Pa. businesses encouraged to take advantage of local loan program

HERMITAGE, Pa. — Business owners who want to expand but aren’t sure they can get a bank loan in the current credit market don’t necessarily have to shelve their plans.

Don’t forget about us, say the Shenango Valley Enterprise Zone and Penn-Northwest Development Corp.

The two development groups’ Joint Funding Program has $2.4 million available right now for businesses located in the zone, which includes industrial corridors in Sharon, Hermitage, Wheatland, Sharpsville, West Middlesex and Greenville; all of the city of Farrell; and areas in Pymatuning, South Pymatuning, Hempfield, Shenango and Delaware townships.

The groups’ mission, said officials of both Thursday, is to help businesses create well-paying jobs. Low-interest loans are available up to $500,000.

For the complete story, see Friday’s Vindicator and Vindy.com