PA Catalyst Fund
Pennsylvania’s State Small Business Credit Initiative (SSBCI) was established under the American Rescue Plan Act of 2021 (ARPA) in response to the economic effects of the COVID-19 pandemic to help small businesses gain access to capital.
Key Benefits
- Loans will be up to 50% of total financing.
- The revolving loan funds will be matched by private loans that will create lending and investment opportunities to small businesses that need additional support and resources to expand and create jobs.
Funding Uses & Purposes
- Land acquisition
- Building construction expansion or renovation
- Acquisition of machinery & equipment
- Soft costs related to above items
- Commercial mortgage refinancing
- Working capital
Eligibility
- Borrowers must be for-profit businesses or farms with less than 500 employees at the time of application, located in Bucks County.
For more information and to talk to someone about the program complete the form here, https://bcedc.com/funding-sources/loan-programs/other/pa-catalyst-fund or call Jim, 484.352.4175 or Bob, 484.352.4171.
