ARC Loan Program

Funding Details: Type of Business Eligible businesses include most operating-for-profit businesses (individual proprietorships, partnerships or corporations). Emphasis is placed on manufacturing and industrial businesses. Loan Amount $200,000 or 50% of a project, whichever is less. Working capital loans are limited to $100,000. Repayment Terms Real estate-up to 15 years Machinery and equipment-up to 7 years...

Funding Details:

Type of Business	Eligible businesses include most operating-for-profit businesses (individual proprietorships, partnerships or corporations). Emphasis is placed on manufacturing and industrial businesses.
Loan Amount	$200,000 or 50% of a project, whichever is less. Working capital loans are limited to $100,000.
Repayment Terms	Real estate-up to 15 years Machinery and equipment-up to 7 years Working capital up to 3 years
Use of Loan Proceeds	Land and building acquisition Building construction or renovation Machinery and equipment Working capital
Jobs	One permanent job must be created or retained per $50,000 NEPA dollars loaned within 3 years from the loan closing date.
*Additional Info	The business must be located within the seven Northeastern Pennsylvania counties of Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne.