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LVEDC finance department materials getting a makeover

By LVEDC Staff on July 23, 2013

Lehigh Valley Economic Development Corp. is updating two important pieces of collateral.

The collateral, utilized by the LVEDC Finance Department, showcases the federal and commonwealth programs the organization offers to qualified borrowers and lenders in an effort to spur economic development in the Lehigh Valley. There will be one redesigned booklet for borrowers and one for lenders.

The updated collateral reflects the newest programs, who is eligible to apply, eligible uses, amounts and the terms and conditions for each.

Among the offerings: the Small Business Administration 504 Certified Development Company program, Pennsylvania Industrial Development Authority (PIDA), the Small Business First (SBF) program, and the Machinery and Equipment Loan Fund (MELF).

The updated booklets will also provide information on the Lehigh Valley Regional Loan Pool, a program that enables job creation and retention by providing an incentive for economically viable businesses to locate, expand or remain in Allentown.

For more information on the programs that LVEDC administers, contact John Kingsley, vice president of economic development finance, at 610-266-0887 or [email protected]

The new booklets should be printed and ready for use prior to September. Programs and lending rates will be updated routinely.

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