2. Pennsylvania Industrial Development Authority (PIDA)
Low-interest loans to non-profit IDCs to assist companies in creating or retaining jobs.
Types of Loans
- Single Tenant
- Multi-Tenant
- Industrial Park
Eligible Businesses
Manufacturing – Industrial – Computer Centers – Research and Development Facilities – Agri-business – KIZ Companies
Ineligible Businesses
Service – Commercial – Retail
Eligible Uses of Funds
Acquisition – Renovation – Expansion – New Construction
Exceptions
Projects located in targeted areas (KOZ, EZ, Brownfield…) are eligible for up to $2.25 million and received the lowest interest rate
Interest Rates
- Interest rate will increase and decrease quarterly based on the 10-year Treasury rate, with a floor of 2.25% (based on area unemployment rate or targeted area or industry sector) -OR-
- Fixed interest rate for a 7-year period set at the 10-year treasury yield. After 7 years, the rate would be reset to the 10-year treasury rate and would be limited to a 200 basis point investment. The reset rate would be fixed for the duration of the loan.
Loan Limits
- 15 year term
- Participation rate ranges from 30% to 75% (based on unemployment rate)
- $2 million maximum loan amount/$2.25 million maximum in targeted areas
- Cost per job $35,000
- No less than 2nd mortgage lien on property to be financed
Applying for a PIDA Loan
Single Application for Assistance submitted through local industrial development corporation

3. Machinery and Equipment Loan Fund (MELF)
Low-interest loans to companies to assist in creating and/or retaining jobs.
Eligible Businesses
Manufacturing – Industrial – Agri-business – Mining Operations – Production Agriculture – Hospitals – Information Technology – Biotechnology
Ineligible Businesses
Service – Commercial – Retail
Eligible Uses of Funds
Acquisition and installation of new or used machinery and equipment which is directly related to the business process
Upgrading of existing machinery and equipment which is directly related to the business process
NOT Eligible: Repair costs for existing machinery and equipment, and cost of company labor for installation
Interest Rates
Currently set at 3.50%, based on the 10-year Treasury Rate plus 100 basis points
Loan Limits
$5,000,000 or 50% of total project cost (whichever is less)
Term
Up to 10 years
Job Requirements
$25,000 loaned; 1 full-time job retained/created at site within three years from closing date. Does not apply to loans to production agriculture enterprises
Applying for a MELF Loan
Applicant will complete the Single Application for Assistance and forward to DCED, Loans Division
Questions
Contact CBF at (717)

4. Small Business First Program (SBF)
Provides low-interest loan financing to small businesses. As amended by SB 778
Eligible Businesses
Agri-business and Production Agriculture– Industrial – Manufacturing – Hospitality and Defense Conversion –Construction – Recycling – Computer Services – For profit or Nonprofit Day Care Centers
Eligible Use of Funds
Land – Buildings – Machinery – Equipment – Working Capital
Ineligible Use of Funds
Refinancing existing debt – Costs incurred prior to approval of SBF
Terms
Real Estate – 15 years; M & E – 10 years;
Working Capital – 3 years
Interest Rates
Currently set at 3.50%, based on the 10-year Treasury Rate plus 100 basis points
Collateral
-Loans must be secured at the highest lien position available on one or more assets
-SBF requires personal guarantees of principals
Limitations
-Business must have 100 full-time employees or less
-Maximum Loan amount, $200,000 or 50% of project cost, whichever is less (working capital loans, $100,000 or 50% of project cost, whichever is less)
-Project must create/retain at least one full-time job for every $25,000 borrowed (does not apply to production agriculture)
Applying for a SBF Loan
Single Application for Assistance submitted through area loan organization
Questions
Contact CBF at (717)

