Greater Reading Chamber Alliance (GRCA) operates under a single principle — helping businesses grow and succeed in our community. Using our existing connections and available resources, we can connect you to exclusive financing opportunities to fund your business’s next project. Our team has over 50 years of combined government lending experience and a dedication to excellent customer service. From loans to grants to tax credits and training dollars, GRCA is fully equipped to get you connected to the right resources to turn your vision into action.
The Greater Reading Chamber Alliance (GRCA) can connect you with financial resources including:
- Loans for land acquisition, building construction, machinery and equipment, and working capital
- Grants for customized job training
- Tax credits for job creation
- Tax incentives for job creation and investments in targeted geographic locations
Commonwealth of Pennsylvania Loan and Interest Rates
The Pennsylvania Industrial Development Authority (PIDA) has announced that for a limited time, it is offering loans at a 2% interest rate, fixed for the full term of the loan to qualifying businesses that commit to creating and/or retaining jobs.
Eligible project costs through PIDA include:
- land and building acquisition
- construction and renovation
- machinery and equipment acquisitions
- working capital costs
The interest rates below are an example of the available financing through the Commonwealth of Pennsylvania – additional financing options are available.
| Type | Rate | Date |
| Real Estate | 2.00% (15 year) 2.00% (7 year) |
1/2017 |
| Equipment | 2.00% | 1/2017 |
| Working Capital & Accounts Receivable lines of credit | 2.00% | 1/2017 |
| Pollution Prevention & Energy Efficiency | 2.00% | 1/2017 |
Loan and interest rates are subject to change. Commonwealth of PA loans are administered by the Greater Berks Development Fund.
To take advantage of this limited-time opportunity and to learn more about these loan funds, contact Chris Witmer, Director of Project Development, at 610.898.7794.
