215-348-9031  |  115 WEST COURT STREET  |  2ND FLOOR  |  DOYLESTOWN, PA 1890

Diverse Business Financing Initiative (DBFI)

Program Overview

The Pennsylvania Department of Community and Economic Development has launched the Diverse Business Financing Initiative (DBFI) to support and grow qualifying diverse businesses committed to full-time job creation and retention.Small businesses operated by minorities, women, veterans, service-disabled veterans, LGBT individuals, and more qualify for low-interest loans packaged and underwritten by the Bucks County Economic Development Corporation (BCEDC) in partnership with PIDA.


Land and building acquisitions; building construction and renovation costs; machinery and equipment; working capital


To qualify for loan financing through the DBFI, a business must be PA-based and for-profit with fewer than 100 employees worldwide and be minorities, women, veterans, service-disabled veterans and LGBT individuals. Many business sectors are eligible, including manufacturing, industrial, agricultural, research and development, hospitality, defense conversion, recycling, construction, child day-care, retail and service, export, and computer-related service enterprises. 


The DBFI will provide a maximum loan of $100,000 to finance a portion of total eligible project costs. The BCEDC considers a variety of factors when determining the loan amount, including the proposed use of funds, the amount matched by outside sources, and the anticipated number of full-time jobs created or retained.


Land and building acquisitions and construction and renovation costs: up to 10 years
Machinery and equipment purchases: up to 7 years


Collateral is required based on the asset being financed. Several factors are considered, including mortgages, machinery and equipment, inventory, receivables, blanket lien against business assets, and personal guarantees required by the principal owners. Personal owners are individuals with 20% or more ownership in the operating entity.


The BCEDC packages the loan application contingent on business qualification for the DBFI program. The interest rate and required collateral are to be negotiated between the BCEDC and the borrower.

More Information

Diverse Business Financing Initiative Fact Sheet

This website uses cookies that are necessary to its functioning and required to achieve the purposes illustrated in the privacy policy. By accepting this OR scrolling this page OR continuing to browse, you agree to our privacy policy.