5. First Industries Program -
Agriculture & Tourism
Eligible Tourism Activities
Tourism – people traveling for pleasure
Destination tourism sites, i.e. historical, cultural, sporting, amusement, outdoor recreational
Hospitality establishments serving a destination site
Tourism activities that generate overnight stays
Activities that optimize or enhance state parks, forests, or game lands
Eligible Agriculture Activities
Production Agriculture – Farms
Food Processing
Wholesalers of Farm Commodities
Urban & Rural Supermarkets
Farmers Markets
Energy-related activities impacting production agriculture or agribusiness
Activities which implement best practices related to agriculture waste products

6. First Industries Program -
Agriculture & Tourism Under Small Business First & Machinery and Equipment Loan Fund
Eligible Applicants
For-profit companies that meet the general eligibility requirements of SBF and MELF and that meet the definition of an agriculture or tourism enterprise
Eligible Uses of Funds
SBF – land & building, machinery & equipment, working capital
MELF – machinery & equipment
Fund Limits
SBF - $200,000 ($100,000 working capital)
MELF - $500,000
Interest Rate
Currently set at 3.50%, based on the 10-year Treasury Rate plus 100 basis points
Requirements
Project must meet the requirements of the SBF and MELF programs
Applying for Loans
SBF – Applicant applies through Area Loan Organization
MELF – Applicant applies to DCED through submission of a Single Application for Assistance
Questions
Contact the Center for Business Financing (717)

7. Community Economic Development Loan Program (CED)
Low-interest loans to small business enterprises in distressed areas that will
enhance the economic well-being of a community or neighborhood.
Eligible Businesses
For-profit business with 100 or less full-time employees
Mercantile - Commercial – Retail
Business must demonstrate a positive, direct community impact and be located in a distressed community
Eligible Use of Funds
Land and building, machinery and equipment and working capital
Ineligible Use of Funds
Refinancing
Related party transactions
Interest Rate
2% fixed
Loan Limits
Maximum loan amount is $100,000 or 50% of project cost (whichever is less)
Job Requirements
Retain jobs in existence as of the date of the loan application
Applying for a CED Loan
Submit LOI to DCED. If accepted, the applicant will be invited to submit a Single Application for Assistance and will be referred to their local ALO or CDFI for assistance

8. Pollution Prevention Assistance Program (PPAA)
To assist PA small businesses enterprises to implement pollution prevention and energy-efficient projects.
Eligible Businesses
A for-profit corporation, LLC, partnership, proprietorship or other business entity that has no more than 100 full-time employees and operates from a stationary source
Eligible Uses of Funds
Adopt or install pollution prevention or energy efficient equipment or processes directly related to the business activity of the small business enterprise
Ineligible Use of Funds
Refinancing existing debt – less than arms length transactions – Equipment that focuses on recycling or pollution control rather than prevention, i.e. scrubbers, dust collectors; Projects that have commenced prior to DCED approval
Rate and Terms
Annual fixed rate of 2%. – Term of loan can be up to 10 years or the life of the asset, whichever is less
Loan Amount
$100,000 or 75% of total project cost, whichever is less
Matching lending sources must have equivalent or longer terms
Applying for a PPAA Loan Complete Determination of Eligibility Application (DEP) – Must be invited by DEP
Complete Single Application for Assistance (DCED)
Questions
Contact SBF at (717)

9. PA Minority Business Development Authority
(PMBDA)
Eligible Applicants
For profit business owned/controlled by one or more socially or economically disadvantaged residents of PA
Includes, but not limited to those who are at least 18 years of age and who are:
African American
Hispanic American
Asian American
Native American
Eskimo
Aleut
Other Requirements
Sole proprietorship, partnership or corporation
Willing to commit full-time management and control
Applicant must control at least 51% of ownership
Commonwealth residency must exist at time application is submitted or must certify that residency will be established on or before the closing of the loan
Loan Amount & Rate
PMBDA will fund a maximum of 75% of eligible project costs
Loan amounts
$25,000 minimum
$250,000 maximum
$350,000 if located in DCED designated Enterprise Zone or located within a redevelopment area
$500,000 for industrial enterprise, manufacturing enterprise, advanced technology, regional or national franchise, international trade, or business acquisition; if these projects are located in a DCED designated Enterprise Zone or located within a redevelopment area the maximum amount is $750,000
Interest rate will be no more than one-half the prevailing prime rate, but not less than 4%

