Dauphin County Community & Economic Development organizations can help with your business expansion, start-up or relocation to Dauphin County. We can assist you with packaging your loan or development proposal, so it has the greatest chance for success in obtaining financing from the following government loan programs, many with below market interest rates.
For additional information, contact Skip Memmi.
Dauphin County Industrial Development Authority
Up to 100% Tax-Exempt Bond Financing for industrial, manufacturing, non-profit and environmental projects.
Up to 100% Taxable Bond Financing for most other projects, all with lower interest rates than conventional financing.
Community First Fund
for qualified borrowers, loans up to $35,000 for the start or expansion of a small business. Interest rates starting at 9.5% and terms up to 5 years.
SBA Pre-Qualification Loan Program
Part of the SBA 7(a) loan program has been developed to provide support and assistance in the loan process to firms 51% or more owned and actively managed by a minority person(s) and/or woman(en). Loans up to $250,000.00
Enterprise Zone Loans
- up to $250,000 at low interest rates to manufacturing, office buildings, warehousing, and other facilities located in the zone.
Small Business First
Up to $200,000.00 available to manufacturing, industrial, export related, advanced technology, computer related services, hotels/motels, restaurants, defense related firms and recyclers or municipal/commercial waste for Real Estate, M&E and Working Capital.
SBA Export Working Capital Loan Program
Provides working capital funds which allow businesses to complete export sales by providing a loan guarantee of 90% on borrowed funds for working capital up to $1,000,000.
USDA Rural Development Business & Industrial Loan Guarantee Program
Available to any legal entity, including individuals, public and private organizations (except agriculture production which is not part of integrated business involved in the processing of agricultural products) located in rural area.
Guarantees are limited to maximum loan of $10 million, although the RBS Administrator can approve up to $25 million.
Ben Franklin Technology Partners
investments up to $200,000. Provides seed funding for start-ups, as well as development money for established, technology based companies, to create or retain jobs in the area.
Pennsylvania Industrial Development Authority
Up to $1.5 million at below market interest rates for land and building costs.
Eligible Businesses: manufacturing, industrial, agri-business, computer and clerical operation centers, office buildings used as national/regional headquarters and R&D facilities.
Pennsylvania Economic Development Financing Authority (PEDFA)
Tax-Exempt Bond Program - Manufacturing, 501(c)(3) organizations, and certain exempt facilities (sewage treatment, solid waste disposal projects, etc.) with a minimum loan of $10 million for manufacturing; no upper limit for other projects.
Conventional Bond Program - All business projects, other than certain residential units with a minimum of $400,000.00 an no maximum loan size.
Pennsylvania Machinery & Equipment Loan Fund (MELF)
Up to $500,000.00 or 50% of the total eligible project costs available at below market interest rate.
Available to for-profit manufacturing, industrial, agricultural processors and mining operations.
SBA 504 Loan Program
Up to 1,000,000 (1.3 million in rural areas) or 40% if total eligible project costs available for any for-profit small business.
SBA 7(a) Loan Program
Small business loan guarantee program available through participating banks and lending institutions.
SBA guarantee is 75% on loans up to $1,000,000.