Just Announced: 2% Fixed Rate Business Financing

The Pennsylvania Industrial Development Authority (PIDA) is pleased to announce that for a limited time, it is offering loans at a 2% interest rate, fixed for the full term of the loan to qualifying businesses.

Established in 1956, PIDA is a component unit of the PA Department of Community and Economic Development and provides low-interest loans and lines of credit through certified economic development organizations (CEDOs) for eligible businesses that commit to creating and/or retaining jobs, as well as for the development of industrial parks and multi-tenant facilities.  

Eligible project costs through PIDA include:

  • Land and Building Acquisition
  • Construction and Renovation
  • Machinery and Equipment Acquisitions
  • Working Capital Costs

Eligible businesses include:

  • Manufacturing Enterprises
  • Industrial Enterprises
  • Agricultural Processors and Producers
  • Research and Development Enterprises
  • Hospitality Enterprises
  • Computer-related Service Enterprises
  • Construction Enterprises
  • Child Daycare Enterprises
  • Retail and Service Enterprises 
  • Developers

ACT NOW! To take advantage of this limited-time opportunity and to learn more about the program, please visit dced.pa.gov/PIDA