Looking for Financing for Your Business
The CCEDC helps qualified companies identify and obtain low interest loans, grants, tax credits, and loan guarantees.
The CCEDC’s process includes identifying financing needs (purchase of machinery, purchase of buildings or land, construction or renovation of buildings, and working capital), identifying resources/programs to meet these needs, presenting the pros and cons of financing programs, and following through until financing is secured.
To secure financing, companies must define what their project is, what resources they have to finance the project, as well as potential outcomes of the project in terms of number and quality of jobs created or retained over three years.
Existing companies should also have three years worth of financial reports ready, existing and start-up companies should have three years of projection prepared, and closely held companies should have personal financial statements prepared. The Clarion University Small Business Development Center can help eligible companies, both existing and start-ups, prepare projections and business plans at no charge.
Public Funding
- The regional source for small business financing is the Northwest Pennsylvania Regional Planning Commission. CCEDC can help you select and package the program that meets your needs.
- The Commonwealth of Pennsylvania offers a wide range of financing programs. CCEDC can help you identify and package the state financing that help your company grow. The CCEDC offers fixed low interest, long-term financing for land and building projects through the state's Pennsylvania Industrial Development Authority.
- The Pennsylvania Department of Environmental Protection offers several grant and loan programs to provide technical and finacial assistance for businesses located in Pennsylvania. CCEDC can help you identfy and package these DEP programs.
- The SBA 504 Loan helps eligible small for-profit businesses finance fix-assets. CCEDC works with the Altoona Blair County Development Corp. to provide this financing.
- The Progress Fund creates economic opportunity by lending needed capital and providing entrepreneurial coaching to small businesses in the travel and tourism industry.
- The U.S. Department of Agriculture works to promote development of rural businesses. Let CCEDC help you to identfy and package the program that fits your needs.
- Small Business Administration offers a variety of programs to help finance your busness.
Private Funding
- Clarion County Community Bank
- Farmers National Bank
- National City Bank
- Northwest Savings Bank
- S & T Bank
- Pennsylvania Angel Network is a resource for potential venture capital sources.
Request Financing Information Online
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Last Updated: March 13, 2008
