Low Interest Rates Extended for Four Key Business Loan Programs

Thursday April 18th 2013

The Corbett Administration is extending its current reduction of interest rates for four business loan programs to encourage new economic growth and job creation.

The interest rate for the Small Business First (SBF), Machinery and Equipment Loan Fund (MELF), Pollution Prevention Assistance Account (PPAA), and Export Finance Program (EFP) loan programs will remain at 1.5 percent for applications received through June 30, 2013.

Since the interest rate reduction was initially announced in December 2012, thirty-six (36) Small Business First loan applications have been submitted to DCED for consideration. The Corbett Administration is pleased to be able to extend this incentive to Pennsylvania’s small businesses.

For more information on these programs contact Casey Fritz, Relationship Manager at Seedcopa.

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