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    Indiana County Revolving Loan Fund (RLF) - CLICK HERE FOR DETAILS



    Loan Amount and Matching Investment
    100% financing equal to three months working capital needs, up to $50,000 per borrower, as determined using the formula:  Twelve months of working capital expenses, divided by twelve, and then multiplied by three.  This amount shall be the amount of the borrower’s loan request. The loan amount will be verified using the financial statements, and/or federal tax returns of the business.  A matching amount is not required but encouraged when possible.

    Eligible Costs
    Working capital, such as for payroll, fringe benefits, utilities, and rent.

    Interest Rates and Terms
    The interest rate will be 2.5% fixed for 3 years with an option of 3-months of interest only payments, or an alternative option of 2.75% fixed for 4 years with an option for 3-months of interest only payments.

    Borrowers shall commit to retaining existing jobs.

    Loan Closing Fees
    $250 loan closing fee plus attorney and filing fees.

    The loan shall be secured by a blanket UCC-1 security interest on all business assets currently owned or acquired in the future at the highest lien position available.

    The loan shall be guaranteed by any individual or entity with a 20% or greater ownership interest in the eligible business.

    Debt Service Requirement
    The overall debt service coverage ratio needs to be at least 1:1 or greater.

    Contact Information
    Any questions regarding eligibility or to request an application should be directed to:
    Phone:  724-465-2662
  • Fri, 07 Aug 2020 13:23:00 -0400

    County passes 300 virus cases

    The total number of people infected with the novel coronavirus in Indiana County since the pandemic reached the area in March has eclipsed 300.
  • Fri, 07 Aug 2020 09:59:00 -0400

    DEP: County 'special focus' of RGGI plan

    Pennsylvania Department of Environmental Protection officials reiterated Thursday that “there certainly is a special focus on Indiana County” as Gov. Tom Wolf’s administration continues its plan to bring the Keystone State into the Northeast Regional Greenhouse Gas Initiative by the…
  • Fri, 07 Aug 2020 09:54:00 -0400

    Homer-Center sets 20-21 COVID guidelines

    CENTER TOWNSHIP — A plan for guarding the health and safety of Homer-Center School District students, teachers and staff has been adopted by the school board in advance of the planned Aug. 31 opening of classes for the 2020-21 school…
  • Fri, 07 Aug 2020 09:54:00 -0400

    Board votes to delay start for Penns Manor

    KENWOOD — Penns Manor Area School District’s board of directors voted at a special meeting Thursday to delay the start of fall classes by five days, and to declare the COVID-19 pandemic an emergency as defined in the state school…
  • Fri, 07 Aug 2020 09:49:00 -0400

    Farmers markets, movies, picnic, thanks, etc.

    The Indiana County Farmers Market is celebrating National Farmers Market Week and is asking customers to share on social media why you appreciate your market.
  • Fri, 07 Aug 2020 09:30:00 -0400

    IASD plans online conferences

    Parent-teacher conference day once had a completely different meaning: a chance to get together once the school year started and settled down, to see how the kids were doing.
  • Fri, 07 Aug 2020 09:30:00 -0400

    Recycling scheduled for Creekside

    Recycling bins will be set out at the Creekside park on Aug. 15. The following items will be accepted: Glass (clear, brown and green); cans (aluminum and steel food and beverage containers); newspapers, magazines and catalogs; and plastics (#1 and…
  • Thu, 06 Aug 2020 09:57:00 -0400

    Directors fill two admin slots

    The Blairsville-Saltsburg school board temporarily filled the positions of superintendent and business manager on Wednesday, naming two officials affiliated with the district to the interim jobs.
  • Thu, 06 Aug 2020 09:57:00 -0400

    Board delays start of school year for Blairsville-Saltsburg School District

    The scheduled start of the school year for the Blairsville-Saltsburg School District will be delayed by a week to provide more time for officials to prepare technology to livestream instruction.
  • Thu, 06 Aug 2020 09:45:00 -0400

    County bolsters voter registration staff

    County leaders have bolstered the staffing of the voter registration office in advance of the registration deadline and anticipated high level of voting by mail for the Nov. 3 presidential election.
  • Fri, 24 Jul 2020 13:00:00 +0000


