Lehigh & Northampton Counties Revolving Loan Fund

Program	Lehigh & Northampton Counties Revolving Loan Fund (RLF)
Minimum/Maximum Amounts	$10,000 to $50,000 or up to 30% of total project cost; not to exceed $50,000; not less than $10,000.
Eligible Activities	Land, buildings, renovations, equipment, machinery and working capital.
Term & Amortization	Varies with loan request; 3-7 years allowable; typically 5 years.
Rate	Fixed at 1% below Wall Street Prime Rate
Fees	$100 application fee (non-refundable); upon approval, $500 legal fee, 1% settlement fee
Special Notes	10% equity is required on most projects; each $10,000 borrowed requires creation of one permanent full-time job; focused primarily on small to medium manufacturers.
Where to Apply	Small Business Development Center Lehigh University, Rauch Business Center 621 Taylor St. Bethlehem, PA 18015-3117
Contact Person	Christopher Jones, RLF Administrator Phone: 610-758-5030 Fax: 610-758-5205
Web link	www.lehigh.edu/~insbdc

This page was last updated 01/30/06. For additional information, please call the contact organization provided on this page.