Program Information
- Financing for real estate, leasehold improvements, equipment and working capital
- The program accepts subordinate lien positions which accommodate other financing
- Below market, fixed rate business term loans
- Flexible underwriting standards focused on repayment ability and borrower history
- Requires private lenders such as banks to be part of the project funding (1:1 Match)
- Amortization periods based on use of proceeds with a three-to-five-year balloon payments
- Program focused on providing capital to SEDI borrowers and businesses in CDFI-designated areas
Program Requirements
- Historic business financial data for existing businesses and/or business plans for new and expanding businesses
- Historic personal financial and credit data for owners
- Ownership required to personally guarantee the loans
- For each dollar funded by the program, at least one dollar must be lent from a business lender
Contact Us
Chris McHenry
VP, Development Finance
610.321.8239
Bob Glendenning
Development Finance Consultant
484.458-3318.
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