Program

Pennsylvania Economic Development Financing Authority (PEDFA)

Minimum/Maximum Amounts

Tax Exempt bond program.  Loans no less than $400,000 and not more than $10 million for manufacturers; no upper limit for other projects; up to 100% of project costs

Eligible Activities

Land & building acquisition; building renovation & new construction; machinery & equipment acquisition and installation; designated infrastructure; tax-exempt bond refunding

Term & Amortization

Up to 30 year term

Rate

85% of prime interest rate; weekly variable interest rate tied to market for tax-exempt bonds

Fees

Special Notes

Eligible businesses include: manufacturing, nonprofit, energy, solid waste disposal and transportation facilities; borrower generally must secure letter of credit from bank

Job Creation/Retention Requirements

Where to Apply

Lehigh County - Lehigh Valley Economic Development Corporation
Northampton County - Department of Community and Economic Development
City of Allentown - Allentown Economic Development Corporation

Contact Person

Lehigh Valley Economic Development Corporation

610-266-6775

1-800-581-7483
Northampton County-
John Kingsley 610-559-3200
City of Allentown - Rob Osborn 610-435-6166

Web link

Lehigh- www.lehighvalley.org
Northampton-www.northamptoncounty.org
City of Allentown - tba

Application Download Available

No