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News Notices & Publications: New low-interest loans offered through SEDA-COG

Title

New low-interest loans offered through SEDA-COG

Announcement Type

News

Date Published

8/17/2017

Regional Spotlight

Yes

Short Description

 

Body

For a limited time, businesses and farms can tap into loans with ultra-low interest rates offered through SEDA-Council of Governments (SEDA-COG).

 

The 2 percent interest rate for Pennsylvania Industrial Development Authority (PIDA) loans through the state Department of Community and Economic Development (DCED) are available until the end of the year or until lending caps are met, whichever is first.

 

Those interested should contact SEDA-COG before Nov. 15 as applications need to be received by DCED by Dec. 31 to get this excellent rate locked in.

 

The PIDA board approved this interest rate incentive to encourage businesses to make investments and grow jobs in Pennsylvania. 

Thus far in 2017, PIDA has approved more than $29 million in low-interest loans that have resulted in more than $143 million in private investment and supported 1,411 new and retained full-time jobs. 

Over the past month, PIDA approved a total of more than $2 million in fixed, low-interest loans to seven projects in Bucks, Cumberland, Franklin, Lancaster, and Perry counties that will generate more than $5.5 million in matching capital investment.

PIDA loans through SEDA-COG are available for small businesses and farms located in Centre, Clinton, Columbia, Juniata, Lycoming, Mifflin, Montour, Northumberland, Perry, Snyder, and Union counties.

For more information, contact SEDA-COG’s Roxanne Greising (rgreising@seda-cog.org), John Reichard (jreichard@seda-cog.org), Ray Haden (rhaden@seda-cog.org) or call 570-524-4491, or visit http://ow.ly/CGif30dvrHA for eligibility guidelines.

Expires on Website

8/17/2022

Keywords

PIDA business finance loans farms low interest rates

Attachments

Created at 8/17/2017 9:33 AM by Liz Regan
Last modified at 8/17/2017 9:33 AM by Liz Regan