Loan Sites

Empowers communities to attract growing and expanding businesses by helping them build an inventory of ready sites.

Uses

All site development activities are required to make a site shovel-ready. For speculative projects only.

The CFA is accepting Business in Our Sites applications between February 1, 2016 and May 31, 2016. Eligible applicants with questions should call 717.787.6245.

Funding

No maximum or minimum, except that the maximum amount of the funding for projects located within a single city, borough, town or township may not exceed 15 percent of the funds available for the program.

Terms

Loans will be patient – no repayment until property is sold or leased or 5 years from the date of closing. Site must be previously utilized property or undeveloped property that is planned and zoned for development. Counties/municipalities must be notified. Substantial likelihood of site use following development, not for primary residential or recreational purposes. The interest rate for the loan will be set by the Commonwealth Financing Authority (CFA).

See also:

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