners and potential developers (who did not cause contamination at site). |
$0 |
$1000000 |
Remediation of hazardous substances, underutilized commercial, industrial or residential sites where contamination is hindering redevelopment. |
Low or no-interest loans for clean up. Up to 40% of capitilization funding for clean up subgrants at sites owned by subgrantees. 20% match required. |
|
|
| brownfields |
regional |
EPA Site Specific Clean up Program |
Public and non-profit entities who own a brownfield and will conduct clean up work |
$0 |
$200000 |
Remediation of hazardous substances, underutilized commercial, industrial or residential sites where contaminiation is hindering redevelopment. |
Availability depends on Federal appropriations, annual applications due in late fall each year, 20% match required. |
|
|
| brownfields |
regional |
Underground Storage Tank Upgrade Loan |
Business owners of requlated underground storage tanks. |
$0 |
$500000 |
Tank removal or closure if replacing tanks, including upgrade of existing tanks, leak detection devices, cost of new tanks, piping engineering design and permitting costs associated with upgrading and all construction and installation costs directly associated with upgrading. |
Rate pegged to 5-yr Treasure Note: up to 10-yr ter, 25% match required |
|
|
| industrial, retail, service, office |
regional |
Regional Loan Pool |
Firms looking to locate or expand exclusively within the cities of Easton, Bethlehem, and Allentown. Emergin growth companies, commercial/industrial real estate, business expansion and retention, entrepreneurial. |
$100000 |
$2000000 |
Land and building acquisition, building renovation or rehabilitation, machinery and equipment |
Finances up to 40% of project costs, minimum 20% equity investment required, interest rate is flexible, loan terms not designed to provide permanent long-term financing. |
|
|
| industrial, office |
regional |
Pennsylvania Industrial Development Authority (PIDA) |
Manufacturing, industrial, researcha dn development, agricultural processors, fimrs establishing a national or regional headquarter, computer/clerical operation centers |
$0 |
$2000000 |
Land and building acquisition, building construction and renovation, industrial park development, multi-tenant speculative building construction, acquisition and renovation. |
4% interest rate, depending upon local unemployment rate and location, up to 15-yr term on land and buildings, no less than 2nd mortgage on financed assets, $35,000 cost per job created or retained |
|
|
| industrial, service |
regional |
Machinery and Equipment Loan Fund (MELF) |
Manufacturing, industrial, agricultural processors, direct mining operations, hospitals |
$0 |
$500000 |
Machiner and equipment acquisition and upgrading, engineering and installation costs directly related to operations or processes, hospitals to purchase and install FDA-required pharmaceutical management equipment. |
Interes rates as low as 4%, up to 7-yr term depending upon the useful life of machinery financed, private-sector match required, $25,000 cost per job retained or created, project must be directly related to the manufacturing process. |
|
|
| industrial, service, small-business |
regional |
Small Business First (SBF) |
Small business (100 employees or less): manufacturing and industrial, construction, agricultural processors, mining enterprises, export-related, advanced technology and computer-related services, hotels, motels, or restaurants, child day care |
$0 |
$200000 |
Land and building acquisition and construction, machinery adn equipment purchases and upgrades, working captial, environmental compliance, municipal or commercial recycling, defense conversion |
4% interest rate, $25,000 cost per job retained or created, 15-yr land an building, 10-yr machinery and equipment, 3-yr working capital |
|
|
| industrial, small-business |
regional |
Export Finance Program (EFP) |
Small businesses (250 employees or less) exporting goods or services internationally. |
$0 |
$350000 |
Working capital financing, accounts receivable financing |
Working capital loans: up to 12-month term, interest rate is prime rate plus 1% per annum, accounts receivable loans: up to 6-month, interest rate is 1.5% per month |
|
|
| industrial, service |
regional |
Pennsylvania Minority Business Development Authority (PMBDA) |
Business owned and operated by ethnic minorities |
$0 |
$750000 |
Land and building acquisition, building construction and renovation, machinery and equipment acquisition and installation, working capital |
