FINANCIAL ASSISTANCE

Revolving Loan Program

NEPIRC administers a U.S. Department of Commerce Economic Development Administration Revolving Loan Program as well as our own internal Revolving Loan Program established by our Board of Directors. Both loan programs can provide your business with term financing for the purchase of facilities, machinery, equipment or other assets needed to expand your business at rates BELOW the prevailing prime lending rate. Contact Donald Olszewski to see how your company can begin its application for up to $100,000 of Revolving Loan Program funds to grow your business.

Customized Job Training Grants

NEPIRC has vast experience in helping its clients secure Customized Job Training (CJT) Grants from the Pennsylvania Department of Community & Economic Development (DCED). These grants provide direct funding for any workforce training activities identified within a company’s DCED-approved 3-year employee training plan, which NEPIRC can help you develop and submit to DCED. These grants may pay for up to 75% of training costs, which make them a great way for companies to get the most out of their training budget. NEPIRC specializes in this area and is available to help your company utilize this statewide resource.

Project Financing

NEPIRC offers attractive financing options for clients undertaking significant projects with NEPIRC staff members or an approved third-party service provider. These options are designed to help your company balance its cash flow during the term of the project and use the financial benefits of the project to offset the final few payments. Contact Robert Zaruta, Eric Joseph Esoda or the NEPIRC staff member currently working on your project with us to see if your company qualifies for some of our project financing options.

Other Programs

With over 15 years of experience, NEPIRC has the expertise necessary to identify other programs that may exist to help your company defray the cost of its improvement projects and get you qualified to take advantage of them. NEPIRC has worked with organizations such as the MidAtlantic Employers’ Association Trade Adjustment Assistance Center (MATAAC), NEPA Alliance and local Workforce Investment Boards (WIBs) to secure financial assistance for its clients. As with all of our financial assistance programs, we strive to keep paperwork and “red tape” to a minimum for fast, favorable results. Leverage the knowledge of Robert Zaruta and Charlie Vaccaro to benefit your business.