PIDA and Catalyst Loan Rates
PIDA Loans rates valid until 3/31/2024
PIDA loans are available to manufacturers, wholesale/distributors, or for office projects in which the PIDA-funded office will be the national or regional headquarters for the occupying company. PIDA projects are typically owner-occupied, although developers may apply for investment properties under certain circumstances. Mercantile, commercial and retail projects are ineligible.
Real Estate: 5.00% fixed for 15 years*
Machinery Equipment: 5.00% fixed for life of the loan
*other options available
Catalyst Loan rates are valid until 04/30/2024
Land acquisition, building construction expansion or renovation, acquisition of machinery & equipment, soft costs to those items, Commercial mortgage refinancing, Working capital.
Borrowers must be for-profit businesses or farms with less than 500 employees at the time of application.
5.50% fixed rate
For more information about BCEDC loan programs go to Loan Programs or contact BCEDC Loan Manager, Jim Pawlikowski, 484.352.4175.