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

NEPA Loan Program

ELIGIBILTY

 Type of business

  • Eligible businesses include for-profit businesses (individual proprietorships, partnerships or corporations). Emphasis is placed on manufacturing and industrial business

Maximum Loan Amount

  • $200,000 or 50% of a project, whatever is less.

Use of Loan Proceeds

  • Land and Building acquisition
  • Building construction and renovation
  • Machinery and equipment
  • Working Capital

LOAN PROGRAM FEATURES

Interest Rate

  • The current interest rate is fixed at 2.75% for the term of the loan.

Repayment Schedule

  • Real estate up to 15 years
  • Machinery and equipment up to 7 years
  • Working Capital up to 3 years

LOAN PROGRAM REQUIREMENTS

Job Creation

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

Location

  • The project must be located within the six Northeastern Pennsylvania counties of Carbon, Lackawanna, Luzerne, Monroe, Schuylkill and Wayne.

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

communique-hd

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.