Micro Loan – Northwest Pennsylvania Regional Planning & Dev. Commissio

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Areas Served: Clarion, Crawford, Erie, Forest, Mercer, Lawrence,

The Northwest Pennsylvania Regional Planning & Dev.

Commission offers a SBA Micro Loan fund for Pennsylvania businesses in Clarion, Crawford, Erie, Forest, Mercer, Lawrence, Venango and Warren counties.

Maximum Loan
• Loans up to $20,000 Eligible Uses
• Machinery and equipment purchases (new or used) and related expenses
• Working Capital Terms
• Machinery and Equipment – 5 years
• Working Capital – 3 years Rates
• Presently fixed at 6% Deposit/Contribution
• $100/year Other Financing
• Project must be less than $105,000. Matching funds may be required Eligible Applicant
• Preference will be given to businesses with ten employees or less Conditions
• Business plan reviewed by Small Business Development Center
• Substantiation of expenditures required prior to disbursement
• Franchise must be approved by SBA
• Credit report will be obtained
• Child support verification
• ACH payments required Collateral
• Adequate collateral required

Contact Information
Northwest Pennsylvania Regional Planning & Dev. Commissio
Address: 395 Seneca Stree
City: Oil City
State: Pennsylvania

Website: http://northwestpa.org/business-financing/

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