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CREDC facilitates MELF Loan applications for eligible projects located in Cumberland, Dauphin and Perry Counties. The Machinery and Equipment Loan Fund (MELF) was established to stimulate economic growth and help retain business in Pennsylvania. The program provides low-interest loans to finance a portion of the cost of machinery and equipment to eligible businesses that commit to creating or retaining jobs. A minimum equity contribution equal to 10% of total project costs is required. CREDC can help facilitate the application process.

Applications for MELF Loans in this three county area may be submitted through CREDC. For assistance with MELF loans for projects located elsewhere in Pennsylvania, contact the PA Department of Community and Economic Development at (866) 466-3972.

Eligible Businesses

  • Manufacturing
  • Industrial
  • Information Technology
  • Biotechnology
  • Agricultural processors
  • Direct mining
  • Hospitals (limited to equipment used in the prescribing and dispensing of medication)

Eligible Uses

  • Purchase of new or used machinery and equipment
  • Installation of new or used machinery and equipment
  • Upgrade of existing equipment
  • Computer hardware and software


  • $5,000,000 or 50% of total project cost, whichever is less


  • Up to 10 years or the life of the machinery and equipment, whichever is less
  • No less than a 2nd  lien position on the machinery and equipment financed
  • One job retained for every $35,000 borrowed or one job created for every $50,000 borrowed


  • 1.00% commitment fee to MELF
  • 1.00% payable to CREDC
  • $500 application fee (refunded if approved)

If you have any questions on the loan process or the loan program contact Melissa McLaughlin at (717) 213-5042.

Other typical expenses associated with borrowing will apply including but not limited to costs for appraisal, title company, searches, recording, filing, and any legal work not included with the set document package.

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