Small Business First (SBF) Back This program has been consolidated and is now part of the Pennsylvania Industrial Development Authority (PIDA) loan program. Please refer to the PIDA loan. The Small Business First (SBF) loan program provides low-interest financing to businesses with 100 or fewer employees. Applications for SBF eligible projects in Cumberland County must be submitted through Cumberland Area Economic Development Corporation (CAEDC). ELIGIBLE PROJECTS Land and building acquisition & construction Machinery and equipment purchase and upgrades Working Capital ELIGIBLE BORROWERS A for-profit small business (100 full-time employees or less) which are: Manufacturing Industrial Agricultural Enterprises Research and Development Construction Computer-Related Services Hotels, Motels, or Restaurants Municipal or Commercial Recyclers Defense-Related Child Day-Care LOAN LIMITS For working capital, up to $100,000 or 50% of total eligible project costs (whichever is less) Up to $200,000 or 50% of total eligible project costs (whichever is less) For machinery and equipment loans exceeding $200,000 see the MELF loan program TERMS One full-time job retained or created for every $25,000 borrowed Up to 15-year term, for land and building Up to 10-year term for machinery and equipment Up to three-year term for working capital Interest rate is fixed and is based on market conditions INTEREST RATES Please refer to PIDA Interest Rates.
