Business Financing for Schuylkill County
SEDCO is sanctioned by the Pennsylvania Department of Community and Economic Development (DCED) as a certified economic development organization (CEDO), enabling us to act as a conduit for state funding.
We work alongside our partners, the Pennsylvania Industrial Development Authority (PIDA) and the NEPA Alliance, to provide a variety of grants and loans including land and building acquisition loans, Small Business First loans, machinery and equipment loans, workforce training grants and job creation and investment loans.
Loan Rates
| PIDA | Rate |
|---|---|
| Term Loans Regular Amortization | |
Fixed interest rate | 4.50% |
Adjustable interest rate | 3.50% |
| Equipment loans | 4.50% |
| Working capital and accounts receivable lines of credit | 4.50% |
| Pollution prevention and energy efficiency loans | 2.00% |
| SBA 504 Loan | |
| 10-year Fixed starting at | 6.054% |
| 20-year Fixed starting at | 6.388% |
| 25-year Fixed starting at | 6.334% |
PIDA rates effective through June 30, 2023
SBA 504 rates effective as of May 12, 2023
Other rates effective as of March 1, 2023
