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Loan Amount

Eligible Businesses

Interest Rate

Term & Uses

Job Requirement

SBA 504 Loan

Maximum of $5,000,000; $5,500,000 for manufacturers

-For profit businesses

-Net worth < $15 million

-Net income < $5 million

Trends
with US Treasury
Notes

Rate is
fixed for
the term

-Other fixed assets

-20 years or 10 years

At least 1 job retained or created for every $65,000 borrowed ($100,000 for manufacturers)

Pennsylvania Industrial Development Authority

(PIDA)

30% - 70% of
eligible costs,
depending on
location & co.
size

Maximum of
$2,000,000

($2,250,000

for EZ, KOZ,
Brownfields)

-Manufacturing/Industrial

-Research & development

-Computer Op Centers

-National/Regional headquarters

2.0%-3.0%
fixed for
the term

-Construction

-Renovation

-15 year term

At least 1 job retained or created for every $35,000 borrowed

Small Business First

(SBF)

Up to 50% of
eligible costs

Maximum of
$200,000 for
fixed assets

Maximum of
$100,000 for
working capital

-Agricultural/Tourism

-Manufacturing/Industrial

-Hospitality

-Recycling

-Software & network development

-Child day care

-Construction enterprise

-Research & development

SBF- 3.0%

SBF First Industries 3.0%
fixed for
the term

-Up to 10 years for machinery & equipment

-Up to 3 years for working capital

At least 1 job retained or created for every $25,000 borrowed

Enterprise Zone Loan

(EZLF)

Up to 30% of
eligible costs

Maximum of
$500,000

-Located in or moving to Tech Corridor or Perry County Enterprise Zones

-Manufacturing

-Industrial

-Technology

2.75%

to

3.25%

fixed
for
the term

-Up to 10 years for machinery & equipment

At least 1 job retained or created for every $30,000 borrowed

-Businesses owned by socially or economically disadvantaged residents of PA such as African Americans, Hispanic Americans, Asian Americans, or Native Americans

At least 1 job retained or created for every $15,000 borrowed

Community Economic Development Loan

(CED)

Up to 50% of
eligible costs

Maximum of
$100,000

-Business-to-Public Service

-Mercantile

-Commercial

-Point of Sale Retail

-Must be located in eligible municipality

2.00%
fixed for
the term

-Land/Building

-Machinery & Equipment

-Working Capital

-Terms vary

Must at least retain jobs in place at time of application, other requirements may apply

Loan Program Matrix as of 10/11/2011
Rates subjest to change without notice.
To find out more about CREDC's Loan Programs, please contact Eric Fischer, Business Finance Officer
3211 North Front Street, Harrisburg, PA 17110
717-213-5042
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