Where to Apply EDC Finance Corporation is the Area Loan Organization for SBF loans in Lancaster County, Pennsylvania. Call 717-397-4046 for additional information or with questions: John Biemiller, vice president Lyle Hosler, project manager

SBF Program Summary

Low interest loans

• Available to small businesses (100 employees or fewer)
• Administered through EDC Finance Corporation, Lancaster County's Area Loan Organization

Eligibility

Small business (100 employees or fewer) involved in the following enterprises:

• Manufacturing
• Industrial
• Agricultural
• Construction enterprises
• Child day-care centers
• Technology oriented and computer-related services
• Hotels, motels, or restaurants (established non-start ups)
• Environmental compliance/pollution prevention
• Municipal or commercial recyclers
• Export-related
• Military and defense-related
• Mining

Uses & Purposes of Funding

• Land and building acquisition and construction
• Machinery and equipment purchases, maintenance, upgrades and repairs
• Working capital
• Environmental compliance/pollution prevention

Amounts

• Loans up to $200,000 or 50% of total eligible project costs, whichever is less
• Maximum loan amount for working capital is $100,000 or 50% of total eligible project costs, whichever is less

Terms

• Interest rate: 10-year U.S. Treasury rate plus 100 basis point (fixed at time of application)
• $25,000 loan per job retained or created
• Up to 15-year term for land and building
• Up to 10-year term for machinery and equipment
• Up to 3-year term for working capital

Fees

• 2.0% commitment fee
• $2,000-$2,500 legal fee
• Title insurance (real estate only)
• $150-$300 recording & other fees

Guidelines

Small Business First (SBF) Program Guidelines