Areas Served: Cities of Allentown, Bethlehem and Easton
The Lehigh Valley Regional Loan Pool is primarily focused on development and improvement of businesses in the Pennsylvania cities of Easton, Bethlehem and Allentown.
The program enable job creation and retention by proving an incentive for economically viable businesses to locate, expand and remain in the Lehigh Valley.
Eligible uses: – Land and building acquisition – Building renovation or rehabilitation – Machinery and equipment Amounts: – 40% of a total project cost with a minimum of $250,000 and a maximum of $2,000,000 Terms/conditions: – Typical loan packages require a minimum of 20% equity investment in project by the applicant – Interest rate is flexible and set on a case-by-case basis – Loan terms are not designed to provide permanent long-term financing and are generally limited to five years with the option for longer amortization – Priority is given to projects located in the cities of Allentown, Bethlehem and Easton
Contact InformationLehigh Valley Economic Development Group
Address: 2158 Avenue C
City: Bethlehem
State: Pennsylvania
Website:
http://www.lehighvalley.org/get-financing/
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