Local Financing

The staff of ABCD Corp. will work closely with your team to identify all of the available incentives and financing packages. Contact us today for a consultation to determine which programs meet your specific needs.

PROGRAM ELIGIBILITY USES AMOUNTS TERMS
Small Business Administration 504 Loan Program (SBA 504) - Expanding Business
- Small Business
- Fixed Asset Financing
- Plant Acquisition, construction, renovation
- Land and site improvements
- Acquisition and installation of machinery and equipment
- Up to 40% of eligible project costs
- Fixed Rate and term of 10 or 20 years
- 50% of financing from private financial institution
- Minimum of 10% equity injection (15% if start-up)
- Average after tax profit of not more than $3 Million for each of the last 2 years.
- Tangible net worth of not more than $8.5 Million
- Minimum total project cost is about $150,000
USDA Rural Micro-entrepreneur Assistance Program (RMAP) - Rural Area defined as population under 50,000
- Business with no more than 10 full time employees
- Purchase/Lease of real estate
- Working Capital
- Debt Refinancing
- Business Acquisitions
- Purchase of inventory, equipment, furniture, fixtures
- Limited to $50,000 or less - 3 to 7 year terms
- 4.50%
USDA Intermediary Relending Program (IRP) - Corporation, Partnership, LLC, Non Profit, Public Body
- Rural Area defined as Population less than 25,000
- Business Acquisition, Construction, Conversion, Repair
- Equipment, Improvements, Machinery
- Purchase of Land
- Pollution control
- Working Capital, Feasibility studies
- Loans up to $150,000 - 4.50% fixed rate
-Term based on asset being acquired, 3 years for working capital, up to 15 years for land and building
Blair County Industrial Development Authority (BCIDA) Tax-Exempt - Manufacturing Facilities
- Exempt Facilities
- Non-Profit 501 ( c ) (3) Facilities
- Land, building, new equipment, refunding, closing costs (no more than 2%) - Manufacturing companies: Cannot incur $10 Million in capital costs in 6 year period beginning 3 years prior to bond closing
- May not exceed $40 Million
- Non profit may not incur more than $150
- $50,000 cost per job created or retained within three years
- Cannot exceed 120% of depreciable life of assets
PA Small Business First Fund (PA SBFF) - For Profit, 100 employees or less – Manufacturing, industrial, R&D, construction, technology, hotel/motel, restaurants - Land and building acquisition & construction
- Machinery & Equipment
- Working Capital
- Environmental compliance
- Loans up to $200,000 or 50% of eligible costs
- Working capital maximum $100,000 or 50% of eligible costs
- Up to 15 year term for land/building
- 10 years for machinery & equipment
- 3 years for working capital – Rate of 3.50%
- $25,000 cost per job created