Northeastern Pennsylvania Alliance is offering the Pennsylvania State Small Business Credit Initiative Revolving Loan Fund.

The PA-SSBCI Program was recently announced by Gov. Tom Wolf and awarded through the Pennsylvania Department of Community and Economic Development.

The funds were received by the Commonwealth through the American Rescue Plan Act of 2021, which provided $10 billion to states, District of Columbia, territories and Tribal governments to assist small businesses in accessing much needed capital during these post pandemic times.

Qualifying small businesses can apply for a loan up to $150,000 for real estate, equipment and/or working capital. The loan program looks to target the capital needs of socially and economically disadvantaged individuals and businesses.

For information regarding the program contact Steve Ursich at 570-891-4649 or sursich@nepa-alliance.org.