Through Greater Reading Chamber Alliance’s affiliate organization, the Greater Berks Development Fund (GBDF), we are able to assist in your financing needs. As the only Certified Economic Development Organization in Berks County, GBDF is able to access funding from the Pennsylvania Department of Community Development and other sources to help your business grow and succeed.
GBDF has been in existence since 1947 and has a long history of providing financial assistance to Berks County companies. In addition to the funding that we directly administer, we also partner with other organizations to provide the most attractive package for your project needs. We have utilized federal, state and local grant and loan programs to structure creative financing packages.
Pennsylvania Industrial Development Authority
Pennsylvania Industrial Development Authority (PIDA)provides low-interest loans for eligible businesses. Different industry sectors may access PIDA financing for land and building acquisition, construction and renovation costs, machinery and equipment purchases.
PA Catalyst Loan Fund
Pennsylvania Catalyst Loan Fund offers financing below prevailing bank interest rates. Loans will typically range from $50,000 to $200,000. The loan funds must be matched by private funding.
GBDF Direct Loans
GBDF can assist projects by providing direct loans to an eligible business on a case-by-case basis. On occasion, there can be a need to fill a funding gap, even after the utilization of other programs. GBDF will consider such types of investments for projects with a significant economic impact in Berks County.