Financing Programs

MVEDP Financing Programs

The Partnership has an excellent array of financing programs available to businesses.

Moshannon Valley Revolving Loan Fund

Low interest financing for working capital, machinery & equipment, and land & building projects. For more information click here.

State Loan Programs

Access to programs such as PIDA, PEDFA, & others.

Business Development Assistance

The Partnership has arranged to have area professionals provide assistance to businesses that request these services:

• Accounting Assistance
• Legal Assistance
• Business Development Assistance through a network of local professionals & agencies such as SCORE, SBDC & SBA.

Pennsylvania Industrial Development Authority

PIDA offers low interest loan financing to businesses, through industrial development corporations, for land and building acquisition, construction and renovation resulting in the creation or preservation of jobs. Interest rates vary from 2.75% to 3.75% depending on county and municipality unemployment levels. The lowest interest rate is available for projects located in enterprise zones and other targeted communities. Advanced technology projects receive an interest rate of a percentage point less than that set for the area, not to be less then 2.75%. Maximum loan amount is $1.5 million.

Centre Country Industrial Development Corporation

The Centre County Industrial Development Corporation’s (CCIDC) mission is to promote economic development throughout Centre County with the ultimate goal of attracting and retaining family-sustaining jobs. Through various program activities CCIDC supports the expansion, health and well-being of existing Centre County businesses as well as new business attraction. As a non-profit, non-partisan organization, the CCIDC is a vehicle to unite and coordinate economic development initiatives of both the public and private sectors.