Carbon Chamber and Economic Development Corp. is a certified provider for the Pennsylvania Industrial Development Authority Loan Program.

The third quarter interest rates for the PIDA program will be in effect for loan applications received through Sept. 30.Real estate loans financing eligible land and building costs:• Fixed interest rate for the full term of the loan (up to a 15-year period). This option is calculated using the 10-year treasury yield plus 150 basis points.Based on the current 10-year treasury yield, the fixed rate option is 3.75 percent for the life of the loan.• Fixed interest rate for a seven-year period set at the 10-year treasury rate plus 50 basis points.After seven years, the rate will reset to the 10-year treasury rate plus 50 basis points.The reset rate is limited to a 200 basis point increase/decrease and has a floor of 2.25 percent. The reset rate is then fixed for the duration of the loan.For this option, the rate is fixed for seven years at 2.75percent and will reset to the 10-year treasury rate plus 50 basis points after the seven year period.The reset interest rate is capped at 4.75 percent (200 point increase) with a 2.25 percent floor and will be fixed for the remaining term of the loan.• Equipment loans: 3.75 percent fixed rate for the full term of the loan.• Working capital and accounts receivable lines of credit: 3.75 percent fixed rate for 12 month period.• Pollution prevention and energy efficiency loans: 2.00 percent fixed rate for the full term of the loan.For more information on PIDA Loans, the CCEDC Small Business Expansion Loan Fund or the IDA Revolving Loan Fund and rates, contact Kathy Henderson at the CCEDC office at 610-379-5000, or email:

khenderson@carboncountychamber.org.