Second Stage Loan Program
Loan Guarantees for working capital for 2-7 yr old manufacturing, biotech and technology-oriented companies
Preference will be given to guarantees for working capital. Land, building, machinery and equipment are also eligible.
For first two years, 50 percent of outstanding principal up to $1 million. After first two years, 25 percent of outstanding principal amount.
Banks that do business within Pennsylvania
Program Guidelines to be approved and issued by Commonwealth Finance Authority (CFA). Visit newpa.com to confirm issuance and see details.
How to Apply
Banks will be required to enroll in the program through DCED.
Purpose of Funding
- Land & Building
- Machinery & Equipment – Business
- Working Capital