NEPA Rural Development Micro Loan Program

Funding Details: Type of Business Entrepreneurs, business start-ups and existing small businesses with less than 25 employees in areas with a population of less than 5,000. Loan Amount The maximum amount of funds from this program is $35,000 or 80% of a project, whichever is less, depending on availability of funds. Repayment Terms Machinery and...

Funding Details:

Type of Business Entrepreneurs, business start-ups and existing small businesses with less than 25 employees in areas with a population of less than 5,000.
Loan Amount The maximum amount of funds from this program is $35,000 or 80% of a project, whichever is less, depending on availability of funds.
Repayment Terms
  • Machinery and equipment 3-5 years
  • Working capital 2-3 years
  • Construction/renovation/acquisition 5 years
Use of Loan Proceeds
  • Purchase of machinery and equipment as well as associated delivery and installation costs
  • Working capital
  • Construction/renovation/acquistion of real property
Jobs Borrowers are required to establish/retain one new job for every $35,000 in loan assistance in business start-up situations; self-employment is included with this job requirement.
*Additional Info The project must be located within the six Northeastern Pennsylvania counties of Carbon, Lackawanna, Luzerne, Monroe, Schuylkill and Wayne.