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.
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).
Land & Building – acquisition, construction or renovation.
30 to 60 percent of eligible project costs. Minimum = $100,000. = up to $5.5 million or more.
As low as 2 percent via Pennsylvania programs. SBA 4.50 percent Some programs at Market Rate.
15 to 20 years, in some cases will not exceed term of first mortgage.
Create/retain one job per $15,000 to $65,000.
Subordinate lien position possible, 10 to 20 percent equity required.
LVEDC provides access through our local, state and federal partners to numerous low-interest loan programs available to promote business expansion in the Lehigh Valley. Below are the current rates for some of the programs we administer. To learn more on how they can benefit your business, tell us more about your project.