Financing
HCBI is the gateway to local, regional, state and federal financing programs for business expansion. These financing programs are aimed at supporting business growth, while ensuring local job retention and job creation. Below are a sample of available financing programs and associated interest rates as of September 15, 2006. Please note that interest rates are controlled by the lending entities and are subject to change. Contact Lorenn Schouppe-Wright , HCBI Director of KIZ, for the most recent rates or to discuss your businesses financing needs.
Community Economic Development Loan Fund - 2.0%
Enterprise Zone Competitive - 2.0 to 4.0%
Enterprise Zone Revolving Loan - Prime -2% to Prime
First Industries Agriculture - 5.0%
First Industries Tourism - 5.0%
Machinery and Equipment Loan Fund - 4.75%
PA Industry Development Authority Loan Program - 5.25%
Southern Alleghenies Planning & Development Commission Revolving Loan Fund - 4.0%
Small Business First Fund - 5.0%