Program

Upper Bucks County MicroLoan Fund                         

Minimum/Maximum Amounts

From $5,000 to $30,000

Eligible Activities

Proceeds can be used for Working Capital, Inventory, Machinery, Equipment, Furniture, Fixtures, Leasehold Improvements and Real Estate.  Funds cannot be used to satisfy delinquent tax obligations.

Term & Amortization

Maximum term is five (5) years.

Rate

Fixed rate at prime plus 2%

Fees

Application fee - $100

Loan Processing Considerations

 Application Package should include:  Business Plan, One year Pro Forma Statement, Historical Business Records (if available), Personal Tax Returns for 3 years, Credit Report, Completed Application and $100 application fee.

Special Notes

For Start-up or Existing businesses located in Upper Bucks County, Pennsylvania.

Industry & Company Size:
Retail:                     $0 - 1 million in sales
Service:                  $0 - 1 million in sales
Manufacturing:       $0 - 2 million in sales

Job Creation/Retention Requirements

N/A

Where to Apply

Upper Bucks County Chamber of Commerce
2170 Portzer Road, Quakertown, PA 18951
Phone:  215-536-3211
Fax:       215-536-7767
Email:    info@ubcc.org

Contact Person

Richard Krotz, Microloan Administrator

Web link

N/A

Application Download Available

 N/A

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