10. PA Minority Business Development Authority
(PMBDA)
Eligible Use of Funds
Land
Buildings
Machinery & Equipment
Working Capital
Terms
Land & Buildings up to 10 years
Machinery & Equipment up to 7 years
Working Capital up to 3 years
In projects where two or more uses of PMBDA funds are planned, loan terms may be blended
General Program Requirements
One full-time job created or preserved within 3 years from completion of the project for each $15,000 loaned from PMBDA
Loan security
Loans must be secured at the highest lien position available on land, buildings machinery & equipment, accounts receivable, and inventory
Although we have historically done so, we would prefer not to use personal residences as collateral
Personal or corporate guarantees, or other types of collateral may be required
Life insurance policy in the amount of the loan with PMBDA as beneficiary is required

11. Job Creation Tax Credits (JCTC)
Provides tax credits to businesses to stimulate job creation
Fund Limits
-$1,000 tax credit for each job created. -$2,500 tax credit for each job created if unemployed individual is hired.
Job Requirements
-Job creation is measured from a start date which is the first day of the calendar quarter in which an application is submitted.
-Must create at least 25 full-time jobs, or have a 20% increase in employment at the project site within 3 years of start date. New jobs must pay 150% of minimum wage, and business must maintain operations at project site for 5 years.
Applying for JCTC Credits
Submit Single Application for Assistance to DCED.
Questions
Contact CBF at (717)
Eligible Applicants
Any Business
Participant Criteria
-Business must create a specific number of jobs within 3 years.
-Must demonstrate leadership in application, development or deployment of leading technologies and financial stability
Eligible Uses of Funds
Tax Credits may be applied to business’ corporate net income tax, personal income tax, capital stock and franchise tax, gross premiums tax, gross receipts tax, bank & trust business tax, mutual thrift institution tax, or title insurance business shares tax.

12. Pennsylvania First Provides grants & low-interest loans to assist in creating and/or retaining jobs.
Eligible Applicants Businesses, Municipalities, Municipal Authorities, Redevelopment Authorities, Industrial Development Authorities or Corporations and Local Development Districts
Eligible Costs -Job training for direct, full-time, PA residents -Acquisition of land, buildings or right-of-ways -Purchase or upgrade of machinery -Working capital -Project site preparation -Environmental assessments
-Remediation of hazardous material -Construction or rehabilitation of buildings, infrastructure
Ineligible Costs -Consultant fees -Refinancing or retirement of existing debt -Costs unrelated to expansion or location at project site -Costs incurred prior to receiving a formal commitment for funding from DCED
Program Requirements -10 to 1 private investment -Create or retain a minimum of 100 full-time jobs within 3 years of receiving funding, with a base pay of at least 150% of federal minimum wage
-Commit to operating at approved project site for a minimum of 7 years
Other Requirements -Applicants may not receive PA First funding for more than 2 consecutive fiscal years for the same business or location project
-Maximum assistance amount will not exceed $5,000 for each job -Interest rate for loans will be set quarterly, according to 10-year Treasury rate
Applying for PA First Submit Electronic Single Application and addenda as outlined in program guidelines
Questions Contact CBF at (717)

13. Industrial Sites Reuse Program (ISRP) Provides grants and low-interest loans for environmental assessments and remediation
Eligible Applicants
Municipalities, Municipal Authorities, Redevelopment Authorities, Non-profit economic development agencies, Private companies, real estate developers
Eligible Uses of Funds
- Phase I, II & III Environmental Assessments
- Remediation/Removal of Hazardous Substances
Types of Assistance
Grants:
Environmental Assessments:
- Cities of the 1st, 2nd, 2A, or 3rd Class
- Targeted communities as designated by DCED
Environmental Remediation:
- Public or non-profit entity when owning the site
Loans:
- All eligible applicants for remediation & assessments

