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Financing Assistance Program

The Financing Assistance Program provides clients with:

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  • Information on bank and government lending programs.
  • Assistance in determining which loan programs or financing options are most appropriate.
  • Help in the preparation of loan packages.

The Financing Assistance Program will also conduct research to determine specifics about various financing programs for businesses in the Lehigh Valley. The program can also serve as a liaison between businesses and loan funds, banks, economic development agencies, the U.S. Small Business Administration, and the Pennsylvania Department of Commerce.

Please click below for information on various loan programs that are available within our service area:

City Programs

County Programs

Regional Microloan Programs

State/Federal Programs

Please NOTE: "The U.S. Small Business Administration DOES NOT offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. While the SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments." The SBDC Financing Assistance Program does not offer services to identify grant funding.

See http://www.sba.gov/financing for more information.

Consulting

A major activity of the Financing Assistance Program is informing clients of financing options. Information on bank and government loan programs is readily available. Once a client determines the amount of funds needed, appropriate funding sources can be identified. With the assistance of the program director, clients are enabled to structure a financial package, possibly utilizing various federal, state, and local programs to obtain the lowest possible blended interest rate. Clients are also helped with the development of an appropriate loan proposal with ratio analysis and cash flow projections.

Networking

The program director works closely with administrators of various alternate bank lending programs. Because of these contacts, clients are able to receive information about the newest developments in loan programs and to structure their loan package to obtain the most favorable interest rates. Through an extensive network of contacts, the program stays abreast of changes in financing program requirements, as well as legislative changes affecting these programs.

Resources and Assistance

In order to receive assistance from the SBDC Financing Assistance Program, clients must first complete a Request for Service Form. The program director will then call to get background information and set the next steps. The counseling engagement may include several interviews and an on-site visit. After a review and evaluation the client's financial situation, a course of action is recommended.

Counseling services are completely confidential and free of charge.

City Programs

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Name

Program Details

Eligible Users

Contact Information

-Bethlehem Small Business Loan Fund-

City of Bethlehem
Loan Funds: $25,000 - $100,000
1 FT job for each $35,000 borrowed
Owner investment required: 20-25%

Property, construction, renovation, predevelopment costs, machinery & equipment, working capital

The Rising Tide Community Loan Fund
Chris Hudock
484-893-1039
https://www.bethlehem-pa.gov/econdev

-Allentown Economic Development Loan Fund-

City of Allentown
Loan Funds: $50,000 - $100,000
Job creation/retention required
Owner investment required: 10%

Contact for eligible uses

City of Allentown Business Development
Bernadette DeBias
610-437-7739
http://www.allentownpa.gov/Work/Capital

-Allentown Enterprise Zone Revolving Loan Fund-

City of Allentown Enterprise Zones
Loan Funds: $10,000 - $100,000
Up to 75% of eligible project costs

Property, construction, renovation, machinery & equipment, equipment modernization, working capital

Allentown Economic Development Corporation
Anthony Durante
610-435-8890
http://allentownedc.com/economic-development/financing-incentives

-Allentown Development Company Loan Program (ADCO)-

City of Allentown
Loan Funds: $10,000 - $75,000
Job creation/retention required
Owner investment required: 10%

Property, construction, renovation, machinery & equipment, working capital

Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

-Whitehall Township Industrial & Community Development Authority Loan Pool-

Whitehall and Surrounding Areas

Property, construction, renovation, machinery & equipment, working capital

Whitehall Township Industrial & Community Development Authority
Howard Lieberman
484-245-4098
http://www.wticda.com/wticda_community_loan_pool.html

County Programs

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Name

Program Details

Eligible Users

Contact Information

-Lehigh and Northampton Counties Revolving Loan Fund-

Lehigh and Northampton Counties
Loan Funds: $10,000 - $50,000
1 FT job for each $10,000 borrowed
Up to 33% of eligible project costs
Owner investment required: 10%

Property, construction, renovation, machinery & equipment, working capital

Lehigh and Northampton Counties Revolving Loan Fund
Christine Cleaver
610-758-5803
http://lncrlf.web.lehigh.edu/

-Northampton County Business Boost Revolving Loan Fund-

Northampton County
Loan Funds: $10,000 - $150,000
Up to 35% of eligible project costs

Property, construction, renovation, machinery & equipment, working capital

Northampton County Department of Community and Economic Development
Dave Hughes
610-559-3200 Ext 9
http://www.northamptoncounty.org

