Business Finance Center
The NEPA Business Finance Center, through its pool of federal, state and local funds, provides low-interest loans to qualified small businesses. Interest rates are 2.75% to 4% and are fixed throughout the term of the loan --- regardless of any upward movement in prime lending rates.
The objective is to provide financing to help small business create/retain jobs, attract additional investment from banks and other sources of private and public funding.
Loans through this Program offer repayment terms standard in today's credit markets. Generally, loans are used to supplement other financing by providing up to 50% of the loan amount with maximum of $200,000.
These low cost loans offer:
- Lower down payments
- Standard loan term maturities
Loans available for:
Manufacturers ~ Industrial ~ Agriculture/Agribusiness ~ Hospitality ~ Related Enterprises~ Tourism ~ Recyclers ~ Day Care ~ Computer Related Services ~ Advanced Technology ~ Retail ~ Service Related Businesses ~ And many other business sectors may also qualify