Investing

  • PIDA rate drops to near-record levels

    By John Kingsley 8/1/2011 8:19pm

    The Pennsylvania Industrial Development Authority (PIDA) loan program is considered by many lenders as the Commonwealth’s top economic development financing vehicle. The recent drop in the interest rate to 3 percent in Lehigh and Northampton counties is noteworthy. LVEDC administers the program in the Lehigh Valley to qualified businesses who want captial for acquring buildings or land, building construction and renovation for manufacturing, industrial and other eligible companies.  The program can finance up to $2.25 M and carries a 15-year term. For more information about PIDA and to find out if it’s right for your business, call me at 610.266.0887 or email me at jkingsley@lehighvalley.org

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  • Come and Get Your Money

    By John Kingsley 2/24/2011 12:42pm

    LVEDC administers more than a dozen financing programs aimed at helping small businesses grow and prosper in the region – some with rates as low as 3.5%.  The advantages we offer our clients are low, long term fixed rate loans which work in partnership, not in competition, with those commercial lending institutions provide. Furthermore, LVEDC stands in the middle of a large network of traditional and economic development lenders in the Lehigh Valley.   In this context, we can help you access the best financing structure available to assist your company in realizing its full potential.

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