PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY (PIDA)

PIDA is a long-term, low interest business loan, which was established to apply to firms which are engaged in manufacturing or industrial enterprises.  PIDA loans may be acquired for land and buildings with qualified businesses receiving up to $1.2 million at 3.00%

MACHINERY AND EQUIPMENT LOAN FUND

This fund targets needs of manufacturing and industrial facilities, agricultural processors, and mining operations making the loan applicable for purchasing machinery and equipment, upgrading, and feasibility assessments.  Qualified businesses can receive up to $500,000 at 3.00%.

SMALL BUSINESS FIRST

This program offers low-interest loans to businesses for capital development projects, which will result in long-term net new employment opportunities.  The program has been expanded to provide assistance to manufacturers of apparel products, and assistance to small business enterprises, which are entering or increasing their penetration of foreign export markets.

INFRASTRUCTURE DEVELOPMENT FUND

Provides grants and loans to businesses who are investing in specific infrastructure improvements, needed to accompany industrial investment by private companies which include energy facilities, fire and safety facilities, sewer and water systems, transportation and waste disposal facilities.  These funds are allocated to local sponsors; eligibility applies to private businesses including agricultural, industrial, manufacturing, research and development enterprises.

PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PEDFA)

PEDFA supplies both tax-exempt and taxable pooled bond issues for loans to industrial and commercial development authorities.  These loans apply to economic development projects including manufacturing, industrial, commercial, industrial enterprises, specialized facilities, pollution control and other exempt purposes.  PEDFA fills a financing gap for the above tax exempt small issues brought about by the Tax Reform Act of 1986 and offers competitive rates for these taxable bond issues.

JEFFERSON COUNTY DEVELOPMENT COUNCIL, INC. REVOLVING LOAN FUNDS

Local industrial development corporations have revolving loan funds to support job creations.  Eligible businesses may receive up to $100,000 at 4.00%.  Eligible uses of funds include land and building acquisition, machinery/equipment, and working capital.  This is an Equal Opportunity Program.  Discrimination is prohibited by Federal Law.  Complaints of discrimination may be files with the Secretary of Agriculture, Washington, D.C. 20250.  Information about this program is also available to the hearing impaired by calling 1-800-654-5984.

*Additional information on all state financing programs can be found at http://www.inventpa.com.