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CREDC provides SBF loans to eligible projects located in Cumberland and Dauphin Counties. The Small Business First program is designed to stimulate the expansion and assist in the retention of small businesses for the purpose of creating new jobs and retaining existing jobs. SBF provides low-interest loan financing for a portion of the costs of land, building, machinery and equipment, and working capital to businesses unable to fully finance these projects with equity, bank financing, or other private and public sources. CREDC prefers that the company or principals contribute equity toward the total project. The client should be working with a financial institution or other source of investment.

Applications for SBF eligible projects in Cumberland & Dauphin Counties MUST be submitted through CREDC. For assistance with SBF financing for projects located elsewhere in Pennsylvania, contact the PA Department of Community and Economic Development at (866) 466-3972.

Eligible Businesses

Businesses with 100 employees or less engaged in:

  • Manufacturing
  • Industrial
  • Hotels/motels, Restaurants (in business for 5 years with 5 or more full-time employees)
  • Research and Development Enterprise
  • Defense Conversion
  • Recycling
  • Computer-related Service Enterprise
  • Construction Enterprise
  • Child Day-Care

Eligible Uses

  • Land acquisition and related costs
  • Building acquisition, construction, rehabilitation, and related costs.
  • Machinery and Equipment
  • Working capital


  • $400,000 or 50% of eligible project costs (real estate & equipment), whichever is less
  • $100,000 or 50% for working capital, whichever is less


  • Up to 15 year term for real estate
  • Up to 10 year term for machinery & equipment
  • Up to 3 years for working capital
  • One job retained for every $35,000 borrowed or one job created for every $50,000 borrowed


  • $500 application fee
  • 1.50% commitment fee
  • $950 document preparation fees

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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