The City of Bethlehem offers loan programs for businesses in Bethlehem, Pennsylvania.
Fund for Revitalization and Economic Development: Known as FRED, this is low-interest “gap” financing to businesses creating and/or retaining employment opportunities for low- to moderate-income City residents, or removing slum, and blight.
Facade Program: This is a low-interest loan for restoring storefronts and building facades in designated business districts.
Bethlehem Loan Pool: This financial pool is used to foster and assist development, renewal, and improvement of businesses.
To retain and create jobs, sub-prime interest financing is offered for economically viable businesses to locate, expand, or remain in the City.
Loan funds may be used for property acquisition, new construction, building renovation and rehabilitation, and the purchase of machinery and equipment.
All applicants must be located in or relocating to the City of Bethlehem.
Preference is given to applicants who are locating their business in targeted areas in the City including Bethlehem’s Enterprise Zone.
The maximum loan amount is 40% of eligible costs, with a minimum of $100,000 up to a maximum of $2,000,000. Specific loan programs include:
City of Bethlehem, Pennsylvania
Address: 10 East Church St