Areas Served: City of Allentown
LVEDC offers a business loan program for businesses in Allentown, Pennsylvania.
This program provides financing to entrepreneurs who start or expand neighborhood-based businesses that provide goods and services to low and moderate income census tracts, any legal business entity creating or retaining jobs where 51 percent of the jobs are held by low and moderate income residents, nonprofit organizations providing community-based services in low and moderate income neighborhoods and housing developers who develop affordable housing in low and moderate income census tracts.
Funds may be used for land and building acquisition, building construction and renovation, machinery and equipment, inventory and working capital.
Minimum loan amount is $10,000, and the ADCO board establishes the interest rate based on the needs of the applicant.
Contact InformationLehigh Valley Economic Development Group
Address: 2158 Avenue C
City: Bethlehem
State: Pennsylvania
Website:
http://lehighvalley.org/Home/GetFinancing/AboutFinancingPrograms/BusinessLoans
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