    In previous years, Pennsylvania Business Central has honored those individuals in the Healthcare industry who have made a significant impact on their communities and the people they serve. With the unprecedented Covid-19 pandemic, the entire healthcare industry has become the front line defense in our struggle against the vi­rus. To try and single out a group of individuals, however deserving, […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Central Pennsylvania Hospitals Battle Covid-19 and Finances

    Central Pennsylvania Hospitals have been reeling from the effects of the Covid-19 pandemic, both in terms of the extensive precautions needed to protect healthcare workers and patients, and the financial impacts that have left many hospitals with little choice other than to lay-off workers. Hospitals began to experience significant operational and financial impacts starting in mid-March, coinciding with federal guidance […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Congress eyes sweeping shield from coronavirus liability

    (AP) A new plan from Senate Repub­licans to award businesses, schools, and universities sweeping exemptions from lawsuits arising from inadequate corona­virus safeguards is putting Republicans and Democrats at loggerheads as Con­gress reconvenes next week to negotiate another relief package. The liability proposal, drafted by Ma­jority Leader Mitch McConnell, R-Ky., and senior Republican John Cornyn of Texas, promises to shield employers […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Covid-19 may accelerate closure of Bank Branches

    (AP) U.S. bank branches have been clos­ing at the rate of more than three a day for the last 10 years, according to the Federal Deposit Insurance Corp. They should be closing faster, some ana­lysts say. “Given the shelter-in-place orders, the COVID-19 pandemic has accelerated mo­bile adoption,” with teller transactions down “30 to 40 percent” this year, as bank-by-phone replaces […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Local Banking in the Time of Covid-19

    Although online banking was gain­ing in popularity before Covid-19, there are times when it may be neces­sary to visit your bank’s branch in per­son. With the resurgence of COVID-19 shutting down businesses in many states, the banking community has also been effected. Although Pennsyl­vania, and especially central Pennsyl­vania, continues to show promising signs, numerous banks and credit un­ions, from some […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    We are family: COVID-19 brings Hershey Medical Center front-line workers together

    Martha Jansen studies a bank of compu­ter monitors in a makeshift COVID-19 Unit in Hershey Medical Center. Jagged lines and flashing numbers track patients’ pulse rates, temperatures and oxygen levels. After a moment, Jansen produces a cord­less phone and dials a number. “Hi, it’s Martha, your nurse,” she says. “I’m out here looking at your numbers, and they look great. […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    What are PPP Loans and How Can Loan Forgiveness Be Achieved?

    For small business owners, the COV­ID 19 pandemic has created a set of fi­nancial and operational challenges that could have long-lasting effects on many of their businesses. The CARES Act, passed into law on March 27, 2020, has provisions designed to protect the live­lihoods of workers and the survival of these businesses. While no one knows the final regulations and […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Mount Nittany Medical Center

    Mount Nittany Medical Center, part of Mount Nittany Health System, is a hospital located in State College, Pa. It provides emergency and inpatient medical care in a 260-bed facil­ity. Mount Nittany Surgical Center, located nearby, is part of the Medical Center. One of the region’s top places to work, Mount Nittany Health employs about 2,400 skilled healthcare professionals and support […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Indiana Regional Medical Center

    Indiana Regional Medical Center has been serving Indiana County and surrounding communities since 1914. As a nationally rec­ognized employer, IRMC continues to meet the needs of patients and employees alike. IRMC maintains its commitment to serving the region by continually re-investing in its facilities, technology and people in order to provide the highest levels of care possible. IRMC’s vision to […]
  • Fri, 24 Jul 2020 13:00:00 +0000


    Geisinger is committed to making better health easier for the more than 1.5 million con­sumers it serves. Founded more than 100 years ago by Abigail Geisinger, the system now includes 13 hospital campuses, a 600,000-member health plan, two research cent­ers and the Geisinger Commonwealth School of Medicine. With 32,000 employees and 1,800 employed physicians, Geisinger boosts its hometown economies in […]
  • Fri, 07 Aug 2020 18:18:15 +0000

