Program

Pennsylvania Economic Development Financing Authority (PEDFA)

Minimum/Maximum Amounts

Taxable bond program.  Loans no less than $400,000; up to 100% of project cost

Eligible Activities

Land & building acquisition; building renovation & new construction; machinery & equipment acquisition and installation; designed infrastructure; refinancing; working capital

Term & Amortization

Term is based upon negotiated letter of credit

Rate

95 - 100% of prime interest rate; weekly variable interest rate tied to market for taxable bonds

Fees

Special Notes

Eligible businesses include: all types of business needing access to low cost capital.  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 County- Janet R. Smith, 610-266-0887 
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
Allentown -     www.allentownedc.com

Application Download Available

No