The Right Financial Tool for Everyone
We understand that every business has unique financial needs, and a one-size-fits-all approach to lending doesn’t work.
That’s why the Cambria County Industrial Development Authority (CCIDA) maintains expertise across a diverse portfolio of specialized loan programs. Our mission is to act as your strategic advisor, carefully analyzing your specific situation and recommending the most effective solution to help you achieve your goals.
Our Strategic Process
Targeted Loans for Specific Needs
Beyond the major financing programs, we facilitate a variety of loans designed for specific purposes. For small businesses, the Enterprise Venture Capital (EVC) loan can provide crucial funding from $5,000 to $100,000 for working capital and fixed assets. For larger projects, the Machinery and Equipment Loan Fund offers financing up to $500,000, helping manufacturing, industrial, agricultural, and mining businesses invest in the critical equipment they need to grow and stay competitive.
Supporting Johnstown’s Economy
Several loan programs are specifically targeted to foster growth within the City of Johnstown. The Enterprise Development Loan Program (EZP) can fund up to 25 percent of any non-residential economic development project undertaken in the city. For small businesses with project budgets over $100,000, the Jobs Development Loan Program (JDL) provides vital capital for machinery, equipment, inventory, or working capital, directly supporting job creation within Johnstown.
Get Professional Guidance
Navigating this landscape of options can be daunting. CCIDA employs experts with decades of experience who will take the time to understand your project, your budget, and your objectives. We don’t just provide a list of loans; we provide a recommendation. Our team will identify the program whose terms, amounts, and objectives best align with your business, ensuring you are pursuing the most effective and advantageous loan available.
