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Events Benefits

Available Loan Programs

In keeping with the Central PA Chamber of Commerce’s Vision:

To be the Regional Resource Center that supports economic and business development by assisting our businesses, academic institutions, communities, and individual professionals in Central Pennsylvania.

The Central PA Chamber of Commerce has revised and updated its loan policies and procedures and is re-introducing our business assistance loan programs. Our goal is to make available alternative options following a financial institution’s loan work up, when it is determined that their client has a shortfall in funding. The Central PA Chamber of Commerce is in no way looking to compete with our area banks and credit unions. We do, however, want to aid financial institutions with ways to assist their customers when they are not able to meet all of their needs. We are not a primary lender, nor are we a lender of last resort. These programs are intended to be a joint venture between our members, their bankers and the Chamber. This is meant to be the beginning of a new era of economic growth that will benefit Central PA’s small businesses.

Small Business Assistance Program

Available to all commercial enterprises however the focus is on new and start-up businesses. Includes a mentoring component, recognizing the need for new/startup businesses to educate themselves about running and maintaining a business. Repayment can include an interest only period and is to be repaid monthly. Rates will be dependent upon current market rates.

Deferred Rent Loans

Similar to a line of credit, this type of loan is to help new/startup businesses defer a portion of their rental payments during their critical first six month period after opening or moving to a new location. The maximum total loan shall not exceed $6,000. The loan term shall not exceed 60 months and is to be repaid monthly, beginning in the seventh month of occupancy. Rates will be dependent upon current market rates.

Facade/Signage Loans

A fixed rate loan up to $ 5,000 with terms up to 60 months for facade improvements or commercial signage. Improvements and designs shall only be restricted to comply with current zoning and revitalization efforts that may already exist within certain districts or zones. This loan can be used as matching dollars for other facade grant programs. Repayment is monthly and rates are dependent upon current market rates.

Infrastructure Loans

A fixed rate loan up to $15,000 with terms up to 60 months. To be used for improvements and repair of the infrastructure serving commercial enterprises’ business area. (Only available to owners of the property not lessees). The loan funds may be utilized to repair or improve utility services, heating/cooling systems, internal plumbing and electrical systems and sidewalks. These loans must be fully collateralized and are subject to complete project review and inspection of the improvements made. Repayment is monthly and rates are dependent upon current market rates.

Gap (Collateralized) Loans

To be used only in conjunction with a primary lender to provide additional monies for the purchase, renovation or expansion of an existing property. Loans will be fully secured through mortgages on the business and/or personal real estate. Repayment is monthly and rates are dependent upon current market rates.

Medical Practice and/or Medical Equipment Purchase Loans

To continue to encourage medical practitioners to locate to and/or take over existing medical practices within the Milton or Warrior Run School Districts. These loans will be provided only in conjunction with a primary lender to provide additional monies for the purchase, renovation or expansion of an existing property. Loans will be fully secured through mortgages on the business and/or personal real estate. Repayment is monthly and rates are dependent upon current market rates.

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