-Northampton County Economic Reinvestment Loan Program-

Northampton County
Loan Funds: $10,000 - $250,000
Up to 30% of eligible project costs

Property, construction, renovation, machinery & equipment, infrastructure improvements, development fees, and site preparation

Northampton County Department of Community and Economic Development
Dave Hughes
610-559-3200 Ext 9
http://www.northamptoncounty.org

-Lehigh Valley Loan Program-

Cities of Easton, Bethlehem, and Allentown

Property, site preparation, machinery & equipment, working capital

Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

-Bucks Rebuilt Loan Program-

Bucks County
Loan Funds: up to $500,000
Up to 40% of eligible project costs

Property, improvements, development of underutilized industrial properties

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Bucks Renewed Loan Program-

Bucks County
Loan Funds: up to $500,000
Up to 40% of eligible project costs

Renovations to downtown building or downtown revitalization

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Bucks Core Industry Loan-

Bucks County
Loan Funds: up to $400,000
1 FT job for each $35,000 borrowed

Property, site preparation, machinery & equipment, working capital

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Bucks Taste and Tour Loan-

Bucks County
Loan Funds: up to $35,000
Up to 80% of eligible project costs

Machinery & equipment, working capital, livestock, feed and seed, renovations

Bucks County IDA
Margaret McKevitt
215-345-3402
http://buckscountyida.com/

-Montco Opportunity Loan Program-

Montgomery County
Loan Funds: up to $250,000
1 FT job for each $50,000 borrowed

Property, machinery & equipment, working capital

Montgomery County
http://www.montcopa.org/index.aspx?NID=1713

Regional Microloan Programs

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Name

Program Details

Eligible Users

Contact Information

-The Rising Tide Community Loan Fund-

Lehigh, Northampton, Bucks, and Montgomery Counties
Loan Funds: up to $35,000 - new
Loan Funds: up to $75,000 - existing

Property, machinery & equipment, inventory working capital

The Rising Tide Community Loan Fund
Chris Hudock
484-893-1039
https://www.bethlehem-pa.gov/econdev

-Community First Fund-

Lehigh, Northampton, and Montgomery Counties
Loan Funds: $50,000 - $500,000

Property, construction, renovation, machinery & equipment, working capital

Community First Fund
Jim Buerger
484-577-4824
http://www.commfirstfund.org/loans-training/loan-products

State/Federal Programs

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Name

Program Details

Eligible Users

Contact Information

-SBA 504 Loan Program-

Lehigh and Northampton Counties
Bucks County
Montgomery County

Loan Funds: up to $1.5 million
1 FT job for each $65,000 borrowed
Up to 40% of eligible project costs
Owner investment required: 10%

Property, construction, renovation, major machinery & equipment

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

-PA Industrial Development Authority (PIDA)-

Lehigh and Northampton Counties
Bucks County

Loan Funds: up to $2 million
1 FT job for each $35,000 borrowed
Up to 60%-70% of eligible project costs

Property, construction, renovation

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

-Small Business First Fund-

Lehigh and Northampton Counties
Bucks County
Montgomery County

Loan Funds: up to $200,000
1 FT job for each $25,000 borrowed
Up to 50% of eligible project costs

Property, construction, machinery & equipment, working capital

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs

Montgomery County:
Montgomery County Development Corporation
David Niles
610-272-5000
http://www.montcopa.org/index.aspx?NID=1713

-PA Minority Business Devleopment Authority (PMBDA)-

Lehigh and Northampton Counties
Bucks County

Loan Funds: up to $750,000
1 FT job for each $15,000 borrowed
Up to 75% of eligible project costs

Property, construction, renovation, machinery & equipment, working capital

Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

-PA Economic Development Financing Authority (PEDFA)-

Lehigh and Northampton Counties
Bucks County

Loan Funds: no less than $400,000
Up to 100% of total project costs

Property, construction, renovation, machinery & equipment, designated infrastructure, refunding of tax-exempt debt

Lehigh and Northampton Counties:
Lehigh Valley Economic Development Corporation
John Kingsley
610-266-0887
http://www.lehighvalley.org/get-financing/business-loans/

Bucks County:
Bucks County Economic Development Corporation
James Pawlikowski, Bob Cormack
215-348-9031
http://www.bcedc.com/funding-sources/loan-programs




The Lehigh SBDC has moved!

Our new address is:

416 E. 5th St,
Bethlehem, PA 18015

We are on the main campus of Lehigh University, one block away from Rauch Business Center and Zoellner Arts Center.

Our phone number and hours remain the same!

@LehighSBDC