SAP&DC’s Loan Program helps businesses maintain and increase their markets, create, and retain jobs.
Eligible businesses may apply for low interest financing in conjunction with conventional loans. Specific terms and conditions vary according to funding source.
Eligible projects:
- Land/Buildings (acquisition, construction, rehabilitation)
- Manufacturing/Industrial Enterprise
- Wholesale Distribution (<10% retail)
- Hospitality: Hotel, Motel, Lodging Facilities (5 FTE)
- Hospitality: Restaurants (5 FTE/5 years in operation)
- Recycling Enterprise
- Child Day Care (profit/non-profit)
- Research/Development
- PIDA AG – >10 acres or > $10K revenue
- PIDA AG Enterprise
Ineligible projects:
- Retail
- Professional Services
- Debt/Equity refinancing
- Related Party Transactions
- Property Speculation
- Projects that have already commenced*
- *non-prejudicial approval possible
Contacts
Tina Taylor
Director, Business Lending
3 Sheraton Drive
Altoona, PA 16601-9343
Phone: (814) 949-6517
Fax: (814) 949-6505
Email: ttaylor@sapdc.org
Lisa Harten
Loan Fund Coordinator
3 Sheraton Drive
Altoona, PA 16601-9343
Phone: 814-949-6546
Fax: 814-949-6505
E-mail: harten@sapdc.org
