Small Business First (SBF)

  • Any project except mercantile, commercial or retail operations and personal/professional services is eligible.
  • Maximum loan amount for working capital is $100,000 or 50% of total project, whichever is less.
  • One full time job must be created or retained for each $25,000 borrowed.
  • Term is three years.
  • Current interest rate is 5%.
    • Pennsylvania Economic Development Financing Authority (PEDFA)

    Taxable and tax-exempt bond financing may be used for working capital and refinancing in specific circumstances.