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Area Loan Programs

City Programs


Name

Program Details

Eligible Users

Contact Information

-Bethlehem Small Business Loan Fund-

City of Bethlehem
Loan Funds: $25,000 - $100,000
1 FT job for each $35,000 borrowed
Owner investment required: 20-25%

Property, construction, renovation, predevelopment costs, machinery & equipment, working capital

The Rising Tide Community Loan Fund
Chris Hudock
484-893-1039
https://www.bethlehem-pa.gov/econdev

-Allentown Economic Development Loan Fund-

City of Allentown
Loan Funds: $50,000 - $100,000
Job creation/retention required
Owner investment required: 10%

Contact for eligible uses

City of Allentown Business Development
Bernadette DeBias
610-437-7739
http://www.allentownpa.gov/Work/Capital

-Allentown Enterprise Zone Revolving Loan Fund-

City of Allentown Enterprise Zones
Loan Funds: $10,000 - $100,000
Up to 75% of eligible project costs

Property, construction, renovation, machinery & equipment, equipment modernization, working capital

Allentown Economic Development Corporation
Anthony Durante
610-435-8890
http://allentownedc.com/economic-development/financing-incentives

-Allentown Development Company Loan Program (ADCO)-

City of Allentown
Loan Funds: $10,000 - $75,000
Job creation/retention required
Owner investment required: 10%

Property, construction, renovation, machinery & equipment, working capital

Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

-Whitehall Township Industrial & Community Development Authority Loan Pool-

Whitehall and Surrounding Areas

Property, construction, renovation, machinery & equipment, working capital

Whitehall Township Industrial & Community Development Authority
Howard Lieberman
484-245-4098
http://www.wticda.com/wticda_community_loan_pool.html

County Programs

Name

Program Details

Eligible Users

Contact Information

-Lehigh and Northampton Counties Revolving Loan Fund-

Lehigh and Northampton Counties
Loan Funds: $10,000 - $50,000
1 FT job for each $10,000 borrowed
Up to 33% of eligible project costs
Owner investment required: 10%

Property, construction, renovation, machinery & equipment, working capital

Lehigh and Northampton Counties Revolving Loan Fund
Christine Cleaver
610-758-5803
http://lncrlf.web.lehigh.edu/

-Northampton County Business Boost Revolving Loan Fund-

Northampton County
Loan Funds: $10,000 - $150,000
Up to 35% of eligible project costs

Property, construction, renovation, machinery & equipment, working capital

Northampton County Department of Community and Economic Development
Dave Hughes
610-559-3200 Ext 9
http://www.northamptoncounty.org

-Northampton County Economic Reinvestment Loan Program-

Northampton County
Loan Funds: $10,000 - $250,000
Up to 30% of eligible project costs

Property, construction, renovation, machinery & equipment, infrastructure improvements, development fees, and site preparation

Northampton County Department of Community and Economic Development
Dave Hughes
610-559-3200 Ext 9
http://www.northamptoncounty.org

-Lehigh Valley Loan Program-

Cities of Easton, Bethlehem, and Allentown

Property, site preparation, machinery & equipment, working capital

Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

-Bucks Rebuilt Loan Program-

Bucks County
Loan Funds: up to $500,000
Up to 40% of eligible project costs

Property, improvements, development of underutilized industrial properties

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Bucks Renewed Loan Program-

Bucks County
Loan Funds: up to $500,000
Up to 40% of eligible project costs

Renovations to downtown building or downtown revitalization

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Bucks Core Industry Loan-

Bucks County
Loan Funds: up to $400,000
1 FT job for each $35,000 borrowed

Property, site preparation, machinery & equipment, working capital

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Bucks Taste and Tour Loan-

Bucks County
Loan Funds: up to $35,000
Up to 80% of eligible project costs

Machinery & equipment, working capital, livestock, feed and seed, renovations

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Montco Opportunity Loan Program-

Montgomery County
Loan Funds: up to $250,000
1 FT job for each $50,000 borrowed

Property, machinery & equipment, working capital

Montgomery County
http://www.montcopa.org/index.aspx?NID=1713

Regional Microloan Programs

Name

Program Details

Eligible Users

Contact Information

-The Rising Tide Community Loan Fund-

Lehigh, Northampton, Bucks, and Montgomery Counties
Loan Funds: up to $35,000 - new
Loan Funds: up to $75,000 - existing

Property, machinery & equipment, inventory working capital

The Rising Tide Community Loan Fund
Chris Hudock
484-893-1039
https://www.bethlehem-pa.gov/econdev

-Community First Fund-

Lehigh, Northampton, and Montgomery Counties
Loan Funds: $50,000 - $500,000

Property, construction, renovation, machinery & equipment, working capital

Community First Fund
Jim Buerger
484-577-4824
http://www.commfirstfund.org/loans-training/loan-products

State/Federal Programs

Name

Program Details

Eligible Users

Contact Information

-SBA 504 Loan Program-

Lehigh and Northampton Counties
Bucks County
Montgomery County

Loan Funds: up to $1.5 million
1 FT job for each $65,000 borrowed
Up to 40% of eligible project costs
Owner investment required: 10%

Property, construction, renovation, major machinery & equipment

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

-PA Industrial Development Authority (PIDA)-

Lehigh and Northampton Counties
Bucks County

Loan Funds: up to $2 million
1 FT job for each $35,000 borrowed
Up to 60%-70% of eligible project costs

Property, construction, renovation

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

-Small Business First Fund-

Lehigh and Northampton Counties
Bucks County
Montgomery County

Loan Funds: up to $200,000
1 FT job for each $25,000 borrowed
Up to 50% of eligible project costs

Property, construction, machinery & equipment, working capital

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

Montgomery County:
Montgomery County Development Corporation
David Niles
610-272-5000
http://www.montcopa.org/index.aspx?NID=1713

-PA Minority Business Devleopment Authority (PMBDA)-

Lehigh and Northampton Counties
Bucks County

Loan Funds: up to $750,000
1 FT job for each $15,000 borrowed
Up to 75% of eligible project costs

Property, construction, renovation, machinery & equipment, working capital

Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

-PA Economic Development Financing Authority (PEDFA)-

Lehigh and Northampton Counties
Bucks County

Loan Funds: no less than $400,000
Up to 100% of total project costs

Property, construction, renovation, machinery & equipment, designated infrastructure, refunding of tax-exempt debt

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

 


SBA U.S. Small Business Administration            Lehigh University

 

         

 

Funding support and resources are provided by the Commonwealth of Pennsylvania through the Department of Community & Economic Development; through a cooperative agreement with the U.S. Small Business Administration; and in part through support from Lehigh University. All services are extended to the public on a nondiscriminatroy basis. Special arrangements for persons with disabilities or limited English proficiency can be made by calling (610) 758-3980. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. SBDC services are not available to individuals or entities that have been barred or suspended by the federal government. By agreeing to receive assistance from the SBDC you are self-certifying that you are not currently federally bedarred or suspended and also agree to cease using SBDC services if you become federally barred or suspended in the future.