Pennsylvania Capital Access Program (PennCAP)

Loan guarantee through participating banks to be used to support a wide variety of business purposes.

Guidelines

• PennCAP-Brochure-2011.pdf

Uses

Land, building, equipment, working capital

Funding

Guaranteed loans up to $500,000

Eligibility

Loan guarantee through participating banks for all businesses with capital needs (AgChoice Farm Credit funds only agricultural projects)

Terms

Rates and terms negotiated with participating bank; Program provides guarantee for bank loan; Term loan or line of credit; Refer to the Program Brochure

Where to Apply

Participating Banks: PNC Bank, N.A. Contact: Hema Gandiga, 215-749-4431;  Huntington Bank. Contact: Jason Wells, 614-331-9825; Sovereign Bank. Contact: Jennifer Roykouff, 610-526-6446; AgChoice Farm Credit (agricultural loans only). Contact: Timothy W. Eshelman, 570-523-1201,x321; Susquehanna Bank. Contact: Mike Brenner, Senior Vice President, 717-735-8795