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Pa Small Business Credit Initiative (PSBCI) Program

PSBCI is a loan program established through the Small Business Credit Initiative Act of 2010, the United States Department of the Treasury, and Pennsylvania’s Department of Community and Economic Development (DCED).

The Commonwealth of Pennsylvania chose Seedcopa to administer the PSBCI program.

Although businesses may not use PSBCI to refinance existing debt, beyond that, the sky’s the limit.

For instance, PSBCI can be used for:


Working capital

Franchise fees


Business purchase/change of ownership

Start-up business costs

And the purchase, construction, renovation and/or improvements to a commercial, owner-occupied property

The decision whether to lend is made by Seedcopa and then enrolled with the state, providing a more flexible and creative process to approving loans!

Loan amounts range from $50,000 to $200,000, with total projects stretching from $100,000 to $400,000 and above.

The PSBCI loan is a second lien instrument. This benefits you because it gives your primary lender the ability to approve loans that might otherwise be declined.

Since the structure and eligibility of this particular loan can be more creative, it is worth a quick discussion to determine your company’s eligibility.

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