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Local financial programs may be available for new, expanding, or renovating businesses within the City limits. Contact the City of Allentown’s Business Development Department to help identify and customize a financial package for your business. The combination of public funds might help improve cash flow, provide loans to small businesses, or offer lower equity requirements.

PMBDA Loan Recipient
Vendetta Hines, PMBDA Loan Recipient, stands outside the former manufacturing facility in South Allentown that she purchased to operate her business. (Source: Stay Calm Industries)

  1. Allentown Economic Development Loan Fund – Allentown City offers low interest rate (1-3%) flexible loans available to commercial, industrial, and mixed use properties located within the City of Allentown. Loan funds may range between $50,000 and $100,000 depending on project size. In order to apply, a project budget must be minimally $100,000; job creation and/or retention must occur; and 10% equity is required. All other sources of funding must be identified and client must be working on securing funding. Work with an economic development professional to help leverage your investment with other public funding programs for job creation projects. For additional information, click here.
  2. Enterprise Zone Revolving Loan Fund – AEDC provides economic development lending assistance through a number of local funds. Companies are eligible to apply for up to $100,000 loans for equipment, real estate purchases/improvements, and in special cases, up to 40% of inventory or working capital. AEDC will competitively finance up to 75% of eligible project costs for terms ranging from one to 10 years. Job creation and retention is an essential component of these loan funds. For additional information, click here.
  3. Pennsylvania Minority Business Development Authority – Loan funds are available for minority owned businesses (51% or more) as defined by program guidelines. Loans amounts range from $20,000 to $50,000 up to 75% of eligible project costs. Eligible uses include real estate improvements or construction, machinery/equipment purchases, and working capital. Terms and conditions vary based on credit worthiness of applicant.
  4. Allentown Development Company Loan Program (“ADCO”) – Loans ranging from $10,000 to $75,000 may be available to eligible Allentown businesses for land acquisition, construction, equipment or working capital. Aspiring loan candidates must be meeting the following criteria: (1) creating or improving job opportunities for low and moderate-income people in economically distressed areas; or (2) projects for the construction or rehabilitation of ancillary local commercial facilities necessary to provide goods or services principally to persons residing in low or moderate-income areas. Contact John Kingsley at the Lehigh Valley Economic Development Corporation for additional information (610) 266-0887.
  5. Rising Tide Loan Fund – Rising Tide was created to meet a need in the community for accessible financing options to business owners whose risk factors make it difficult to obtain funds from traditional lenders. RTCLF serves prospective, start-up, and established businesses in Lehigh and Northampton counties by providing a full range of one-to-one business counseling and micro-loans to business owners where resources and opportunities for growth are limited.
  6. Retail Mosaic – The Retail Mosaic is self-forgiving loan program that supports new retail business growth in Allentown. The Retail Mosaic will provide a financial award of up to $15,000 with the requirements that the business create a minimum of two low-moderate income jobs over the next three years. Businesses must remain in the City of Allentown for five years after receiving the loan.


Contact us to get started:

Daniel Diaz Dana Yurgosky
Business Development Manager Business Development Liaison