HawkMtn Labs, Inc. was seeking funding for equipment purchases and building improvements for a loan up to $600,000. HawkMtn used CAN DO to utilize the company’s services as an Area Loan Organization and Certified Economic Development Organization. CAN DO utilized its connections with the Pennsylvania Industrial Development Authority (PIDA) and the Northeastern Pennsylvania Alliance, as well as Luzerne County, to obtain five loans the company will use to improve and expand its operations. CAN DO procured a Machinery Equipment Loan Fund (MELF) loan through PIDA as well as NEPA Department of Agricultural and Rural Development (DARD) and Tri-District revolving loan fund loans via the NEPA Alliance for the equipment purchases, and secured a Small Business First Loan from PIDA and a Luzerne County Fund loan for the building improvements.
“CAN DO was a huge help with pulling together all of the vehicle loans needed in order to grow and expand HawkMtn Labs. A one-stop-shop, CAN DO helped to coordinate and work with a myriad of county, state, and federal agencies. This was optimal during such a busy time of development for our company,”
“CAN DO worked to achieve the funding we needed through four to five separate loans in total. This money has played a vital role in allowing HawkMtn Labs to expand and diversify our services, as well as keep up-to-date on our instrumentation.”
For more information on HawkMtn Labs, visit their website.