Financing
Fay-Penn Economic Development Council works with Fayette County businesses to find the necessary financial support to ensure that they can thrive in this new economy.
Whether you’re a start-up, existing or new business in Fayette County, our Loan Program Coordinator can work with you to decide which fiscal program suits your individual need.
Maybe you need to purchase capital equipment to get your business up and running or find and develop land to accommodate your business goals… the Fay-Penn team can identify suitable resources for your business or organization.
We even help with your efforts before the actual work starts. This includes research and development, environmental assessments, and clean energy needs.
Should any of these needs arise, there are various types of financing, loan, and even grant programs available to make sure you’re getting all the financial infusion you can, so your business succeeds. Local and national crowdfunding possibilities also exist to help scale your business at any level with the help of countless communities. No local business is too small or too large that we can’t make sure we can find the financial program to fit your need.
Fay-Penn Loan Programs
Fay-Cap Loan Fund
Designed to assist eligible businesses by funding capital expansion projects in fixed assets, such as new equipment and facilities.
Small Business Loan Fund
Designed to stimulate economic growth by providing financing to companies that would not otherwise have access to these resources.
Enterprise Loan Fund
Designed to encourage job growth in the private business sector in Fayette County’s designated Enterprise Zone. Eligible companies can request loans to assist supporting capital expansion projects involving fixed assets such as new equipment and facilities.
Tourism Revolving Loan Fund
Designed to assist in financing tourism-related projects that will assist in stimulation the maximizing tourism commerce in Fayette County, Pennsylvania.
Rural Microenterprise Assistance Program
Designed to expand financing to small businesses with 10 employees or less for microloans of $50,000 or less.
