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 First Industries Tourism Program

Eligible Applicants

Any for-profit business engaged in tourism-related activities.


Eligible Use

Land acquisition, site improvements, acquisition of existing building, building renovation, leasehold improvements, new construction, machinery & equipment, working capital, and certain soft costs.


Loan Amount

$200,000 or 50% of the eligible project costs, whichever is less.  Loans for working capital cannot exceed $100,000.


Interest Rate

The current rate is 4.00% fixed for the life of the loan.  This rate is good for loans received by DCED through March 31, 2017, at which time the rate will be adjusted based on the 10-year treasury rate + 1.50%.



Three (3) years for working capital; up to ten (10) years for machinery and equipment; up to fifteen (15) years for real estate.  Blended term will apply for mixed use of funds.


Equity Requirements

For existing businesses (more than two years of operations), borrower must provide a minimum of 10% of the project cost.  For start-ups or changes in ownership, borrower may be required to provide 15% of the project cost.  Other factors of the loan may reduce the need for equity into the project.


Job Criteria

One full-time job to be created or in some cases retained for every $25,000 of Small Business First funds in the project within three years of disbursement.


SEDA-COG charges a 1% commitment fee, a 1% closing fee, and a minimum $500 legal fee.

If you feel that you meet these requirements, and your business is located (or will be locating) in one of the following counties in Pennsylvania:

Centre Lycoming Perry
Clinton Mifflin Snyder
Columbia Montour Union
Juniata Northumberland

and are interested in exploring how this loan program can assist you, please fill out this form, and we will get back to you as soon as we can. You can also contact us through e-mail, although for serious inquiries, please complete the form.