Pennsylvanis has created a $61 million fund to provide working capital loans of up to $100,000 directly to small businesses and hopefully nonprofits (those that employ 100 or fewer persons). The interest rate is currently 3%, however the PIDA board has the authority to adjust the interest rates and so it is possible the board will act to lower rates to as low as 0%. The program will be administered by the Pennsylvania Industrial Development Authority (PIDA).
Loans & Grants
List of national, state and local resources on funding opportunities. New resources are added as information becomes available.
State loan/grant programs
Pennsylvania
Pennsylvania Industrial Development Authority
Pennsylvania Industrial Development Authority Fund
Area served: Pennsylvania Audience: Small Business Owners
Application deadline: Open, no end date posted