First Industries Fund (FIF)

Overview

The First Industries Fund (FIF) is a program aimed at strengthening Pennsylvania’s agriculture and tourism industries through loan guarantees. The program is administered by the Department of Community & Economic Development (DCED) under the direction of the Commonwealth Financing Authority (CFA).

Uses

Land and building acquisition and construction, machinery and equipment purchases and upgrades, working capital.

Funding

Loan Guarantees: 50 percent of outstanding principal balance up to $2.5 million (up to 90 percent of outstanding principal balance up to $2.5 million for agricultural projects).

Eligibility

Please refer to program guidelines for eligible applicants.

Terms

Terms of guaranteed loans are negotiated by the borrower and the lending institution making the loan.

How to Apply

Enrolled lending institutions – (Lending institutions wishing to enroll should contact DCED’s Center for Private Financing at 717.783.1109).

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