Helping Businesses Grow in the Moshannon Valley
MVEDP connects businesses with financing opportunities designed to support growth, expansion, equipment purchases, working capital, property improvements, and job creation throughout the Moshannon Valley.
Revolving Loan Fund Financing
Land & Building
Finance the purchase, construction, or renovation of commercial property.
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Term: Up to 7 years
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Rate: As low as 4%
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Maximum Loan: $100,000
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Minimum Loan: $15,000
Machinery & Equipment
Purchase new machinery and equipment to expand your business.
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Term: Up to 5 years
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Rate: As low as 4%
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Maximum Loan: $100,000
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Minimum Loan: $15,000
Working Capital
Support inventory, operations, and other eligible business expenses.
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Term: Up to 3 years
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Rate: As low as 4%
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Maximum Loan: $100,000
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Minimum Loan: $15,000
Program Highlights
Eligible Businesses
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Manufacturing
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Assembly
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Wholesale
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Warehouse & Distribution
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Service Businesses
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Retail
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Commercial
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Professional Services
Loan Participation
Up to 50% of total project cost.
Borrower Equity
Minimum 10% of total project cost.
Collateral
Will subordinate to first-position private lenders.
Application Fee
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$100 non-refundable application fee
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1.5% loan fee due at closing
Funds Distribution
Loan proceeds are paid directly to vendors.
Typical Processing Time
Well-planned projects can often be reviewed, approved, and closed within 4–6 weeks.
Pennsylvania Industrial Development Authority (PIDA) Loans
Low-interest financing to help Pennsylvania businesses grow.
​​The Pennsylvania Industrial Development Authority (PIDA) provides low-interest loans and lines of credit to eligible businesses for projects such as land and building acquisition, construction and renovation, machinery and equipment, working capital, and other eligible business expenses.
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How MVEDP Can Help
MVEDP can assist local businesses with the PIDA financing process, including discussing available financing options, determining potential eligibility, and helping businesses navigate the application process.
Ready to Apply for an RLF Loan?
Download the application packet below and contact the MVEDP team with any questions before submitting.
Need Assistance with Your Application?
Josiah Jones
Executive Director
Phone: 814-342-2260
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Moshannon Valley Economic Development Partnership
200 Shady Lane
Philipsburg, PA 16866