50% or prime rate, but not less than 4%, up to 15-yr term for land and buildings, up to 10-yr term for machinery and equipment, up to 3-yr term for working capital, 25% private-sector match required, may subordinate lien posiiton, disbursement at closing, $15,000 cost per job created |
|
|
| industrial, service |
regional |
Pennsylvania Economic Development Financing Authority (PEDFA) (IOA) Tax Exempt Bond Program |
Manufacturing, non-profit, energy, solid waste disposal, transportation facilities, assisted living/housing |
$40000 |
$10000000 |
Land and building acquisition, building renovation and new construction, machiner and equipment acquisition and installation, designed infrastructure, tax-exempt bond financing refunding |
85% prime interest rate, weekly variable interest rate tied to market for tax exempt bonds, up to 30-yr term |
|
|
| industrial, service, small-business |
regional |
Pennsylvania Economic Development Financing Authority (PEDFA) (IDA) Taxable Bond Program |
All types of buinesses needing access to low-cost capital |
$400000 |
$ |
Land and building acquisiiton, building renovation and new construction, machinery and equipment acquisition and installation, designated infrastructure, refinancing, working capital |
95% - 100% prime interest rate, weekly variable interest rate tied to market for taxable bonds, term is based upon negotiated letter of credit, borrower generally must secure letter of credit from bank |
|
|
| industrial |
regional |
WedNet Guaranteed Training |
Manufacturing or technology-based other than point of sale/retail |
$0 |
$100000 |
Basic and entry level training, informaiton technology |
Company is based in PA or has significant presence in state, offers participating employees at least 150% of current minimum wage, excluding benefits, must be PA resident. |
|
|
| industrial, service, office |
regional |
Customized Job Training (CJT) |
Manufacturing, industrial, agricultural enterprises, research and development, advanced technology, business service firms (no point of sale/retail) |
$ |
$ |
Instructional costs, supplies, consumable materials, contracted services, relevant travel costs for local education agency project coordinators. |
Must be actual training, trainees must be PA residents and be employed in PA, participating employees must earn more than 150% of minimum wage |
|
|
| industrial, office, brownfields |
regional |
Opportunity Grant Program |
Firms or IDCs and minicipalities on behalf of firms, that will create or preserve a significant number of jobs within the Commonwealth. Manufacturing, industrial, R&D, agricultural, processors, export services, firms establishing a national or regional headquarters. |
$ |
$ |
Machinery and equipment, working capital, job taining, infrastructure, land and building improvements, environmental assessment and remediation, acquisition of land buildings and right-of-ways, site preparation, demoliton and clearance |
Project must offer substantial economic impact either for the Commonwealth as a whole or for the locality of region in which the company will locate or expand its current operations. 4:1 private match required, job creation/preservation requirements |
|
|
| industrial, office |
regional |
Infrastructure Development Program (IDP) |
Municipalities, industrial development authorities and corporations, municipal athorities, redevelopment authorities and local development districts may apply for IDP assistance for themselves or on behalf of eligible provate companies and developer engaged in: agriculture, industrial, manufacturing, R&D, export. |
$0 |
$1250000 |
Transportation facilities, airports, clearing and preparation of land and environmental remediation, water and sewer systems, energy facilities, parking facilities, storm sewers, bridges, waterways, rail facilities, port facilities, at former industrial sites ONLY: land and building acquisition, construction and renovation by private developers. |
Grand for public infrastructure, loans to private businesses at 3% interest rate, up to 15-yr term, 2:1 private match required, $25,000 cost per job to be created within 5 years or 10 new full-time equivalent jobs (whichever is greater) |
|
|
| industrial, retail, office, small-business |
regional |
SBA 504 Certified Business Development Company |
For profit owner occupied industrial, manufacturing, commercial, or retail businesses |
$0 |
$4000000 |
Land and building acquisition, construction or renovation, major machinery and equipement |
Intert rate: negotiated basis points above 5-yr and 10-yr US Treasury bonds fixed at date of debenture sale for the term of the loan, job creation 1 job created for every $50,000 of SBA amount ($100,000 for manufacturing). 20 years - land and equipment. 10-years - machinery and equipment. |
|
|