14. Industrial Sites Reuse Program (ISRP) Provides grants and low-interest loans for environmental assessments and remediation
Amount & Terms of Assistance
25% match required
Up to $200,000 for assessment
Up to $1 Million for remediation
All loans = 2% rate
Loan Terms:
5 years = assessment loans
15 years = remediation loans
Applying for ISRP
Submit LOI to DCED
DCED & DEP will review
Single Application forwarded to eligible applicant
DCED approves/disapproves project
Applicant is notified

15. Business in Our Sites (BOS) Construction Grants & Loans
Eligible Applicants
Municipalities, municipal authorities, redevelopment authorities, industrial development agencies, and private developers.
Eligible Projects
Redevelops, reuses, or revitalizes a previously utilized site (i.e. former industrial, commercial, military, mining, railroad or institutional site or building) for future use by businesses or others; or undeveloped sites if development of the site is consistent with an existing comprehensive county/municipal plan zoned for such development.
All site development activities required to make a site “shovel ready” which will generate economic growth, revitalize a downtown, or strengthen the community and that the proposed future use will increase employment opportunities.
Fund Limits
No maximum or minimum
Funds available from portfolio loan repayments

16. Business in Our Sites (BOS) Construction Grants & Loans
Eligible Uses of Funds
Acquisition of land and buildings, rights of way, and easements.
Construction or rehabilitation of: storm water; sanitary sewer; water supply; energy facilities that generate or distribute power; transportation systems including on-site & off-site roads, signals, rail, port; gas, and communications infrastructure.
Demolition of structures and removal of abandoned foundations, clearing and preparation of land.
Environmental site assessment and remediation, related engineering, design, and inspection costs, signage, landscaping, street lighting, administrative costs and other related professional services.
Ineligible Uses of Funds
Fees for securing other financing, interest charges on borrowed funds.
Tap-in-fees, unpaid taxes or municipal liens.
Costs incurred prior to approval of loan.

17. Business in Our Sites (BOS) Construction Grants & Loans
Requirements
Loans will be “patient” – no repayment until first parcel is sold or leased, up to 5 years.
Repayment of loans shall not exceed 20 years.
No limit on loan amount but maximum funding is not to exceed 15% of total program funds.
Interest rate: 2% or 3%
Loans are to be secured by a mortgage lien on the project site.
Applicant must provide proof that the county has been notified about the intended project.
The intended reuse of a project site may not be residential.
Applying for Loans
Submit a Single Application and required supplemental information to the Commonwealth Financing Authority.
Questions
Contact the Site Development Division at or

18. Tax Increment Financing (TIF) Guarantee Program
Eligible Applicants
Authorities that issue Tax Increment Financing bonds to fund local economic development projects
Purpose of Program
To provide credit enhancement to TIF bonds
Guarantee Limits
Maximum guarantee amount is $5 million
Requirements
Project must be located on previously utilized property or on undeveloped property that is planned and zoned for development
Project must meet all the requirements of the TIF Act
Applying for Tax Increment Financing
Submit a single application to the Commonwealth Financing Authority

19. Building PA Program Eligible Applicants Requirements
Real-estate fund managers that will commit to $1 for $1 matching funds for Pennsylvania projects
Eligible Uses of Funds
Funds will be used as mezzanine financing for real estate projects throughout the commonwealth
Fund Limits
Projects invested in can not be primarily residential or recreational in nature
At least 50% of the funds made available for the program must be utilized for projects in areas other than cities of the first and second class
Requirements
Fund Manager must match the funds provided on a $1 to $1 basis and will be required to repay funds an amount equal to other investors in their funds
Applying for the Building Pennsylvania program
One or more Request for Proposals will be issued to select fund managers

