Business Opportunities Fund (BOF)
PA DCED
Description
Business Opportunities Fund (BOF) Guidelines Contact Us Overview Installment loans, lines of credit and technical assistance for minority business enterprises, women-owned business enterprises and small businesses. Uses Cash flow (working capital) – Including most business operation and expansion expenses; Equipment – includes acquisition, delivery, installation, and renovation of new and used equipment; leasehold improvements; and acquisition of owner-occupied real estate. When necessary, the participating community development financial institutions (CDFIs) will provide technical assistance to borrowers in procurement, certification as minority or women contractors, bonding and bid preparation. Eligibility Any small business may apply, but the program will give priority to small businesses requiring capital and technical assistance in order to compete for governmental and private sector contracts. This program is open to businesses located in the following counties: Adams Allegheny Armstrong Beaver Berks Butler Chester Clarion Crawford Cumberland Dauphin Erie Fayette Franklin Greene Indiana Lancaster Lawrence Lebanon Lehigh Mercer Montgomery Northampton Perry Washington Westmoreland York Funding There are no minimum or maximum loan sizes. Terms Interest rates and other terms and conditions are determined by the participating CDFIs. How to Apply Alba Fernandez Chief Lending Officer – Finanta 51 South Duke Street, Suite 400 P.O. Box 524 Lancaster, PA 17608-0524 610.396.7228 afernandez@finanta.org Jacob M. Sault, CPA Chief Financial Officer – Bridgeway Capital, Inc. 310 Grant Street Suite 2800 Pittsburgh, PA 15219 412.201.2450 X 111 jsault@bridgewaycapital.org www.bridgewaycapital.org span.pcTitle { font-size:1.25rem; font-weight:normal; }
Eligible Applicants
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