Lehigh Valley Economic Development Corporation

Financings

Real Estate Programs

LVEDC administers more than one dozen federal, state, and local financing programs. Our goal is to match borrowers with the best program and help them expertly navigate the application process. We are experts in bringing these resources together to maximize the benefit to you. Our staff will provide you with detailed information on the business loan programs that are applicable and will work directly with you to develop the most beneficial incentive package available.

For more information please contact:
Available Programs:
  • Pennsylvania Industrial Development Authority (PIDA)
  • Small Business First (SBF)
  • Pennsylvania Minority Business Development Authority (PMBDA)
  • Small Business First Community Economic Development Loans (CED)
  • Small Business Administration 504 Loan Program (SBA)
  • Pennsylvania Economic Development Financing Authority (PEDFA)
  • Allentown Development Company Loan Program (ADCO)
  • Lehigh Valley Loan Program (LVLP)
Type of Business:

Owner-occupied manufacturing, industrial, commercial or retail businesses and most minority-owned and operated businesses. Multiple occupancy possible with certain restrictions. Developers / builders may be eligible (w/ long term lease to eligible occupant).

Eligible Projects:

Land & Building – acquisition, construction or renovation.

Loan Limit:

30 to 60 percent of eligible project costs. Minimum = $100,000. = up to $5.5 million or more.

Maximum Term:

15 to 20 years, in some cases will not exceed term of first mortgage.

Job Requirement:

Create/retain one job per $15,000 to $65,000.

Other:

Subordinate lien position possible, 10 to 20 percent equity required.

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