Business Financing

Small Business First (SBF)


SBF Lending Summary

Low interest loans

  • Available to small businesses (100 employees or fewer)

  • Administered through the Lebanon Valley Economic Development Corporation



Small business (100 employees or fewer) involved in the following enterprises:

  • Manufacturing

  • Industrial

  • Agricultural

  • Construction enterprises

  • Child day-care centers

  • Technology oriented and computer-related services

  • Hotels, motels, or restaurants (established non-start ups)

  • Environmental compliance/pollution prevention

  • Municipal or commercial recyclers

  • Export-related

  • Military and defense-related

  • Mining


Uses & Purposes of Funding
  • Land and building acquisition and construction

  • Machinery and equipment purchases, maintenance, upgrades and repairs

  • Working capital

  • Environmental compliance/pollution prevention


  • Loans up to $400,000 or 50% of total eligible project costs, whichever is less

  • Maximum loan amount for working capital is $100,000 or 50% of total eligible project costs, whichever is less


  • 7-Year Fixed Interest Rate Option: 10-year U.S. Treasury rate set at time of application. After 7 years the rate will reset to the 10-year Treasury rate with a 2% maximum increase or decrease compared to the original interest rate. A floor interest rate of 1.75% exists.  This option exists for real estate projects only.

  • Full Term Fixed Interest Rate Option:  2.75%.  This fixed rate option will exist for the life of the loan.

  • Subordinate lien positions on real estate up to 90% loan to value are permitted

  • $25,000 loan per job retained or created

  • Up to 15-year term for land and building

  • Up to 10-year term for machinery and equipment

  • Up to 3-year term for working capital


  • Application fee

  • $1,200-$2000 legal fee

  • Title insurance (real estate only)




            Small Business First (SBF) Guidelines 


Now under PIDA Program*

Mission Statement

The LVEDC’s mission is “to create and to stimulate a local economy which provides gainful employment and business investment opportunities not only for the current generation but for generations to come.”


A community that is prosperous and provides an abundance of economic opportunity requires initiative, planning and vision by local officals.  The LVEDC is a not-for-profit economic development organization that works with area businessess and the community at large to strengthen existing business and create an environment in which new and existing companies can flourish.