REVOLVING LOAN FUNDS (RLF)

OVERVIEW:
For-profit small business with less than 100 employees. The RLF program is administered by the Southwestern Pennsylvania Commission (SPC).


LOAN LIMITS:
50% of total project cost or $300,000; whichever is less
Construction Costs will fall under Davis-Bacon Prevailing Wage Guidelines
Max for Working Capital is $100,000


TERMS:
Land and Building: Up to 15 Years
Machinery and Equipment: Up to 10 Years
Working Capital: Up to 3 Years
Never longer than the bank term


LOW FIXED RATES: Please call for the current rate


COSTS: 1% Application Fee


REQUIREMENTS:
1:1 match (other private/public financing, owner investment,etc.)
Personal guarantees of principals
Assignment of life insurance on principals
Create or retain one full-time job for every $50,000 borrowed


-No Prepayment Penalty

Loan Programs can be combined to meet larger financing needs up to $900,000 (based on availability of funds)


FOR MORE INFORMATION:
RLF Fact Sheet

CONTACT US:
Ph: (724) 830-3061
Fx: (724) 830-3611

Show All Answers

1. MANUFACTURING TECHNOLOGY LOAN FUND (MTLF)
2. PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PEDFA)
3. PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY (PIDA)
4. REVOLVING LOAN FUNDS (RLF)