Tri-District Loan Program

ELIGIBILTY Type of businessEligible businesses include for-profit businesses (individual proprietorships, partnerships or corporations). Emphasis is placed on manufacturing and industrial business. Maximum Loan Amount$200,000 or 50% of a project, whichever is less. Use of Loan ProceedsLand and building acquisitionBuilding construction or renovationMachinery and equipmentWorking bapital LOAN PROGRAM FEATURES Interest RateThe current interest rate is fixed...

ELIGIBILTY

Type of business
Eligible businesses include for-profit businesses (individual proprietorships, partnerships or corporations). Emphasis is placed on manufacturing and industrial business.
Maximum Loan Amount
$200,000 or 50% of a project, whichever is less.
Use of Loan Proceeds
Land and building acquisition
Building construction or renovation
Machinery and equipment
Working bapital

LOAN PROGRAM FEATURES

Interest Rate
The current interest rate is fixed at 3.5% for the term of the loan.
Repayment Schedule
Real estate up to 15 years
Machinery and equipment up to 7 years
Working Capital up to 3 years

LOAN PROGRAM REQUIREMENTS

Job Creation
One permanent job must be created or retained per $50,000 NEPA dollars loaned within 3 years from the loan closing date.
Location
The project must be located within the Northeastern Pennsylvania counties of Carbon, Lackawanna, Luzerne, Monroe, Schuylkill and Wayne.