Business Lending

SAP&DC’s Loan Program helps businesses maintain and increase their markets and create new jobs.

Eligible businesses can apply for low interest financing if they are unable to finance projects with conventional loans.  Specific terms and conditions vary according to funding source. 

Loans are available for businesses enterprises in:

  • agriculture
  • agricultural production
  • manufacturing
  • research and development
  • hospitality (including lodging facilities and restaurants)
  • defense conversion
  • recycling enterprise
  • computer-related services
  • construction (not private homes)
  • child day-care
  • tourism
  • wholesale/distribution
  • service related industries.

Eligible activities include:

  • purchase and development of land
  • building acquisition
  • construction and/or rehabilitation
  • machinery and equipment acquisition, including delivery and installation
  • and working capital (limited to inventory and new personnel costs). 

Special programs also are available for businesses engaged in international trade.

 

Contacts

Trudy A. Mitchell
Director, Business Lending Services
3 Sheraton Drive
Altoona, PA 16601-9343

Phone:
814-949-6547
Fax:
814-949-6505
E-mail:
tmitchell@sapdc.org  
 

Lisa Harten
Loan Fund Coordinator
3 Sheraton Drive
Altoona, PA 16601-9343

Phone:
814-949-6546
Fax:
814-949-6505
E-mail:
harten@sapdc.org