Small Business First
Funding for small businesses, including: low-interest loans for land and building acquisition and construction, machinery and equipment purchases, and working capital.
Machinery and Equipment Loan Fund
Low-interest loan financing to acquire and install new or used machinery and equipment or to upgrade existing machinery and equipment.
First Industries Fund Loan Guarantees
First Industries loan guarantees provide private lenders with a risk management tool, and agricultural borrowers access to private credit sources at potentially lower-risk rates and terms. Once the lender and the loan are approved by CFA, lenders receive a certificate from CFA promising to repay the loan at 50 cents on the dollar if it turns out that the borrower cannot repay. The total pay-off cannot exceed $2.5 million.
Next Generation Farmer Loan Program
The Next Generation Farmer Loan Program (NGFLP) encourages lenders to finance beginning farmers by allocating a portion of the Commonwealth’s private activity bond volume cap to first-time farmer projects. The loan is made at the lender’s credit standards and other terms and conditions. However, because the program exempts the lender from owing Federal, State, or county income taxes on the interest it would earn from the loan, the lender can offer a lower interest rate than it usually would offer.
Pennsylvania Industrial Development Authority (PIDA)
PNC Working Capital Growth Fund