A Versatile Tool for Pennsylvania Businesses
The Pennsylvania Economic Development Financing Authority (PEDFA) offers one of the most flexible and powerful financing mechanisms available to businesses in the state.
It is designed to provide access to low-cost capital for a wide range of projects that stimulate economic growth. The Cambria County Industrial Development Authority (CCIDA) has extensive experience with the PEDFA program and serves as your expert guide to leveraging this valuable resource.
How PEDFA Works
PEDFA provides capital to businesses by issuing both taxable and tax-exempt bonds, which are sold to private investors. This structure allows for competitive financing terms that are often more favorable than conventional loans. The funds generated can be used for a variety of purposes, including land acquisition, construction or renovation of facilities, machinery and equipment purchases, and refinancing existing debt. Our role is to facilitate this entire process on your behalf.
Flexible Capital for Businesses
One of PEDFA’s greatest strengths is its broad eligibility. With the exception of certain residential projects, nearly any type of business can apply for PEDFA financing, from manufacturing and industrial companies to commercial enterprises and non-profits. The terms and conditions of the financing are not one-size-fits-all; they are tailored based on your specific business sector, company size, and projected growth, ensuring the solution fits your unique needs.
Get Professional Guidance
The process of securing financing through a state authority can be complex and document-intensive. CCIDA simplifies this for you. Our team has a deep understanding of the PEDFA application process and requirements. We manage the complex application, handling the necessary paperwork to ensure accuracy and compliance, and serve as your liaison with the authority. Our expertise is your advantage in securing the capital you need to move forward.
