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Loan Programs

To learn more about any of the Loan Programs described below, contact Erlinda Aguiar at the City of Allentown, 610-439-5976 or email aguiar@allentowncity.org.

Neighborhood Business Revitalization (NBR) Loan

Available to commercial building owners or commercial tenants located between Union St. & Tilghman St. and Front St. to 12th St. Applicants may receive between $5,000 and $30,000 for exterior façade improvements, structural mechanical and electrical repairs, landscaping, interior renovations, sign repair or replacement, equipment purchases, energy improvements or project soft costs. Recipients pay 3% interest up to 10 years. Funds cover 50-80% of project costs or 70% of equipment purchased. Collateral required.

Hamilton Street Façade Loan

Available to all building owners or tenants of properties located on Hamilton St. between 5th St. and 12th St., including corner properties. Applicants may receive between $3,000 and $30,000 for exterior façade improvements or sign repair or replacement. Recipients pay 3% interest up to 10 years. Funds cover 50-80% of project costs. First or second mortgage required.

Enterprise Zone Loan

Available to businesses located within the Allentown Enterprise Zone. Recipients must create and/or retain jobs that will provide employment for enterprise zone residents and/or otherwise provide tangible benefits to the zone to increase overall economic activity and/or enhance the economic environment within the zone. Applicants may receive between $10,000 and $100,000 for improvements to the real estate including leasehold improvements, equipment, or working capital. Depending on creditworthiness, recipients pay 5.25%-8% interest for 3 to 10 years. Collateral Required. For more information on this loan, please contact Lewis Edwards, 610-770-1015, or ledwards@thebridgeworks.com.

ADCO Loan

Available to entrepreneurs who start up or expand neighborhood based businesses that provide goods and services to low-to-moderate income census tracts. Applicants may receive between $10,000 and $100,000 for land & building acquisition, building construction & renovation, machinery & equipment, inventory and working capital. The ADCO Board determines rate and conditions of financing on a case-by-case basis.

Loan & Grant Eligibility Map

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