BCEDC - Funding Sources : Economic Development Loan Programs

Lower Makefield Corporate Center, Yardley

Economic Development Loan Programs

We have a long history of providing favorable financing to new and expanding companies in Bucks County. Since 1958, through BCEDC and the Bucks County Industrial Development Authority (BCIDA), hundreds of businesses have borrowed a total of nearly $1.0 billion.

Most economic development loan programs offer low-interest, longer-term financing to help businesses expanding in or relocating to Bucks County finance fixed assets such as real estate or equipment.

Loans are typically tied to a commitment by the borrowing company to retain or create a number of jobs based upon the size of the loan. Loans are usually secured by the asset being financed, as well as guarantees by the borrower.

Under normal circumstances, loans are devoted to either Real Estate, Machinery & Equipment, or Working Capital, although uses and terms can be blended in certain cases.

Information on all of our loan programs is available within this web site. Of course, the BCEDC staff is available at any time to assist you in selecting the best program for your needs.

For more information, contact us or call us at (215) 348-9031.

The Newtown home of Land Instruments International, which was funded, in part, by a loan through BCEDC and the Pennsylvania Industrial Development Authority.

A custom electric bass guitar, handcrafted by Ken Smith Basses, Ltd. Bass guitars by Ken Smith are the choice of professional musicians throughout the world. BCEDC helped the company purchase and renovate a vacant industrial facility with funding through PIDA, Small Business First, and the Business Builder Loan Fund.

BCEDC Executive Director Robert F. Cormack (right) presents an award to Claude Mercier, President of Moritz Corporation, at BCEDC's annual meeting. Located in Bedminster Township, Moritz Corporation designs and builds digital instrumentation equipment for aircraft and marine applications.