Areas Served: Somerset County
Somerset County Economic Development Council offers a loan program for businesses in Somerset County, Pennsylvania.
ELIGIBLE APPLICANTS – B
usiness start-ups (businesses less than four (4) years of age)
INTEREST RATE – Fixed 3% interest rate
USE OF FUNDS & TERMS
- Machinery & Equipment -up to 5 years
- Inventory – up to 2 years
- Working Capital – up to 2 years
LOAN AMOUNT 50% of Total Project Cost up to $15,000
JOB CREATION One (1) full-time or equivalent position for every $5,000 borrowed within the term of the loan
Contact Information
Somerset County Economic Development Council
Address: 125 North Center Avenue
City: Somerset
State: Pennsylvania
Website:
https://somersetcountyedc.org/
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