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Artists In Motion To Go, LLC
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The Northeastern Pennsylvania Alliance (NEPA) presented Artists In Motion To Go, LLC with a loan.
Artists In Motion To Go, LLC received a loan through the NEPA Alliance Tri-District EDA loan fund for the purchase of land and building to expand their business. Other project funds consisted of loan funds from Miners Bank and an equity injection from the owners.
Artists In Motion To Go, LLC started as a vision over 5 years ago and has since grown from a mobile dance program into a premier performing arts studio. They offer an all-encompassing range of performance technique to students of all ages. Prior to receiving assistance from NEPA and Miners Bank, they were located in a renovated church building. The business had quickly outgrown the existing studio space and needed to expand to a second location. The new building added three additional classrooms, private voice/acting lesson rooms, and a 300-seat theater used for live performances of plays and musical productions. They now service 250 active students and over 500 total students.
NEPA Alliance is a full-service economic development lender offering eleven (11) low interest loan programs for job creation and job retention in our region.
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"
Incoterms
® In Practice" Webinar
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Thursday, January 30, 2020
10:00 - 11:30 AM
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Learn what has changed with Incoterms®2020 and how to apply the new terms to your advantage.
The Incoterms® rules are the world's essential terms of trade for the sale of goods. Whether you are filing a purchase order, packaging and labeling a shipment for freight transport, or preparing a certificate of origin at a port, the Incoterms
®
rules are there to guide you. The Incoterms
®
rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis.
You may know the definitions of Incoterms® 2010, but do you know what has changed with Incoterms® 2020 and how to apply the new terms? Many programs present the definitions of Incoterms® but only provide a few select ways to apply them. This program will provide not only an understanding of the definitions, but also actual examples of using Incoterms® to your advantage in purchase orders, sales agreements, and even letters of credit. Not using the best term in the proper context can be costly. Don't realize your mistake when it is too late.
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Member Spotlight
Schaedler Yesco Distribution
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Schaedler Yesco Distribution, established in 1924, is a provider of complete connected solutions for the electrical industry. With 21 locations throughout Pennsylvania, the company offers services and products for lighting, datacomm, industrial, gear, and electrical needs.
With 95 years in the business, Schaedler Yesco has worked hard to understand the needs of their customers. From small businesses and local municipalities to large corporations, the team's real-life experience allows them to offer real-life solutions.
As a member of KEEA, a COSTARS supplier and a holder of a number of state contracts, Schaedler Yesco is no stranger to the needs of local government and their unique procurement requirements. "Our goal is to simplify the process so that our customer can focus on the project needs and maximizing their budget," said Tom Finn, NEPA sales rep and government specialist.
Through NEPA Alliance PTAC, Schaedler Yesco has partnered on projects that improve community safety and saved energy while helping to navigate procurement challenges.
"We truly appreciate our involvement with NEPA Alliance," explained Greg Schaedler, Vice President. "We've been able to bring valuable solutions to our customers by teaming with NEPA Alliance and using their programs."
The team at Schaedler Yesco works with a variety of business types including contractors, commercial end users, industrials and OEMs, oil and gas drillers and processors, and local and state government agencies. They have twenty-one (21) Pennsylvania locations to serve you.
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NEPA Alliance has several loan programs available for small businesses located in Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne counties.
These low cost, low interest loans offer reduced down payments and standard loan term maturities for machinery and equipment, land and building acquisition, construction and renovation. Loan rates are fixed and generally below the prime lending rate.
Eligible businesses include Manufacturers, Industrial, Agriculture/Agribusiness, Hospitality & Tourism Related Enterprises, Recyclers, Day Cares, Computer Related Services, Advanced Technology, and Retail and Service Related Businesses. Other business sectors may also qualify.
Recently Funded Loans
Daycare - Wyoming, PA
- This Tri-District loan was completed in partnership with Landmark Bank for the purchase of commercial real estate.
 NEPA Alliance Business Finance Corporation is a state-wide CDC allowing for NEPA BFC to lend SBA 504 Loans to eligible small businesses located in the state of Pennsylvania.
Financing Structure
A bank or other lender finances 50% of the project cost and takes a first lien position on the assets financed. The SBA 504 loan  finances 40% of the project cost, up to $5.5 million, and takes a second lien position. The borrower then contributes a down payment of as little as 10%.
Small Businesses can Receive:
- Subordinate Financing
- Up to 90% Loan to Value
- Up to $5.5 Million in SBA Financing
- Unlimited Total Project Cost
SBA 504 Loans Offer:
- As Little as 10% Equity Injection
- Terms up to 25 Years
- Guaranteed Fixed Interest Rate
*Eligibility Criteria Apply*
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 As the nation's combat logistics support agency, the
Defense Logistics Agency (DLA)
manages the global supply chain - from raw materials to end user to disposition - for the Army, Navy, Air Force, Marine Corps, Coast Guard, 10 combatant commands, other federal agencies, and partner and allied nations. DLA also supplies 86 percent of the military's spare parts and nearly 100 percent of fuel and troop support consumables, manages the reutilization of military equipment, provides catalogs and other logistics information products and offers document automation and production services to a host of military and federal agencies. DLA consolidates requirements by supply chain and procures items in sufficient quantities to meet projected needs. Many of DLA's procured items are delivered directly from a commercial vendor. Other items are stored and distributed through a system of worldwide depots.
DLA has six major subordinate commands responsible for purchasing commodities and services common to all military services, other federal agencies, and joint and allied forces, as well as, a worldwide distribution system and operations that dispose of surplus or excess materiel from the military services. These commodities and services are managed by supply chain: Aviation, Land, Maritime, Medical, Subsistence, Clothing & Textiles, Construction Supplies & Equipment, Industrial Hardware, and Energy.
 The overview details what DLA is, what DLA buys, and how the federal government buys goods and services. Find out what programs your business might be eligible for and the steps and systems needed to become registered to do business with DLA. Also, learn how to find current DLA and other federal government business opportunities, as well as where to turn if you need help.
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Did you know that according to recently released 2014-2018 American Community Survey (ACS) 5-Year Estimates from the U.S. Census Bureau, Wayne County, with 22.9 percent, had the third highest percentage of population age 65 and older in the state? Click here to read more from a Research Brief by the Pennsylvania State Data Center.
For additional information, contact
Steve Zaricki at
570-655-5581,
ext. 258, or 866-758-1929.
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"This institution is an equal opportunity provider and employer."
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