Cumberland County Small-Business Loans Low Rate, Fixed Term and a Low Down Payment The Cumberland Area Economic Development Corporation (CAEDC) helps businesses grow and succeed in the fastest growing county in Pennsylvania. If you’re considering launching or relocating your business to Cumberland County, CAEDC can help with custom financing options. CAEDC has helped a variety of expanding and start-up businesses bridge the gap between private investment and total project costs by offering low-interest rates, fixed terms and low down payments. Our loans can assist with the financing of real estate acquisition and construction, working capital and equipment purchases. Check out our resource on what to know before applying for a small business loan. FINANCING PROGRAMS FINANCING PROGRAM Click program name for details. USES INTEREST RATE Small Business Administration (SBA) 504 Program Land, buildings, refinancing, machinery and equipment SBA 504 Success Story 10-year: 4.48% 20-year: 4.21% 25-year: 4.25% Small Business First (SBF) Real estate, machinery and equipment, working capital SBF Success Story 2.75% – 3.75% Cumberland Small Business Fund (CSBF) Real estate, machinery and equipment CSBF Success Story 2.50% – 3.50% Community Economic Development (CED) Real estate, machinery and equipment, and working capital 2.75% – 3.75% Machinery & Equipment Loan Fund (MELF) Machinery and equipment acquisition or upgrade 2.00% Tourism Infrastructure Loan Fund (TILF) Real Estate, machinery and equipment TILF Success Story 2.50% – 3.50% Pennsylvania Industrial Development Authority (PIDA) Land, buildings, machinery and equipment, working capital PIDA Success Story Real Estate: 3% for 10 and 15-years; 2% for 5 and 7-years Machinery: 3% for 10 years Energy Efficiency: 2.00% Small Diverse Business Capital Access Program (SDBCA) Land, buildings, machinery and equipment, working capital Real Estate: 2.25% for 7 years, 2.75% for 15 years; All Other: 2.00%-3.00% Interest rates were updated 1/6/2020. Find Out About: Other Financing Programs Grants Tourism Grant Incentives Funding Find out More CAEDC is ready to help your Cumberland County business thrive. For more information about CAEDC, contact us today.