Cumberland Area Economic Development Corporation (CAEDC) offers multiple loan programs to help support the financing and expansion of agricultural and food processing businesses in Cumberland Valley Pennsylvania. For large land development and infrastructure projects, CAEDC will work with local taxing bodies and businesses to determine if a Local Economic Revitalization Tax Assistance (LERTA) abatement or Tax Incremental Financing (TIF) mechanism is needed. CAEDC is committed to finding the resources you need to help you grow. Learn more about Food Processing & Agribusiness in Cumberland Valley.

Contact Us

Financing Programs

Interest rates were updated 9/15/2021. Select any financing program name in the chart below for more details.

Financing Programs

Uses

Interest Rate

Land, buildings, refinancing, machinery and equipment

25-year: 2.74%
20-year: 2.61%
10-year: 2.38%

Real estate, machinery and equipment

2.50% – 3.50%

Land, buildings, machinery and equipment, refinancing

Determined by Bank

Land, buildings, machinery and equipment, working capital

15-year fixed: 2.5%0
10-year fixed: 2.50%
7-year fixed: 1.50%
5-year fixed: 1.50%

PennWorks

Water and wastewater infrastructure improvements/ construction

2.00%

Next Generation Farmer Loan Program

Land, improvements, machinery and equipment

Tax-exempt bank interest rate – 70-80% of the bank’s agricultural loan rate

USDA Farm Service Agency Guaranteed Loans

Real estate, buildings, equipment, supplies, working capital and, some debt refinancing

Determined by Bank

Rural Energy for America Program (REAP) Loan Guarantees

Energy efficiency improvements, renewable energy systems, land acquisition and working capital

Determined by Bank