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Small Business First Division Loan Programs. Small Business First (SBF) First Industries Agriculture SBF First Industries Tourism SBF Community Economic Development (CED) Pollution Prevention Assistance Account (PPAA) Export Finance Program (EFP). Small Business First (SBF).

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Small Business First Division Loan Programs


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    1. Small Business First Division Loan Programs • Small Business First (SBF) • First Industries Agriculture SBF • First Industries Tourism SBF • Community Economic Development (CED) • Pollution Prevention Assistance Account (PPAA) • Export Finance Program (EFP)

    2. Small Business First (SBF) Eligible Businesses: • Manufacturing Enterprise • Industrial Enterprise • Research & Development Enterprise • Hospitality Enterprise • Defense Conversion Enterprise • Recycling Enterprise • Construction Enterprise • Computer Related Services Enterprise • Child Day Care Enterprise

    3. First Industries Agriculture SBF Eligible Businesses: • Production Agriculture • Agribusiness: i.e. food processor • Sale of farm commodities at wholesale • Sale of farm commodities by urban and retail supermarkets • Farmers’ Markets

    4. First Industries Tourism SBF Eligible Businesses: • PA Destination Sites • Hospitality Establishments • Businesses that develop and market travel packages for PA • Tourism related activities promoting overnight visits to PA

    5. SBF & First Industries SBF Uses & Terms: • Land & Building Costs 15 years • Machinery & Equipment 10 years • Working Capital 3 years Loan Amounts & Rates: • 50% of total eligible project costs up to $200,000 • 50% of total eligible project costs up to $100,000 for WC • Rate based on 10 year treasury rate plus 100 basis points. Rates are fixed throughout life of loan. Other: Application must be packaged by an Area Loan Organization (ALO) No job creation/retention requirement for agricultural producers Small Business – 100 or fewer full-time employees

    6. SBF & First Industries SBF Other Requirements: • Must be located in Pennsylvania • Creation or Retention of 1 full-time job for every $25,000 • For-profit businesses only (except for child day care) • Personal / corporate guarantee(s) • Funds may not be used to refinance • Application packaged by an Area Loan Organization (ALO)

    7. Community Economic Development (CED) Eligible Businesses: • For-profit business with 100 or less full-time employees • Mercantile, Commercial, Service, or Retail business

    8. Community Economic Development (CED) Uses & Terms: • Land & Building Costs 15 years • Machinery & Equipment 10 years • Working Capital 3 years Loan Amounts & Rates: • $100,000 or 50% of project costs, whichever is less • Fixed rate – 2%

    9. Community Economic Development (CED) Other Requirements: • Must complete Letter of Intent and be invited to apply • Retain current number of full-time jobs • Require personal / corporate guarantee(s) • Funds may not be used to refinance

    10. Pollution Prevention Assistance Account (PPAA) Eligible Businesses: • For-profit businesses located within the Commonwealth of Pennsylvania and having 100 or fewer full-time employees worldwide at the time of submission of the application. • Program financing for eligible small business that adopts or installs pollution prevention or energy efficient equipment or processes that reduce or reuse raw materials on-site, reduce the production of waste, or significantly reduces energy consumption and are directly related to business activity

    11. Pollution Prevention Assistance Account (PPAA) Examples of Eligible Activities: • Energy Efficiency Projects • Closed Loop Cooling or Process Water Systems • Equipment and Process Changes that Reduce the Production of VOCs • Equipment that Reduces Chemical Use in Industrial and Treatment Processes • Equipment that Converts Waste Material to a Usable Form • Reusable Materials Handling Equipment

    12. Pollution Prevention Assistance Account (PPAA) Uses & Terms: • Machinery & Equipment / Installation Up to 10 years Loan Amounts & Rates: • 75% of total eligible project costs up to $100,000

    13. Pollution Prevention Assistance Account (PPAA) How to Apply: • Business must first apply for eligibility through DEP • Application is packaged by the respective ALO and submitted to the Department by the ALO on behalf of the business

    14. Pollution Prevention Assistance Account (PPAA) Other Requirements: • Retain current number of full-time jobs at time of submission • Require personal / corporate guarantee(s) • Funds may not be used to refinance

    15. Export Finance Program • Purpose: • Provide working capital and accounts receivable lines of credit for Pennsylvania businesses to export its goods or services • Criteria: • Operate as a going concern in PA • Have 250 or less full-time employees • Operating history of at least one year

    16. Export Finance Program • Amounts: - Lines of credit up to $350,000 • Rates: - Based on 10 year treasury rate plus 100 basis points. Rates are fixed. • Term: - 12 months. Line of credit can be renewed. Payments are due within 24 hours of receiving payment from importer. • Fees: - Commitment fee of ½%. Renewal fee of ½%.

    17. Contact Information Small Business First Division Office of Innovation and Investment Jared Lucas, Director Phone – 717-346-8006 Email – jarlucas@pa.gov Website – www.newpa.com