20. Infrastructure and Facilities Improvement Program (IFIP)
Eligible Applicants
Certain authorities that issue debt to finance projects
Eligible projects financed with authority debt
Infrastructure and environmental projects for industrial enterprises and retail establishments
Infrastructure, environmental and building projects for manufacturers, hospitals, convention centers and associated hotels
Multi-year grants may be used to pay debt service incurred to finance projects
Fund Limits
Grant may not exceed estimated state tax revenues to be generated or actual amount of debt service
A project may receive grant payments for up to 10 years, 20 years for hospitals and convention centers
Requirements
Grant amount is based on anticipated amount of state sales tax, hotel occupancy tax and employer withholding of personal income tax to be generated by the project
Office of the Budget and Department of Revenue must concur with the estimate
Projects in existence prior to the effective date of the act are not eligible for grant funding, except for projects involving retail establishments
Eligible retail establishments must create at least 200 jobs and occupy at least 200,000 square feet of space
Effective date of act is July 1, 2004
Applying for IFIP
Submit a Single Application for Financing to DCED

21. Alternative and Clean Energy
Eligible Applicants
A Business (for-profit and not-for-profit)
An Economic Development Organization
A Political Subdivision
Loans
1. Loan Amount
-Any alternative energy production or clean energy project shall not exceed $5 million or 50% of the total project cost, whichever is less.
-Any manufacturer of alternative and/or clean energy generation equipment or components shall not exceed $40,000 for every job created within 3 years.
-A High Performance Building shall not exceed $2 million.
-Political subdivisions may not apply for Alternative Energy Production Projects.
2. Repayment Term – Amortization not to exceed 25 years or the useful life of the asset, whichever is less and repayment not to exceed 10 years.
3. Interest Rate – Will be fixed at the time of approval. Current Interest for eligible projects is the 10-year treasury rate plus 250 basis points. Rate is updated quarterly.
4. Security – All loans are to be secured by a lien on the asset financed. Additional security may be required.

22. Alternative and Clean Energy
Grants
Alternative energy production or clean energy project shall not exceed $2 million or 30% of the total project cost, whichever is less. For CNG/LNG projects, 40% for public stations and 25% for private stations.
A manufacturer of alternative and/or clean energy generation equipment or components shall not exceed $10,000 for every job created within 3 years.
An Energy Savings Contract (ESCO) or a High Performance Building shall not exceed $500,000.
Maximum grant amount for a High Performance Building project is $2 million or 10% of the total project cost, whichever is less. If standards aren’t met within 180 of completion, the Authority will require repayment of full grant amount.
Political subdivisions are eligible to apply for grants only for Clean Energy Projects.
Businesses and non-profit economic development organizations are eligible to apply for grants only for Site Preparation Projects and Alternative Energy Production Projects.
The maximum amount for any grant that will be solely used for planning & feasibility studies shall not exceed 50% of the total project cost of $175,000, whichever is less.
Guarantees
The Authority may award grants to applicants that would serve as a guarantee for the financing in the project.
A standby letter of credit issued directly to the company/developer.
Grant will pay up to 75% of the deficiency.
The term of the grant will not be more than 5 years.
The amount of the grant shall not exceed $5 million.

23. Renewable Energy Program
Eligible Applicants
A Business (for-profit and not-for-profit)
An Economic Development Organization
A Political Subdivision
An individual
Eligible Projects
Geothermal Technologies, including closed loop geothermal heat pump systems that use the ground, ground water and underground mine water as an energy source.
Wind Energy, including facilities to produce or distribute wind generated energy as well as manufacturing facilities for wind turbines and other energy components.

