PA Business Development Authority (PBDA)
The Pennsylvania Business Development Authority (PBDA) can be a one-stop shop for employers seeking the resources to grow and for economic development agencies to build for the future.
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Streamlined Application ProcessThe PA Business Development Authority transforms a complicated and timely process into a simplified system by consolidating eight programs governed by four authorities and boards into a single authority. What does this mean for Pennsylvania business owners? — maximum impact and minimum bureaucracy. You no longer have to imagine an easy process to have your loan approved. The Department of Community and Economic Development’s financing tool kit can be streamlined to a single authority, a single application and a single loan transaction. |
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Access To Financing To Support Your GrowthWorking with our private financing partners, the PA Business Development Authority will enable our job creators to access the capital they need to prosper – improved customer service, simplified delivery system, and predictability. With over $1.05 billion in assets, the PA Business Development Authority will be a one-stop, powerhouse financing vehicle that will have the flexibility and the resources to meet the financing needs of Pennsylvania’s businesses. |
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How The Loans Can Be UsedThe PA Business Development Authority will be a single point of access to support a number of economic development needs including: site development, infrastructure improvements, machinery and equipment acquisitions, and capital for small businesses and entrepreneurs. |
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The Time To Act Is NowTogether, we have the opportunity to transform how economic development is done in the Commonwealth of Pennsylvania. The time to act is NOW. Share our vision by sharing this with a colleague.
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