SEDA-Council of Governments      Your Resource for Business Solutions

Pennsylvania Industrial Development Authority (PIDA)

		All information is subject to change per the PA DCED
SEDA-Council of Governments 201 Furnace Road Lewisburg, PA  17837 570-524-4491 570-524-9190 Fax 1-800-326-4086 finance@seda-cog.org http://finance.seda-cog.org Serving the following counties in PA: Centre Clinton Columbia Juniata Lycoming Mifflin Montour Northumberland Perry Snyder Union and Serving the entire State of Pennsylvania for the SBA 504 Program and USDA B&I Guaranty
		For-profit manufacturing and industrial firms, research and development facilities, agricultural businesses, warehouse and terminal facilities, office buildings uses as regional or national headquarters, and computer and clerical centers.
		Land and building acquisition, construction, and/or expansion of existing buildings.
		Up to $1,250,000 ($1,750,000 in certain cases).  The maximum participation is dependant upon the county where the project is located.  Participation ranges from 30% to 50%.
		The rate is based on the Prime Interest Rate and the unemployment rate of the county where the project is located; rates range between 4% and 5% fixed for the life of the loan.  High Tech companies or projects located in a KOZ would qualify for the 4% rate.  See the table below for specific rates.
		15 years.
		Equity requirements differ depending on the county where the project is located.  Equity requirements range from 10% to 20%.
		One job to be created or in some cases retained for every $35,000 of PIDA funds in the project within three years of disbursement.
		PIDA charges a 1% commitment fee on the loan amount.  The Industrial Development Corporation in the county where the project is located charges an application fee.  These fees vary by county and organization.

PIDA Rates and Participation Levels by County
County	Rate	% Participation Small Business*	% Participation Large Business	Equity Requirement
Centre	4%	40%	40%	10%
Clinton	4%	50%	40%	10%
Columbia	4%	40%	40%	10%
Juniata	5%	40%	40%	10%
Lycoming	4%	40%	40%	10%
Williamsport City	4%	50%	40%	10%/20%**
Mifflin	4%	40%	40%	10%
Montour	4%	40%	40%	10%
Northumberland	4%	40%	40%	10%
Perry	5%	40%	30%	10%/20%**
Snyder	4%	40%	40%	10%
Union	4%	40%	30%	10%/20%**
* Small Business - Less than 50 existing employees including parent, subsidiaries and affiliates
** 10% equity for small businesses; 20% for large businesses
Note:  The interest rate will be 4% for projects located in the following targeted areas: Enterprise Zones Keystone Opportunity Zones Keystone Opportunity Expansion Zones Brownfield Sites Federal Empowerment Zones Federal Enterprise Communities Financially Distressed Municipalities under Act 47 Advanced tech projects also qualify for the 4% rate

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 we request that for serious inquiries, completion of the form is desirable.