Program |
Pennsylvania Capital Access Program (Penn CAP) |
Minimum/Maximum Amounts |
Guaranteed loans up to $500,000 |
Eligible Activities |
Land, building, equipment, working capital |
Term & Amortization |
Terms negotiated with participating bank: term loan or line of credit |
Rate |
Rates negotiated with participating bank |
Fees |
Range from 1/2 of 1% up to 3% of loan amount |
Special Notes |
PEDFA bond program provides guarantee for bank loan |
Job Creation/Retention Requirements |
|
Where to Apply |
Participating banks: Fidelity Deposit and Discount Bank Contact: Doreen Santorsa 570-504-2211 PNC Bank, N.W. Contact Marie Hansen 215-749-6578 Sovereign Bank Contact: Susan M. Corkery 610-526-6306 |
Contact Person |
Dept. of Community and Economic Development PED Financing Authority Commonwealth Keystone Bldg 400 North Street, 4th Floor Harrisburg, PA 17120 1-888-223-6837 |
Web link |
www.newpa.com |
Application Download Available |
No |
This page was last updated 02/09/07. For additional information, please call the contact organization provided on this page.