LVEDC administers many different federal, state, and local financing programs, part of what we do is identify the appropriate business loan programs for your project. We are experts in connecting these resources for your benefit. Our staff will provide detailed information on business loan programs and will work directly with you to develop the most favorable beneficial incentive package.
Manufacturing, agricultural, industrial, commercial or retail businesses and most minority-owned and operated businesses.
Acquisition of New / Used Equipment that is directly related to core business operations.
Support equipment (computers, IT equip., telecommunications, office furniture etc.) generally not eligible.
35 to 50 percent of eligible project costs.
Minimum = $50,000. Maximum = $5.5 million or more.
As low as 3 percent via Pennsylvania programs. SBA is 4.25 percent
Some programs are at Market Rate.
Seven to 10 years will not exceed useful life of the asset.
Create/retain one job per $15,000 to $65,000.
Subordinate lien position is possible: 10 percent equity is usually required.