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

Custom Financing Programs For Businesses

Are you expanding or starting a business? Could you use financing to bridge the gap between private investment and total project costs? Found it. Cumberland Area Economic Development Corporation (CAEDC) located in South Central Pennsylvania, is dedicated to advancing and promoting business growth and providing you the business financing and grant solutions you need. We specialize in the financing of real estate acquisition and construction, working capital and equipment purchases. Our team will customize a program to fit your project, offering low-interest rates, fixed terms and low down payments.

Contact Us

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 7/12/16.

Check out our resource on what to know before applying for a small business loan here.

FINANCING PROGRAMS

FINANCING PROGRAMUSESINTEREST RATE
Small Business Administration (SBA) 504 ProgramLand, buildings, refinancing, machinery and equipment10-year: 4.16%
20-year: 4.23%
Small Business First (SBF)Real estate, machinery and equipment, working capital2.75% – 3.75%
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
Community Economic Development (CED)Real estate, machinery and equipment, and working capital2.75% – 3.75%
Machinery & Equipment Loan Fund (MELF)Machinery and equipment acquisition or upgrade3%
Tourism Infrastructure Loan Fund (TILF)Real Estate, machinery and equipment2.50% – 3.50%
PA Infrastructure BankAviation Highway/Bridge Rail Freight TransitPIB loans at one-half the prime lending rate as published by the Federal Reserve
Pennsylvania Industrial Development Authority (PIDA)Land, buildings, machinery and equipment, working capitalReal Estate: 2.25% for 7 years, 3.00% for 15 years; All Other: 2.00%-3.00%
Small Diverse Business Capital Access Program (SDBCA)Land, buildings, machinery and equipment, working capitalReal Estate: 2.25% for 7 years, 3.00% for 15 years; All Other: 2.00%-3.00%
PennWorksWater and wastewater infrastructure improvements/ construction2.00%
Industrial Sites Reuse Program (ISRP)Phase I, II & III environmental assessment and remediation costs on PA brownfields and/or previously utilized buildings2.00%
Business in Our Sites (BOS)All site development activities required to make a site pad-ready.2.00% or 3.00%
Building PAMezzanine capital for real estate development in small to mid-sized PA communities.Based on Market conditions – contact us
Alternative and Clean Energy (ACE)Utilization, development and construction of alternative and clean energy projects.Based on Market conditions – contact us

 

Print Friendly, PDF & Email
Hanover Commons Featured Property