Areas Served: Clarion, Crawford, Erie, Forest, Mercer, Lawrence,
The Northwest Pennsylvania Regional Planning & Dev.
Commission offers a SBA Micro Loan fund for Pennsylvania businesses in Clarion, Crawford, Erie, Forest, Mercer, Lawrence, Venango and Warren counties.
Maximum Loan
¢ Loans up to $20,000 Eligible Uses
¢ Machinery and equipment purchases (new or used) and related expenses
¢ Working Capital Terms
¢ Machinery and Equipment 5 years
¢ Working Capital 3 years Rates
¢ Presently fixed at 6% Deposit/Contribution
¢ $100/year Other Financing
¢ Project must be less than $105,000. Matching funds may be required Eligible Applicant
¢ Preference will be given to businesses with ten employees or less Conditions
¢ Business plan reviewed by Small Business Development Center
¢ Substantiation of expenditures required prior to disbursement
¢ Franchise must be approved by SBA
¢ Credit report will be obtained
¢ Child support verification
¢ ACH payments required Collateral
¢ Adequate collateral required
Contact InformationNorthwest Pennsylvania Regional Planning & Dev. Commissio
Address: 395 Seneca Stree
City: Oil City
State: Pennsylvania
Website:
http://northwestpa.org/business-financing/
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