Interested in The Luzerne County Small Business Loan Program?
The Luzerne County Small Business Loan Program was created in November 2012. This loan program was established to provide financing opportunities for businesses located in Luzerne County.
In order to be eligible for this loan program, businesses must be located in Luzerne County and borrower must have a credit score of at least 500 or higher. This loan offers up to $100,000 at a U.S. Treasury with a 10 year maturity plus 1% (2.65 as of 10/1/2012) and is fixed on the date of closing for up to 120 months. The funding can be used for working capital, real estate acquisition and construction, equipment purchases and upgrades, environmental compliance, and pollution control and prevention. There is no prepayment penalty and no application or closing costs.
For more information about The Luzerne County Small Business Loan Program visit State Senator John Yudichak’s Reports Page now!
To apply for this loan, click here.