Industrial Development Authority issues six new low-interest loan approvals

The Pennsylvania Industrial Development Authority (PIDA) recently awarded six new low-interest loans.

“The businesses that were awarded funding today will expand their operations and improve service, bring new jobs to their communities, and benefit Pennsylvanians in a number of ways — including making healthcare more accessible and environmentally friendly and acquiring the tools and equipment they need to offer high-quality service to consumers,” Gov. Tom Wolf said.

Manning-MFG, through the Bucks County Economic Development Corp., was approved for a $640,000 loan for the purchase of a multi-occupancy building.

Palmerton Site, through the Carbon Chamber and Economic Development Corp., was approved for a $2 million loan toward the cost of constructing a building.

H3C Enterprises, through the Capital Region Economic Development Corp., was approved for a $165,000 loan for the purchase of an industrial property.

SAP Manufacturing, through the Northeastern PA Alliance, was approved for a $400,000 loan for the purchase of manufacturing equipment and real estate.

Wyoming Valley Chiropractic, through the Northeastern PA Alliance, was approved for a $35,939 loan for the purchase of an imaging system and related accessories.

CryoConcepts, through the Lehigh Valley Economic Investment Corp., was approved for a $400,000 loan for the purchase of machinery and equipment.