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Welcome to WEDCorp.org - / Resources / Financing / LoansSaturday, September 20, 2014

Financial tools to help you buildWEDCO facilitates a number of state and federal programs that give relocating businesses incentives to choose Wayne County and our local companies instruments for growth. The type of business you have, the purpose for your loan, and the number of jobs created all factor into your eligibility.  WEDCO is not a lendor; we will assist with the application process and work with appropriate agencies and economic development professionals to construct the best plan for your success.

Below are links to guidelines for various loan programs.  Under the Corbett administration, DCED is proposing to consolidate  multiple programs into the Liberty Loan Fund.  It is anticipated that some of the programs found below will be incorporated into the LLF.   Contact WEDCO to learn how and where to apply, or visit DCED’s website for specific program guidelines.


Pennsylvania Industrial Development Authority (PIDA)
Low-interest loan financing through Industrial Development Corporations for land and building acquisition, construction and renovation, resulting in the creation or retention of jobs.

Small Business First (SBF)
Funding for small businesses, including: low-interest loan financing for land and building acquisition and construction; machinery and equipment purchases and working capital.

Machinery and Equipment Loan Fund (MELF)
Low-interest loan financing to acquire and install new or used machinery and equipment or to upgrade existing machinery and equipment.

First Industries Fund - Agriculture
Low-interest loan financing for land and building acquisition and construction; machinery and equipment purchases and working capital for eligible businesses within the agriculture industry.

First Industries Fund - Tourism
Low-interest loan financing for land and building acquisition and construction; machinery and equipment purchases and working capital for eligible businesses within the tourism industry.

Export Finance Program
Working Capital and Accounts Receivable financing in amounts of up to $350,000 for beginning or expanding small businesses.

Pennsylvania Infrastructure Investment Authority (PENNVEST)
Low-interest loans for design, engineering and construction of publicly and privately owned drinking water distribution and treatment facilities, storm water conveyance and wastewater treatment and collection systems.

 

Pollution Prevention Assistance Account (PPAA)
Assistance for small businesses that helps implement pollution prevention and energy-efficiency projects, enabling these businesses to adopt or install equipment or processes that reduce pollution or energy use.


 

 
 

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Wayne County - Located along Pennsylvania’s I-84 Corridor. A northeast location with lower costs, growing labor force, and excellent highway access.
With I-81 and I-380 just minutes away, New York, New Jersey, and the New England markets are easily reached in 2 to 3 hours.