Business Opportunities Fund (BOF)
Overview
Installment loans, lines of credit and technical assistance for minority business enterprises, women-owned business enterprises and small businesses.
Uses
Cash flow (working capital) – Including most business operation and expansion expenses; Equipment – includes acquisition, delivery, installation, and renovation of new and used equipment; leasehold improvements; and acquisition of owner-occupied real estate.
When necessary, the participating community development financial institutions (CDFIs) will provide technical assistance to borrowers in procurement, certification as minority or women contractors, bonding and bid preparation.
Eligibility
Any small business may apply, but the program will give priority to small businesses requiring capital and technical assistance in order to compete for governmental and private sector contracts.
This program is open to businesses located in the following counties:
- Adams
- Allegheny
- Armstrong
- Beaver
- Berks
- Butler
- Chester
- Clarion
- Crawford
- Cumberland
- Dauphin
- Erie
- Fayette
- Franklin
- Greene
- Indiana
- Lancaster
- Lawrence
- Lebanon
- Lehigh
- Mercer
- Montgomery
- Northampton
- Perry
- Washington
- Westmoreland
- York
Funding
There are no minimum or maximum loan sizes.
Terms
Interest rates and other terms and conditions are determined by the participating CDFIs.
How to Apply
Jim Buerger
Chief Lending Officer – Community First Fund
51 South Duke Street, Suite 400
P.O. Box 524
Lancaster, PA 17608-0524
717.393.2351
T.J. Bogdewic
President and CEO Bridgeway Capital, Inc.
707 Grant Street
Suite 1920
Pittsburgh, PA 15219
412.201.2450