24. Renewable Energy Program
Loans
Loan Amount
Component manufacturer of renewable energy generation equipment shall not exceed $35,000 for every full time job created within 3 years.
Geothermal system or a wind energy generation or distribution project shall not exceed $5 million.
Repayment Term – Not to exceed 10 years for equipment and 15 years for real estate.
Interest Rate – Will be fixed at the time of approval.
Security – All loans are to be secured by a lien on the asset financed. Additional security may be required.
Grants
Component manufacturer of renewable energy generation equipment shall not exceed $5,000 for every job created within 3 years.
Wind energy generation or distribution project shall not exceed $1 million.
Any grant used solely for planning or feasibility studies shall not exceed 50% of the total cost of the planning project or $175,000, whichever is less.
Guarantee The Authority may award grants to applicants that would serve as a guarantee for the financing in the project.
A standby letter of credit issued directly to the company/developer.
The grant will pay up to 75% of the deficiency.
The term of the grant will not be more than 5 years.
The amount of the grant shall not exceed $5 million.

25. Solar Energy Program Eligible Applicants
A Business (for-profit and not-for-profit)
An Economic Development Organization
A Political Subdivision
Eligible Projects
Solar projects, including facilities to generate, distribute, or store solar energy, as well as manufacturing or assembly facilities for solar panels or other solar equipment. Solar photovoltaic (electric) and solar thermal (hot water) technologies are eligible. Projects must have a useful life of at least four years.
The development or construction of facilities used for the research and development of technology related to solar energy.

26. Solar Energy Program Loans Loan Amount
A manufacturer of solar equipment shall not exceed $35,000 for every job created within 3 years.
A solar energy generation or distribution project shall not exceed $5 million or $2.25 per watt, whichever is less.
A solar research and development facility or a solar thermal project shall not exceed $5 million.
Repayment Term – Not to exceed 10 years for equipment and 15 years for real estate.
Interest Rate – Will be fixed at the time of approval of the loan.
Security – All loans are to be secured by a lien on the asset financed. Additional security may be required.
Grants
A manufacturer of solar equipment shall not exceed $5,000 for every job created within 3 years
A solar energy generation or distribution project shall not exceed $2.25 per watt.
A solar research and development facility or a solar thermal project shall not exceed $1 million.
Any grant used solely for planning or feasibility studies shall not exceed 50% of the total cost of the planning project or $175,000, whichever is less.
Guarantee
The Authority may award grants to applicants that would serve as a guarantee for the financing in the project.
A standby letter of credit issued directly to the company/developer.
Grant will pay up to 75% of the deficiency.
The term of the grant will not be more than 5 years.
The amount of the grant shall not exceed $30 million.

27. High Performance Building Program
Eligible Applicants
A Small Business (for-profit)
An Individual – any person engaged in the construction or renovation of a dwelling that he or she currently occupies or will occupy as a primary residence.
Eligible Projects
Projects are limited to the construction or renovation of a building for the use of a small business and/or for the primary residence of an individual.
Standards adopted herein are intended to optimize the energy performance of buildings; increase the use of and demand for environmentally preferable building materials, furnishes and finishes; reduce pollutant and waste generation; select appropriate sites; improve environmental quality; promote good building operations practices and conserve natural resources in the Commonwealth.

28. High Performance Building Program
Loans
Loan Amount
Small business projects shall not exceed $2 million or 50% of TPC, whichever is less
Individual residential projects shall not exceed $100,000.
Repayment Term – Amortization not to exceed 25 years and repayment not to exceed 10 years.
Interest Rate – Will be fixed at the time of approval based on 10-year Treasury plus 250 basis points
Security – All loans are to be secured by a lien on the asset financed. Additional security may be required.
Guarantees
The Authority may award grants to applicants that would serve as a guarantee for the financing in the project.
A standby letter of credit issued directly to the business or individual.
The term of the grant will not be more than 5 years.
The amount of the grant shall not exceed $2 million for a business and $100,000 for an individual.
Grants
Shall not exceed $500,000 or 10% of the total eligible building construction/renovation costs, whichever is less. An eligible applicant may apply for a grant or a loan, but not both for the same building project.