PIDA Borrowers Have Two Options
A) Fixed at 4.00% for 15 years
B) Fixed at 2.50% for 7 years, rate reset based on 10 year treasury yield, capped at 4.50%
Other Interest Rates
MELF3.50%
SBFF3.50%
Interest rates are for borrowers who submit an application by September 30, 2013.
Energy Efficiency, Pollution Prevention Grants for Small Businesses
Pennsylvania small-business owners are encouraged to apply for the state Department of Environmental Protection’s Small Business Advantage Grant to finance pollution prevention and energy efficiency projects. Businesses can apply for 50-percent matching funds of up to $9,500 to adopt or acquire energy-efficient or pollution-prevention equipment or procedures.
Applicants may be manufacturers, retailers, service providers, mining operators or agricultural businesses. Eligible projects include HVAC and boiler upgrades, high-efficiency lighting, solvent recovery systems, waste recycling systems and auxiliary power units deployed as anti-idling technology for trucks.
The application deadline is Sept. 6. Eligible applications will be approved on a first-come, first-served basis through Sept. 6 or until funds are exhausted, whichever comes first.
For eligibility requirements, applications and more, visit www.dep.state.pa.us and click on the Small Business Advantage Grant button. To contact the Small Business Ombudsman’s Office, call 717-772-8909 or email epadvantagegrant@pa.gov.