Open
Second Stage Loan Program
Pennsylvania Department of Community & Economic Development
Who can apply
Banks that do business within Pennsylvania
About this opportunity
Loan Guarantees for working capital for 2-7 yr old manufacturing, biotech and technology-oriented companies Preference will be given to guarantees for working capital. Land, building, machinery and equipment are also eligible. Banks that do business within Pennsylvania For first two years, 50 percent of outstanding principal up to $1 million. After first two years, 25 percent of outstanding principal amount.
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