Grant · Community & economic development
Pennsylvania Minority Business Development Authority- Revolving Loan Fund Capitalization P
Community & Economic Developmentwww.pa.gov (opens in a new tab)Catalog updated
- Amount
- $400,000
- Program type
- Grant
- Field
- Community & economic development
- Eligible career stages
- Not listed
About this program
The Pennsylvania Minority Business Development Authority (PMBDA), through the state’s Community and Economic Development program, provides revolving loan fund capitalization to support low-interest lending to businesses owned and operated by ethnic minorities. Awards of up to $400,000 offer extended payment terms to eligible Community Development Financial Institutions (CDFIs) and community-based Revolving Loan Funds (RLFs). Applicants must be qualifying legal entities with successful CDFI or community-based RLF programs capable of administering and deploying the funds.
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