montcoworks: MCDC Small Business First Fund

Montgomery County, PA

P.O. Box 311, Norristown, PA 19404-0311
Courthouse Hours: 8:30a.m. to 4:15p.m.
Phone: 610-278-3000
Website: www.montcopa.org

Small Business First Fund
MCDC administers the Pennsylvania Small Business First Fund (SBFF) in Montgomery County.  This fund provides qualified businesses with up to $200,000 or half of a total project cost, whichever is less.  The current interest rate is fixed at 4% for the term of the loan.
 
Eligibility for SBFF loans:
  • Manufacturing and Industrial
  • Hotels, motels or restaurants
  • Agricultural processors
  • Export-related, advanced technology and computer-related services
  • Environmental compliance/pollution prevention
  • Municipal or commercial recyclers
  • Defense-related
Permitted Uses of the Loan:
  • Land and building acquisition and construction
  • Machinery and equipment purchases and upgrades
  • Environmental compliance/pollution prevention
Terms of the Loan:
  • 15 years for land and building purchases/constuction
  • 10 years for machinery and equipment purchases
  • 3 years for working capital
Job Requirements:
  • 1 job created or retained for every $25,000 borrowed from SBF
How to Apply:
Please give us a call directly and we will be happy to talk to you about the loan.
610-278-5950 and ask for John Elias or Gerald Birkelbach.
 
 
 
2007 Montgomery County Small Business First Fund Loans
  • Buckman's Inc.
    Pottstown, PA
    $200,000 for specialty equipment
  • Lansdale Packaged Ice, Inc. 
    Harleysville, PA
    $200,000 for additional robotic equipment
  • Pin-High Properties-LanConnect
    Norristown, PA
    $200,000 for building acquisition.
  • JL Converting, LLC, division of Berks Wiper Supply Co. 
    Lansdale, PA
    $200,000 for additional equipment
  • Bent Glass Design, Inc. 
    Hatboro, PA
    $200,000 for facility expansion 
 
 
2006 Montgomery County Small Business First Fund Loans

2005 Montgomery County Small Business First Fund Loans
2004 Montgomery County Small Business First Fund Loans
  • Acme Corrugated Box, Inc.
    Hatboro, PA
    $200,000 to purchase two highly specialized pieces of equipment
  • AeroMed, Inc.
    Hatfield, PA
    $200,000 to cover a portion of the purchase of new equipment
  • Aluminum Athletic Equipment Co.(AAE)
    Limerick, PA
    $200,000 to purchase additional equipment for the new facility
  • Bassett Industries, Inc.
    Lower Pottsgrove, PA
    $200,000 to purchase new equipment
  • Diversified Printing Services, Inc.
    West Conshohocken, PA
    $200,000 to purchase new equipment
  • Emerson Resources, Inc.
    Norristown, PA
    $200,000 for building renovations
  • Paratherm Corp.
    West Conshohocken, PA
    $200,000 for building renovations
2003 Montgomery County Small Business First Fund Loans
  • Arpeggio's Inc.
    Lower Gwynedd, PA
    $100,000 for expansion and renovations
  • Diversified Printing Services, Inc.
    West Conshohocken, PA
    $200,000 for equipment
  • Emerson Resources, Inc.
    Norristown, PA
    $180,000 for expansion, renovations, and equipment
  • James Two, LLC
    Hatfield, PA
    $200,000 for building acquisition
  • Kilshaw, LP
    Plymouth Meeting, PA
    $135,000 for building acquisition
  • Magagana Building Associates
    North Wales, PA
    $200,000 for building acquisition
  • Newport Fabricators, Inc.
    Green Lane, PA
    $200,000 for expansion and renovations