Areas Served: Centre County
Centre County Industrial Development Corporation’s Revolving Loan Fund Program provides funding for projects that may not be eligible for traditional funding by partnering with other public and private funding sources.
Eligible applicants are companies located or willing to locate in Centre County, Pennsylvania with majority ownership by a U.S. citizen and engaged in employment producing projects.
Funding is for acquisition of land/buildings, rehabilitation, leasehold improvements, machinery/equipment or working capital.
Collateral may include a lien position on real estate, equipment and/or personal guarantee from the principal(s).
Maximum Loan amounts are typically $100,000 with terms not exceeding 10 years determined by the useful life of the asset held as collateral.
Contact Information
Centre County Industrial Development Corporation
Address: 200 Innovation Blvd, Suite 156
City: Station College
State: Pennsylvania
Website:
https://www.centrecountyidc.org
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