State Small Business Credit Initiative (PA-SSBCI)

Maximum Loan

  • This loan program will finance up to 50% of total eligible project costs up to $100,000 (minimum $5,000)

Eligible Uses

  • Land & Building Purchases
  • Machinery & Equipment Purchases (new or used) and related expenses
  • Working Capital


  • Land & Building Purchases- up to 15 years
  • Machinery & Equipment- up to 10 years
  • Working Capital- 3 years


  • Revolving loan fund financing is available to eligible small businesses with interest rates starting at 4.25% fixed for the term of the loan. Rates may change based on the prime rate of interest 


  • Loans are secured by lien positions on collateral at the highest level of priority to accommodate the borrower's ability to raise debt and equity capital
  • Generally personal guarantees and assignment of life insurance are required on principals


  • The creation or retention of one full-time job per every $50,000 in borrowed funds


  • $450 fee is due with the executed commitment letter
  • At closing, borrower must pay a closing fee equal to 1% of the loan
  • The commitment and closing fee shall not exceed 2% of the loan 
  • No annual or servicing fees
  • No prepayment penalty on Northwest Commission Revolving Loan Funds