Areas Served: Allegheny, Armstrong, Beaver, Butler, Clarion, Fayette, Greene, Indiana,Lawrence, Washington, Blair and Westmoreland
The fund is designed to assist water-related manufacturing and transportation industry growth in in commumities located in the twelve county Port of Pittsburgh District.
Eligibility: For-profit corporations, partnerships or proprietorships either located in or locating to the Port of Pittsburgh District: Allegheny, Armstrong, Beaver, Butler, Clarion, Fayette, Greene, Indiana,Lawrence, Washington, Blair and Westmoreland Counties.
Uses: Equipment, building expense, research (not market research) are eligible.
Working capital may be used only for export financing and/or waterway freight transportation financing and inventory carrying costs during waterway freight transportation.
Loan Limits: From $10,000 to $100,000 One-to-one match required for loans Term: Loans will have a repayment period of three (3) to seven (7) years unless it is to be made coterminus with other loans that require an extension.
Rates: Fixed rate will be set at the U.S. Treasury rate, plus 50 basis points, as published in the Wall Street Journal, the day after the borrower approves the Commitment Letter.
Contact InformationPort of Pittsburgh
Address: 425 Sixth Avenue, Suite 2990
City: Pittsburg
State: Pennsylvania
Website:
http://www.port.pittsburgh.pa.us/home/index.asp?page=233
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