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One S. Church Street, Suite 200, Hazleton, PA 18201
p: 570.455.1508   f: 570.454.7787

Rural Development Loan Program

ELIGIBILITY

Type of Business

  • Eligible businesses include most operating-for-profit businesses except hotels, motels, tourist, homes, convention centers or any other tourist or recreation center.
  • Ineligible businesses are charitable and educational institutions, fraternal organizations, churches and organizations affiliated or sponsored by churches, business producing agricultural products and media businesses such as television and newspaper.

Maximum Loan Amount

  • Up to 50% of the eligible project cost, not to exceed $150,000.

Use of Loan Proceeds

  • Land and Building acquisition
  • Building construction/renovation
  • Machinery and equipment

LOAN PROGRAM FEATURES

Interest Rate

  • The current interest rate is fixed at 2% for the term of the loan.

Repayment Terms

  • Real estate-up to 15 years
  • Machinery and equipment-up to 7 years

LOAN PROGRAM REQUIREMENTS

Job Requirements

  • One permanent job must be created per $25,000 NEPA dollars loaned within 3 years from the loan closing date

Location

  • The business must be located within one of the following counties: Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne.
  • The business must be located within the boundary of any city having a population of less than 25,000.

Business Financing

CAN-DO-financing-web-logo

Receive assistance with business financing from CAN DO.

Cranberry Creek

Cranberry Creek

Residential, retail and entertainment options at this 366-acre park.

CAN DO Foundation

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Making a positive difference to the present and future well-being of the Hazleton area.

CAN BE, Inc.

CAN BE

Assistance for today's entrepreneurs from CAN BE, Inc.