ABCD Corp. is dedicated to our region and state’s small businesses and has a number of programs designed specifically to meet their financing needs. The highlights of our small business financing programs are outlined below. For further information on these programs and all of our programs please visit www.ABCDcorp.org or contact Barry Surma or Paul Cooney at 814-944-6113.
SBA 504 Program:
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Lending Limits:
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Up to 40% of Elegible 504 Project Costs
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$5,000,000 for Typical Projects
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$5,500,000 for Qualifying Manufacturing & Energy Related Projects
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Loan Structure: 50% Lender – 40% SBA – 10% Owner/Equity
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Terms: Fixed interest rate for the term of the loan of either 10 or 20 years.
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Uses: Land Acquisition; Building Construction; Building Purchase; Leasehold Improvements; Equipment; Renovations and Related Project Costs
Innovate PA Fund:
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Maximum Loan of $500,000
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Minimum 1:1 Private Match
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1 Full-Time Job for every $25,000 Loaned
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4.5% Fixed Interest Rate
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Terms: Up to 15 years for Real Estate; 5-7 years for Machinery & Equipment; 1-3 years for Working Capital
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Uses: Land & Building Acquisition; Construction; Leashold Improvements; Machinery, Equipment & Inventory; Pollution Controls; Environmental Abatement; Operating Costs and Working Capital
RMAP Microloan Financing:
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Maximum Loan of $50,000
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4.5% Fixed Interest Rate
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Terms: 10-15 years for Real Estate; 7 years for FF&E; 3 years for Working Capital
- Uses: Purchase of Furniture, Fixtures, Equipment, Supplies & Inventory; Business Acquisition; Working Capital and in Certain Cases Debt Refinancing
