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Eligible Real Estate Costs	Land & Building: May include, but is not limited to acquisition, construction, renovation, site preparation, engineering, architectural, testing, utilities, site mapping, legal and other related costs.
Loan Amount	50% of the eligible total project costs up to $2,000,000 or $2,250,000 for special designated zones as defined in the PIDA Guidelines.
Eligible Match	A loan made from the PIDA Fund must be matched by other eligible Real Estate costs.
Term	Up to 15-yrs. (straight amortization) or 10-yr. term with a 20-yr. amortization.
Collateral	A loan made from the PIDA Fund must be secured by no less than a second or participating second mortgage on the project premises.
Jobs	$35,000 per job retained / $50,000 per job created.
*Additional Info	The PIDA Fund is utilized for real estate projects where the loan amount is greater than $400,000 or the eligible operating entity has more than 100 full-time employees worldwide.

50% of the eligible total project costs up to $2,250,000 when the PIDA loan is secured by a first or participating first mortgage on the project premises.
40% of the eligible total project costs up to $2,250,000 when the PIDA loan is secured by a second or participating second mortgage on the project premises.
One tenant cannot occupy more than 80% of the building’s total square footage.
No more than 15% of the building’s total square footage can be occupied by an ineligible tenant.

Involving the acquisition and development of land for eventual sale to eligible enterprise types as indicated above.

75% of the eligible total project costs up to $2,250,000 and the loan must be secured by a first or participating first mortgage on the project premises.
Multi-Tenant and Industrial Park projects are exempt from job requirements.
Typically, a feasibility study is required when the project is speculative in nature. Please consult with PIDA if requesting a waiver of this policy.