Small-business interest rates drop
PITTSTON - The state recently reduced interest rates on several business financing programs.
The interest on the Department of Community and Economic Development's Small Business First program loans was cut to 1.5 percent for applications received through March 31, according to the NEPA Alliance, a Pittston-based economic development organization that processes the loans. Previously, the rate had been 2.75 percent.
The loans generally are available to companies with 100 or fewer employees.
DCED also cut interest rates through March 31 to 1.5 percent on loans for the Pennsylvania Industrial Development Authority and the pollution prevention and export financing programs, the alliance said.