NEPA Alliance is committed to working with regional small businesses and nonprofits during the continued uncertainty surrounding Coronavirus (COVID-19). In cooperation with state and federal agencies, NEPA is offering loan assistance programs to businesses and nonprofits.
NEPA is currently partnering with federal and state agencies to ensure small businesses and nonprofits in the Commonwealth of Pennsylvania have available resources accessible to them through the coronavirus crisis. This includes help with the U.S. Small Business Administration low-interest federal disaster loan program for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus. In addition, NEPA also has numerous business loan programs that offer low fixed interest rates to businesses in the seven-county region of Northeastern Pennsylvania.
For the latest information, please contact NEPA at 866-758-1929 or visit NEPA's COVID-19 Response site. Information is continually changing, and the assistance programs that are being offered may change. NEPA will continue to evaluate all available options to best serve the Northeastern Pennsylvania business community.
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Member Spotlight - 2020 Review |
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Let's take a look back at our Member Spotlights from 2020. We have created a special compilation site with the 2020 NEPA Member Spotlights. |
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Please continue to support NEPA and our members. |
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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.
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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
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Guaranteed Fixed Interest Rate
*Eligibility Criteria Apply*
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NEPA Alliance PTAC - Event Notice |
Congressman Cartwright to host January 29 virtual meeting for Northeastern Pennsylvania suppliers of Personal Protective Equipment (PPE) interested in selling to the
U.S. Department of Defense
Special Guests include the Defense Logistics Agency (DLA), Tobyhanna Army Depot, and regional
Chambers of Commerce
U.S. Representative Matt Cartwright (PA-08) announced that he will host a virtual meeting for NEPA suppliers of Personal Protective Equipment (PPE) interested in supplying PPE to the Department of Defense. The event will feature procurement “how to” presentations by the Defense Logistics Agency (DLA) and Tobyhanna Army Depot.
The event is a virtual event scheduled for 10:00 – 11:00 a.m. on Friday, January 29. To receive admission to the online event, send a request email to [email protected]. In the email, please fully identify the supplying entity/company AND the representative(s) from that business who would like to join the virtual event. Congressman Cartwright’s office will respond.
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If you have any questions on the above event, please do not hesitate to contact a NEPA Alliance PTAC Counselor at 570-655-5581 and select option 2. |
Certificates of Origin Webinar
Wednesday, January 27, 2021
10:00 – 11:30 AM
Understanding When Certificates of Origin or Other Certificates are Required and Proper Completion of These Documents
Certificates of Origin are one of the most common commercial documents next to a Commercial Invoice and Packing List that are required for an international transaction. In some cases, additional certificates such as a Certificate of Free Sale or other certification may be required. Failure of the exporter to provide the needed certificates to a buyer can cause delays in clearance, storage charges and even fines and penalties.
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Global Access Program Update
The Global Access Program (GAP) is designed to enhance the capability of small to mid-sized Pennsylvania companies to increase export sales. GAP is administered by the Pennsylvania Office of International Business Development (OIBD) and can reimburse up to 75% of eligible expenses associated with specific export promotion activities for qualifying Pennsylvania companies. The current round of GAP funding (STEP 9) recently increased the maximum award from $5,000 to $10,000 per company per award period.
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Local Technical Assistance Program (LTAP)
Drop-In Sessions
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The NEPA Alliance has partnered with PennDOT to offer the Local Technical Assistance Program (LTAP) training series in all seven NEPA counties. Due to COVID-19 meeting concerns, LTAP has suspended in-person LTAP classes until further notice.
Instead, LTAP is offering classes virtually through the end of the year. To view the current virtual class listings and register for a class, visit the LTAP website.
LTAP is also offering a series of monthly LTAP Virtual Drop-ins centered on various safety and maintenance topics. These sessions are not virtual classes; they are informal hour-long live sessions focused on networking and sharing information with other municipal roadway personnel.
Information about the virtual drop-in sessions can be found on the LTAP website under the Bulletin Board section here.
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Did you know that the latest release in the Pennsylvania State Data Center’s COVID-19 Report Series is a collaboration with the Pennsylvania Population Network that explores risk factors related to senior isolation in the Commonwealth? To view their report, click here.
For additional information, contact Steve Zaricki at 570-891-4671 or 866-758-1929.
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"This institution is an equal opportunity employer." |
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