Allegheny Target Industry Loan Program
The Allegheny Target Industry Loan program provides low interest financing for real estate acquisition and development, machinery and equipment, and infrastructure development for Targeted Growth Cluster industries located in, or seeking relocation to, Allegheny County.
LOAN LIMITS: Up to 40% of eligible project costs not to exceed $500,000 (Maximum available to Targeted Growth Cluster industries in Targeted Geographical Areas)
TERM: Land and Building – 15 year maximum, Machinery and Equipment – 7 year maximum
RATE: Rate set based on a multitude of factors including project cash flow, risk, geography, job creation, overall investment, collateral, industry, etc. Rates will be at or below market
ELIGIBLE BUSINESSES: Targeted Growth Cluster industries located in, or seeking relocation to, Allegheny County with a minimum of 100 local employees at time of application.