Small Business First – Department of Community and Economic Development

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Quick Reference

Areas Served: Statewide Pennsylvania

Small Business First is a low-interest loan fund for small businesses for land and building acquisition and construction; machinery and equipment purchases and working capital.

Uses Land and building acquisition and construction; Machinery and equipment purchase and upgrades; Working capital; Environmental compliance/pollution prevention Funding Loans up to $200,000 or 50% of total eligible project costs, whichever is less; Maximum loan amount for working capital is $100,000 or 50% of total eligible project costs, whichever is less Eligibility A for-profit small business (100 employees or less) which are: Manufacturing: Industrial; Agricultural enterprises; Research and development; Construction, advanced technology and computer-related services; Hotels, motels, or restaurants; Environmental compliance/pollution prevention; Municipal or commercial recyclers; Defense-related; Child development Terms $25,000 cost per job retained or created; Up to 15 year term, for land and building; Up to 10 year term for machinery and equipment; Up to 3-year term for working capital.

Contact Information
Department of Community and Economic Development
Address: 400 North Street, 4th Floor
City: Harrisburg
State: Pennsylvania

Website: http://www.newpa.com/find-and-apply-for-funding/funding-and-program-finder/small-business-first

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