MCIDC Business Financing Programs

PENNSYLVANIA CAPITAL ACCESS PROGRAM (PENNCAP)

Description: Through participating banks, loan guarantees are provided to support a wide variety of business purposes.

Eligibility: All businesses with capital needs

Eligible Uses:

• Land
• Building
• Equipment
• Working capital

Where to Apply: Participating banks

Amounts: Guaranteed loans up to $500,000

Terms/Conditions:

Rates and terms negotiated with participating banks
Term loan or line of credit

The Pennsylvania Economic Development Financing Authority bond program provides guarantee for bank loans