This just in:

Lehigh Valley Economic Development Corporation

Financings

Benefits of LVEDC’s Financing Programs to Borrowers

LVEDC’s financial programs offer numerous benefits to borrowers. They include:
  • Long-term, fixed-rate low- cost financing (interest rates as low as 2 percent, terms generally from 10 to 20 years)
  • Reduced equity required by the borrower (as little as 10 percent)
  • Our Finance Department will guide you through the application process and answer your questions throughout the process.
  • Our programs generate fee income that is reinvested in community economic development, benefiting all businesses in the Lehigh Valley.
  • We will help identify all financial resources available in the Lehigh Valley, whether we administer the program or not.

LVEDC Loans & Interest Rates

Details Here

Type Rate Date
PIDA 2.5% 7/3/14
SBA 504 5.07% (20 years) 7/3/14
SBFF 3.5% 7/3/14
MELF 3.5% 7/3/14