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Department Director:
Lew Villotti
(412) 391-5590 x302


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Two Chatham Center Suite 500
112 Washington Place
Pittsburgh, PA 15219rections
(412) 391-5590 (P)
(412) 391-9160 (F)
comments@
spctiptracker.org

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Planning & Development: Business Finance (Loans)
About The Program

SPC’s Business Finance Assistance program works with entrepreneurs to assist them in developing and expanding their businesses and creating full time jobs for people in the region.  In many instances, SPC acts as a public partner to reduce risk for local lenders who are seeking ways to mitigate their loan loss liabilities because of difficult economic times.

Through the years, SPC has developed strong relationships with local financial institutions and community-based economic development entities to create comprehensive loan packages that enable small businesses to obtain low-interest loans.  SPC has been authorized as an Area Loan Organization by the PA Department of Community and Economic Development and is an authorized economic development lender for both the Appalachian Regional Commission and Economic Development Administration.

SPC’s Business Finance Assistance staff reviews and analyzes every business client’s application, which allows its Loan Review Committee to make informed loan decisions.SPC also has the ability to make loans and provide assistance to both agricultural and tourism businesses.

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Loan Programs (PDF)

Recent Activities

In 2013, manufacturing and industrial entities made up the vast majority of businesses applying for loan funds.  SPC’s current loan portfolio consists of 76 loans totaling principal balances of approximately $6.1 million.  In 2013, SPC’s Business Finance Assistance staff closed on five projects totaling $912,500, leveraging $456,250 in private sector money.

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For more information about SPC's Small Business Finance Program, contact Ed Nemeth at (412) 391-5590 x322 or enemeth@spctiptracker.org.

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Loans
Loan Programs

 

 

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Copyright © 2015 Southwestern Pennsylvania Commission. All Rights Reserved. General Disclaimer
Southwestern Pennsylvania Commission | Two Chatham Center, Suite 500
112 Washington Place | Pittsburgh, PA 15219
P: (412) 391-5590 | F: (412) 391-9160
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SPC

About Us Publications Data Services Planning & Development Transportation Our Region
SPC Mission Statement
The Commission
All Member Listing
Meeting Agenda & Minutes
Officers & Executive Committee
Regional Policy Advisory Committee
Transportation Technical Committee
Transit Operators Committee
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2012/2013 Meeting Schedule Up to June 2012 (PDF)
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Data Library
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Maps: Regional Demographic Maps, Census Tract Maps, Free Maps
Aerial Photography
Prints
Digital Orthophotographs
Request Maps
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Community Assistance
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Energy Savings Program
Local Technical Assistance Program
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Operations & Safety
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Allegheny
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Armstrong
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