| Type of Business |
Eligible businesses include most operating-for-profit businesses (individual proprietorships, partnerships or corporations). Emphasis is placed on manufacturing and industrial businesses. |
| Loan Amount |
$200,000 or 50% of a project, whichever is less. Working capital loans are limited to $100,000. |
| Repayment Terms |
- Real estate-up to 15 years
- Machinery and equipment-up to 7 years
- Working capital up to 3 years
|
| Use of Loan Proceeds |
- Land and building acquisition
- Building construction or renovation
- Machinery and equipment
- Working capital
|
| Jobs |
One permanent job must be created or retained per $50,000 NEPA dollars loaned within 3 years from the loan closing date. |
| *Additional Info |
The business must be located within the seven Northeastern Pennsylvania counties of Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne. |
