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NEPA Alliance Reduces Interest Rate to 2% on USDA Rural Development Loan Program

In order to help businesses retain or expand employment, meet market opportunities, and attract additional investment, the Northeastern Pennsylvania Alliance (NEPA) has announced a reduction in the rate of interest charged for the US Department of Agriculture – Rural Development (IRP) Loan Program. The rate will go from 4% to 2%.

“The low interest rate provides a unique opportunity for businesses to expand in this challenging economic environment,” said Dave Nat, Business Finance Manager with NEPA.

The NEPA Alliance, a regional community and economic development agency, serves the seven counties of Northeastern Pennsylvania including Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne. NEPAAlliance services include Business Financing, Government Contracting Assistance, International Trade Assistance, Non Profit Assistance, Transportation Planning, Research and Information, and Local Government Services. For more information visit the NEPA Alliance Website or call 866-758-1929. This institution is an equal opportunity provider and employer.

To learn more about NEPA loan programs, please contact Dave Nat or Paul Macknosky at 570-655-5581 or 866-758-1929.

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