Lehigh Valley Economic Development Corporation

Financings

Benefits to the Banks

LVEDC’s financial programs offer numerous benefits to banks. They include:
  • Mitigation of credit risk by a subordinated lien position
  • Improved Loan-to-Value (LTV) for the bank
  • Management of overall lending limits as the bank can entertain larger loans and/or limit exposure to a certain industry/borrower
  • Bank potentially has a better relationship with borrower by providing a more favorable blended rate
  • Our programs generate fee income that is reinvested in community economic development to benefit our local bank’s clients

LVEDC Loans & Interest Rates

Details Here

Type Rate Date
PIDA 2.25% 5/21/15
SBA 504 4.850% (20 years) 4.374% (10 years) 5/21/15
PIDA: SBFF 3% 5/21/15
PIDA: MELF 3% 5/21/15