Financing » Loans

PIDC initiates loans ranging from $75,000 to as much as $100 million on below-market terms that include low interest rates, extended terms, or subordination to senior private financing. Loan amounts are generally determined based on the number of jobs to be created by a project and limited to no more than 40% of total project cost. In addition to financing of capital improvement projects, financing products include working capital and loan guarantees for smaller emerging companies, bridge loans for Commonwealth grant programs, and capital for projects that promote sustainable green building practices.

  • Capital Projects
    Capital projects, which typically include substantial renovation, new construction, purchase of machinery and equipment together with related land acquisition and soft costs, that retain or create employment and demonstrate a financial need can be funded with the following PIDC Loan Programs:
  • Working Capital
    Working capital and loan guarantees are available on a limited basis to smaller emerging and non-profit companies from the following PIDC Loan Programs:
  • Sustainability
    Capital projects that promote sustainable, green building practices can be funded with the following PIDC Loan Programs:

PIDC staff is available to provide customized assistance in economic feasibility analysis and in structuring of public funding. To explore PIDC Loan Program opportunities for your development project or business, please contact Chamor Hollinger at 215-496-8157 or chollinger@pidc-pa.org