PIDA loan rates drop 4th quarter 2019
PIDA (Pennsylvania Industrial Development Authority) interest rates are the lowest they have been all year. Rates are as low as 1.75% for Real Estate or Land and Machinery & Equipment 2.75% fixed.
Why choose a PIDA loan?
Many businesses are eligible for this type of loan. PIDA is not a substitute for conventional bank lending but works in conjunction with banks or other lenders to provide as much as 50% of the project cost to a maximum of $2,000,000. PIDA's below market interest rate is a major benefit for cash flow savings.
To learn more about how the low interest rates can assist your business goals, Contact BCEDC, 215.348.9031