Small Business First Division Loan Programs
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Small Business First (SBF)
First Industries Agriculture SBF
First Industries Tourism SBF
Community Economic Development (CED)
Pollution Prevention Assistance Account (PPAA)
Export Finance Program (EFP)
Small Business First (SBF)
Eligible Businesses:
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Manufacturing Enterprise
Industrial Enterprise
Research & Development Enterprise
Hospitality Enterprise
Defense Conversion Enterprise
Recycling Enterprise
Construction Enterprise
Computer Related Services Enterprise
Child Day Care Enterprise
First Industries Agriculture SBF
Eligible Businesses:
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Production Agriculture
Agribusiness: i.e. food processor
Sale of farm commodities at wholesale
Sale of farm commodities by urban and retail supermarkets
Farmers’ Markets
First Industries Tourism SBF
Eligible Businesses:
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PA Destination Sites
Hospitality Establishments
Businesses that develop and market travel packages for PA
Tourism related activities promoting overnight visits to PA
SBF & First Industries SBF
Uses & Terms:
• Land & Building Costs
• Machinery & Equipment
• Working Capital
15 years
10 years
3 years
Loan Amounts & Rates:
• 50% of total eligible project costs up to $200,000
• 50% of total eligible project costs up to $100,000 for WC
• Rate based on 10 year treasury rate plus 100 basis points. Rates are fixed throughout life
of loan.
Other:
Application must be packaged by an Area Loan Organization (ALO)
No job creation/retention requirement for agricultural producers
Small Business – 100 or fewer full-time employees
SBF & First Industries SBF
Other Requirements:
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Must be located in Pennsylvania
Creation or Retention of 1 full-time job for every $25,000
For-profit businesses only (except for child day care)
Personal / corporate guarantee(s)
Funds may not be used to refinance
Application packaged by an Area Loan Organization (ALO)
Community Economic Development (CED)
Eligible Businesses:
• For-profit business with 100 or less full-time employees
• Mercantile, Commercial, Service, or Retail business
Community Economic Development (CED)
Uses & Terms:
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Land & Building Costs
Machinery & Equipment
Working Capital
15 years
10 years
3 years
Loan Amounts & Rates:
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$100,000 or 50% of project costs, whichever is less
Fixed rate – 2%
Community Economic Development (CED)
Other Requirements:
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Must complete Letter of Intent and be invited to apply
Retain current number of full-time jobs
Require personal / corporate guarantee(s)
Funds may not be used to refinance
Pollution Prevention Assistance Account (PPAA)
Eligible Businesses:
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For-profit businesses located within the Commonwealth of
Pennsylvania and having 100 or fewer full-time employees
worldwide at the time of submission of the application.
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Program financing for eligible small business that adopts or
installs pollution prevention or energy efficient equipment or
processes that reduce or reuse raw materials on-site, reduce the
production of waste, or significantly reduces energy consumption
and are directly related to business activity
Pollution Prevention Assistance Account (PPAA)
Examples of Eligible Activities:
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Energy Efficiency Projects
Closed Loop Cooling or Process Water Systems
Equipment and Process Changes that Reduce the Production of VOCs
Equipment that Reduces Chemical Use in Industrial and Treatment Processes
Equipment that Converts Waste Material to a Usable Form
Reusable Materials Handling Equipment
Pollution Prevention Assistance Account (PPAA)
Uses & Terms:
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Machinery & Equipment / Installation
Up to 10 years
Loan Amounts & Rates:
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75% of total eligible project costs up to $100,000
Pollution Prevention Assistance Account (PPAA)
How to Apply:
• Business must first apply for eligibility through DEP
• Application is packaged by the respective ALO and submitted to the
Department by the ALO on behalf of the business
Pollution Prevention Assistance Account (PPAA)
Other Requirements:
• Retain current number of full-time jobs at time of submission
• Require personal / corporate guarantee(s)
• Funds may not be used to refinance
Export Finance Program
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Purpose:
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Provide working capital and accounts receivable lines of credit for Pennsylvania businesses
to export its goods or services
Criteria:
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Operate as a going concern in PA
Have 250 or less full-time employees
Operating history of at least one year
Export Finance Program
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Amounts:
- Lines of credit up to $350,000
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Rates:
- Based on 10 year treasury rate plus 100 basis points. Rates are fixed.
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Term:
- 12 months. Line of credit can be renewed. Payments are due within 24 hours of receiving
payment from importer.
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Fees:
- Commitment fee of ½%. Renewal fee of ½%.
Contact Information
Small Business First Division
Office of Innovation and Investment
Jared Lucas, Director
Phone – 717-346-8006
Email – jarlucas@pa.gov
Website – www.newpa.com