Program

Easton Economic Development Corporation (EEDC) Pool

Minimum/Maximum Amounts

$50,000 Minimum / 1/4 Loan Pool Funds. Maximum (up to $1 million) Maximum 40% of Project Cost w/20% down. Maximum 50% of Project Cost with 10% down

Eligible Activities

Acquisition, construction, renovations/ improvements, machinery/equipment/fixtures

Term & Amortization

Term: 5 Years
Amortization:
Equipment/fixtures- 5 years
Real Estate w/ 10% down- 15 years
Real Estate w/ 20% down - 20 years

Rate

NY Prime; Potential for discount up to 1.5 points based on economic benefit

Fees

0.5% of Loan Request up to maximum of $1,000.00  

Legal and Document Preparation Fees - 1.5 point Origination Fee

Special Notes

Includes West Easton portion of Enterprise Zone.

Job Creation/Retention Requirements

Creation/retention of one job for each $15,000

Where to Apply

Easton Economic Development Corporation 
1 S. Third Street
Easton, PA 18042

Contact Person

Kim Kemtz 610-330-9940

Web link

www.easton-pa.com

Application Download Available

YES