City of Williamsport

Commercial Loans

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MICRO ENTERPRISE PROGRAM

A Micro Enterprise is a commercial enterprise with 5 or fewer employees, including the owner. The owner, or at least 51% of your employees, must be low or moderate income. The business must be located within the City of Williamsport.

The City offers Micro loans at a 3 % interest rate. Loan repayments are deferred for up to one year.  Funds of up to $10,000 are available to assist you to develop or expand your business. An application and a business plan are required.    Funds can be used to:

  1.   Provide credit to establish, stabilize or expand an eligible micro enterprise

  2.   Provide technical assistance

  3.   Provide general support to the business

Contact the Community Development Office at 570-327-7511 for more information, or complete and submit  the form at the bottom of this page. 
 

COMMERCIAL FACADE IMPROVEMENT PROGRAM 

The City of Williamsport Commercial Facade Repair and Improvement Program offers a low interest loan for repairs and improvements to the exterior of commercial property.  The owners of Commercial units located in any City Commercial Zoning District are eligible to apply.

  1. Examples of eligible work items are roofing, window and door replacement, lighting, painting, accessibility accommodations, signs, and correction of pre-existing hazardous conditions.

  2. Construction of new additions is not eligible under this program and hazardous conditions must be addressed before using CF funds to make cosmetic improvements.

We offer a 3% interest loan of up to $10,000. The loan requires monthly repayment and has a ten (10) year repayment term.   Contact the Community Development Office at 570-327-7513 for an application, more information, or just complete and submit  the form at the bottom of this page. 

 

 
   

LOCAL ECONOMIC REVITALIZATION TAX ASSISTANCE PROGRAM
(LERTA) is currently suspended - .

SHOPSTEADING LOAN  A Commercial Investment Program

The City offers financial assistance for private economic development projects that create jobs!
Shopsteading offers a maximum $100,000 loan at 4% interest. (Depending upon the availability of funds)
To be eligible for funding your economic development project must:

  1. Provide at least two dollars $$ of financing for each dollar $ of Shopsteading assistance.

  2. Create or retain jobs for persons, at least 51% of whom, are low to moderate income.

  3.  At least one job must be created or retained for each $15,000 of Shopsteading assistance.

Contact the Community Development Office at 570-327-7511 for an application, more information, or just complete and submit  the form at the bottom of this page.




Commercial Loans 
Please fill out the form below for commercial loans. Someone will be with you shortly. Thank You.
City of Williamsport
Economic Development 

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