    Port Authority of Allegheny County ordering drivers, other workers to return for full bus service

    All Port Authority of Allegheny County employees who aren’t sick or in quarantine have been ordered to return to work WPXI reports. According to WPXI, some workers have been off due to Covid-19, general health concerns and child care issues. Workers are being asked to return in preparation for full, already scheduled bus service, which starts on Aug. 23, WPXI said. In June, Port Authority began resuming regular light rail service operations to pre-pandemic schedules, though only by using single-car…
  • Fri, 07 Aug 2020 18:16:34 +0000

    Judge upholds denial of UPMC's permit to build Jefferson Hills hospital

    UPMC could appeal the ruling.
  • Fri, 07 Aug 2020 18:10:19 +0000

    Pittsburgh banks are big holders of restaurant loans, a sector hard-hit by Covid-19

    Three of region's largest banks among those with highest balances of restaurant loans in 2Q, according to S&P Global Market Intelligence analysis.
  • Fri, 07 Aug 2020 17:48:43 +0000

    Viewpoint: We must save our restaurants

    It’s time for the federal government to take action to save the U.S. restaurant and bar industry, which is collapsing under the weight of stay-at-home orders, capacity limits and employee infections. Pennsylvania’ problematic and confusing approach of constantly changing the rules on short notice has been one issue for restaurant and bar owners, but with the pandemic raging, it will take much more than a different approach to occupancy orders to save restaurants and bars here in Pittsburgh and…
  • Fri, 07 Aug 2020 17:19:20 +0000

    IBM closes office at Forbes and Murray in Squirrel Hill

    Tech giant closes office of one-time local startup Vivisimo, with employees formerly at the 20,000-square-foot office now working from home as landlord prepares to market the space for lease.
  • Fri, 07 Aug 2020 16:46:49 +0000

    PNC exits optional insurance business for consumer loans

    PNC Financial Services Group Inc. is no longer providing credit insurance on consumer loans. “The bank has fully honored the policy by providing coverage through the paid term for all individual participants,” Marcey Zwiebel, PNC senior vice president and director of corporate public relations, said. “PNC (NYSE:PNC) is committed to continue working with individual clients to discuss their unique situation and provide solutions that help meet their financial needs.” Generally speaking, Zwiebel…
  • Fri, 07 Aug 2020 15:48:59 +0000

    Owner could close Cumberland Mine by 2023

    Would depend on whether a buyer can be found.
  • Fri, 07 Aug 2020 12:32:14 +0000

    Limbach Holdings offered a $35 million investment in return for a majority of its board positions

    Construction contractor Limbach Holdings has been offered $35 million from an investment group in exchange for four of its seven board positions the Pittsburgh Post-Gazette reports. According to the Post-Gazette, the offer comes from Brian L. Pratt, the former CEO of Dallas-based contracting company Primoris Services Corp., and an unnamed investment company. Pratt currently owns a 19% stake of Limbach Holdings with 1.5 million shares, valued at about $5.8 million, that he acquired between Feb.…
  • Fri, 07 Aug 2020 12:20:56 +0000

    Dick's Sporting Goods opening 11 new stores across nine states this month

    Dick's Sporting Goods announced it plans to open 11 new stores across nine states this month which it says will add 300 full-time and part-time jobs throughout the country. The new stores include four traditional Dick's Sporting Goods stores, one combination Dick's and Golf Galaxy location, five Dick's Sporting Goods Warehouse Sale stores and one Overtime by Dick's Sporting Goods location. The stores are slated to open between Aug. 5 through the 30 in Arizona, Colorado, Georgia, Illinois, Massachusetts,…
  • Fri, 07 Aug 2020 12:18:11 +0000

    Rock 'n' Joe opens new location in Gibsonia

    Pittsburgh-based coffee shop franchise Rock 'n' Joe has landed on its seventh location, opening in Treesdale, the golf club and residential community in Gibsonia. The music-themed coffee franchise is the second location in the region after an established location on Penn Avenue downtown. Other locations are in Nebraska and New Jersey. The new location at Treesdale is expected to be the first of 10 new shops to open in the region in the next three years by the company's local franchise partners,…
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