• Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure

Food Processing & Agribusiness Incentives in Cumberland County Pennsylvania

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.

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Print out an easy to read chart of our Business Financing Programs by pressing the print button at the bottom of the page. Interest rates were updated 1/7/19.

FINANCING PROGRAMS

FINANCING PROGRAMUSESINTEREST RATE
Small Business Administration (SBA) 504 Program Land, buildings, machinery and equipment 20-year: 5.49%
10-year: 5.25%
Cumberland Small Business Fund (CSBF)Real estate, machinery and equipment2.50%-3.50%
Tax-Exempt Financing -Cumberland County Industrial Development Authority (CCIDA)Land, buildings, machinery and equipment, refinancingDetermined by Bank
Pennsylvania Industrial Development Authority (PIDA)Land, buildings, machinery and equipment, working capitalReal Estate: 2.75% for 5 years; 2.75% for 7 years, 3.75% for 10 years; 3.75% for 15 years; Energy Efficiency: 2.00%
PennWorksWater and wastewater infrastructure improvements/ construction2.00%
Next Generation Farmer Loan ProgramLand, improvements, machinery and equipmentTax-exempt bank interest rate – 70-80% of the bank’s agricultural loan rate
USDA Farm Service Agency Guaranteed LoansReal estate, buildings, equipment, supplies, working capital and, some debt refinancingDetermined by Bank
Rural Energy for America Program (REAP) Loan GuaranteesEnergy efficiency improvements, renewable energy systems, land acquisition and working capitalDetermined by Bank

 

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