Helping Businesses Grow in the Moshannon Valley
The MVEDP Revolving Loan Fund (RLF) helps businesses expand, purchase equipment, acquire property, and create jobs throughout the Moshannon Valley.
Loan Programs
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.
Ready to Apply?
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