Small Diverse Business Capital Access Program (SDBCA)

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SDBCA Program Summary

  • Low interest loans to minority, woman, veteran or service-disabled veteran owned businesses certified by the PA Department of General Services
  • Available to small businesses (100 employees or fewer)
  • Administered through the York County Economic Development Company (YCEDC), York County’s Certified Economic Development Organization (CEDO)

Eligible Businesses

  • Manufacturing
  • Industrial
  • Construction enterprises
  • Agricultural producers
  • Agricultural processors
  • Child-daycare centers
  • Hotels, motels or restaurants (established non-startups)
  • Technology-oriented and computer-related services
  • Municipal or commercial recyclers
  • Research and Development enterprises
  • Military and defense-related enterprises
  • Service enterprises (located in distressed communities)

Uses and Purposes of Funding

  • Land and building acquisition and construction
  • Machinery and equipment purchases, maintenance, upgrades and repairs
  • Working capital and accounts receivable lines of credit

Amounts

  • Maximum loan amount is $200,000 or 50% of total eligible project costs, whichever is less
  • Maximum line of credit amount is $100,000 (50% match is required for service enterprises only)

Interest Rate

Based on current market conditions (fixed at time of application to DCED)

Terms

  • Up to a 15-year term for land and building
  • Up to a 10-year term for machinery & equipment
  • Up to a 1-year term for working capital and accounts receivable lines of credit, which can be renewed annually up to a maximum of six (6) years

Job Creation and Retention

  • Create one full-time job for every $50,000 borrowed, or retain one full-time job for every $35,000 borrowed
  • Agricultural producers are not subject to job creation and retention requirements

PA Department of General Services Certification

Fees

  • $1,500 non-refundable YCEDC Application Fee (applied to YCEDC Commitment Fee)
  • 5% YCEDC Commitment Fee (net minimum $2,500)
  • $1,750 – $2,500 estimated legal fees