New Funding Available through PIDA

New Funding Available through PIDA

This week the Pennsylvania Industrial Development Authority authorized making $60 million available to provide loans of $100,000 or less to for-profit businesses with 100 or fewer full-time employees. The program offers up to $100,000 repayable at 0% or 2%, depending on industry type over a three-year term, with no payments due in the first year, payments on a twelve-year amortization over the remaining term, and a balloon payment upon maturity. Find out more at: https://dced.pa.gov/…/covid-19-working-capital-access-prog…/
Application will be through local Certified Economic Development Organizations, find yours here: https://dced.pa.gov/CEDO/

Leave a Reply