Business Incentives and Financing

Greater Reading Economic Partnership operates under a single principle—helping businesses grow and succeed in our community. Using our existing connections and available resources, we can connect you to exclusive financing opportunities to fund your business’s next project. From loans to grants to tax credits and training dollars, Greater Reading Economic Partnership is fully equipped to get you connected to the right resources to turn your vision into action.

GREP can connect you with financial resources including:

  • Loans for land acquisition, building construction, machinery and equipment, and working capital
  • Grants for customized job training
  • Tax credits for job creation
  • Tax incentives for job creation and investments in targeted geographic locations

Commonwealth of Pennsylvania Loan and Interest Rates

The Pennsylvania Industrial Development Authority (PIDA) has announced that for a limited time, it is offering loans at a 2% interest rate, fixed for the full term of the loan to qualifying businesses that commit to creating and/or retaining jobs. Business Incentives and Financing in Reading, Pa
 
Eligible project costs through PIDA include:
  • land and building acquisition
  • construction and renovation
  • machinery and equipment acquisitions
  • working capital costs
To take advantage of this limited-time opportunity and to learn more about these loan funds, contact Chris Witmer of Greater Berks Development Fund at 610.898.7794 or CWitmer@ReadingPA.com

The interest rates below are an example of the available financing through the Commonwealth of Pennsylvania – additional financing options are available.

Type Rate Date
Real Estate 4.00% (15 year)
3.00% (7 year)
1/2017
Equipment 4.00% 1/2017
Working Capital & Accounts Receivable lines of credit 4.00% 1/2017
Pollution Prevention & Energy Efficiency 2.00% 1/2017

Loan and interest rates are subject to change. Commonwealth of PA loans are administered by the Greater Berks Development Fund.

Partnering with GREP opens the door to customized financing and incentive options. To get started today, Contact us!

Summary

Business Incentives and Financing
Service Type
Business Incentives and Financing
Provider Name

Greater Reading Economic Partnership,

201 Penn Street, Suite 502,Reading,Pennsylvania19601,
Telephone No.(610) 376-4237
Area
Reading, Pa
Description
With our connected business network and resources, we’re able to provide business financing opportunities and incentives for your next project.