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    Indiana County Revolving Loan Fund (RLF) - CLICK HERE FOR DETAILS



    Loan Amount and Matching Investment
    100% financing equal to three months working capital needs, up to $50,000 per borrower, as determined using the formula:  Twelve months of working capital expenses, divided by twelve, and then multiplied by three.  This amount shall be the amount of the borrower’s loan request. The loan amount will be verified using the financial statements, and/or federal tax returns of the business.  A matching amount is not required but encouraged when possible.

    Eligible Costs
    Working capital, such as for payroll, fringe benefits, utilities, and rent.

    Interest Rates and Terms
    The interest rate will be 2.5% fixed for 3 years with an option of 3-months of interest only payments, or an alternative option of 2.75% fixed for 4 years with an option for 3-months of interest only payments.

    Borrowers shall commit to retaining existing jobs.

    Loan Closing Fees
    $250 loan closing fee plus attorney and filing fees.

    The loan shall be secured by a blanket UCC-1 security interest on all business assets currently owned or acquired in the future at the highest lien position available.

    The loan shall be guaranteed by any individual or entity with a 20% or greater ownership interest in the eligible business.

    Debt Service Requirement
    The overall debt service coverage ratio needs to be at least 1:1 or greater.

    Contact Information
    Any questions regarding eligibility or to request an application should be directed to:
    Phone:  724-465-2662
  • Tue, 11 Aug 2020 09:50:00 -0400

    District to accept non-resident pre-K students

    School district boundaries are coming down for the Indiana Area School District.
  • Tue, 11 Aug 2020 09:45:00 -0400

    Wi-Fi hotspots installed

    Two Wi-Fi hotspots were installed in Indiana County to help those needing internet access. With a smart device or laptop, the public can access free hot spots located at the Indiana Free Library, which projects Wi-Fi in the area of…
  • Mon, 10 Aug 2020 23:31:00 -0400

    State of classes, athletics at Indiana left in limbo

    The look of the education system in the Indiana Area School District when school bells ring – or when Google classroom apps pop open – on Sept. 8 was left as undefined this evening as it was in June, as…
  • Mon, 10 Aug 2020 13:40:00 -0400

    Governor urges online classes for Indiana County schools

    With three weeks to go before summer vacations end in some Indiana County school districts, Gov. Tom Wolf today recommended in counties like Indiana, with certain levels of COVID-19 infections and rates of increases in cases of the illness, the…
  • Mon, 10 Aug 2020 09:59:00 -0400

    Man aims to spread good around world as birthday wish

    For most, a birthday celebration is a time to gather with friends and exchange gifts with the person celebrating another year of life, but the gifts that Sanketh Y S requested for his most recent birthday were different from the…
  • Sun, 09 Aug 2020 01:04:00 -0400

    GAZETTE PHOTOS: Firefighters, dignitaries mark opening of new fire station

    COAL RUN — Firefighters from throughout Indiana County joined their counterparts and the townspeople of the Coal Run and McIntyre area Saturday to celebrate the completion of a new fire station for Station 290, the Coal Run/McIntyre Volunteer Fire Department.
  • Sun, 09 Aug 2020 00:59:00 -0400

    Event cancellations continue to mount at KCAC

    The Kovalchick Convention and Athletic Complex has for years welcomed concerts and comedians, tournaments and banquets.
  • Sun, 09 Aug 2020 00:47:00 -0400

    Area boards hold public meetings

    Meetings of municipal governments, school boards and county governmental bodies scheduled this week are on the following days and locations. Some agencies are meeting virtually on various platforms, and some are meeting in person. Instructions on how to “attend” these…
  • Sun, 09 Aug 2020 00:44:00 -0400

    Social Centers post activity schedules

    Aging Services Inc. full-time social centers are now open for lunch and other activities. You must have a reservation to attend the center and receive a lunch. Masks are mandatory. Centers will be offering daily takeout meals. Those interested must…
  • Sat, 08 Aug 2020 09:54:00 -0400

    Farm tour highlights agricultural issues

    ARMSTRONG TOWNSHIP — Mounting their own recovery from the COVID-19 pandemic is one thing.
  • Fri, 24 Jul 2020 13:00:00 +0000


    In previous years, Pennsylvania Business Central has honored those individuals in the Healthcare industry who have made a significant impact on their communities and the people they serve. With the unprecedented Covid-19 pandemic, the entire healthcare industry has become the front line defense in our struggle against the vi­rus. To try and single out a group of individuals, however deserving, […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Central Pennsylvania Hospitals Battle Covid-19 and Finances

    Central Pennsylvania Hospitals have been reeling from the effects of the Covid-19 pandemic, both in terms of the extensive precautions needed to protect healthcare workers and patients, and the financial impacts that have left many hospitals with little choice other than to lay-off workers. Hospitals began to experience significant operational and financial impacts starting in mid-March, coinciding with federal guidance […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Congress eyes sweeping shield from coronavirus liability

    (AP) A new plan from Senate Repub­licans to award businesses, schools, and universities sweeping exemptions from lawsuits arising from inadequate corona­virus safeguards is putting Republicans and Democrats at loggerheads as Con­gress reconvenes next week to negotiate another relief package. The liability proposal, drafted by Ma­jority Leader Mitch McConnell, R-Ky., and senior Republican John Cornyn of Texas, promises to shield employers […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Covid-19 may accelerate closure of Bank Branches

    (AP) U.S. bank branches have been clos­ing at the rate of more than three a day for the last 10 years, according to the Federal Deposit Insurance Corp. They should be closing faster, some ana­lysts say. “Given the shelter-in-place orders, the COVID-19 pandemic has accelerated mo­bile adoption,” with teller transactions down “30 to 40 percent” this year, as bank-by-phone replaces […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Local Banking in the Time of Covid-19

    Although online banking was gain­ing in popularity before Covid-19, there are times when it may be neces­sary to visit your bank’s branch in per­son. With the resurgence of COVID-19 shutting down businesses in many states, the banking community has also been effected. Although Pennsyl­vania, and especially central Pennsyl­vania, continues to show promising signs, numerous banks and credit un­ions, from some […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    We are family: COVID-19 brings Hershey Medical Center front-line workers together

    Martha Jansen studies a bank of compu­ter monitors in a makeshift COVID-19 Unit in Hershey Medical Center. Jagged lines and flashing numbers track patients’ pulse rates, temperatures and oxygen levels. After a moment, Jansen produces a cord­less phone and dials a number. “Hi, it’s Martha, your nurse,” she says. “I’m out here looking at your numbers, and they look great. […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    What are PPP Loans and How Can Loan Forgiveness Be Achieved?

    For small business owners, the COV­ID 19 pandemic has created a set of fi­nancial and operational challenges that could have long-lasting effects on many of their businesses. The CARES Act, passed into law on March 27, 2020, has provisions designed to protect the live­lihoods of workers and the survival of these businesses. While no one knows the final regulations and […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Mount Nittany Medical Center

    Mount Nittany Medical Center, part of Mount Nittany Health System, is a hospital located in State College, Pa. It provides emergency and inpatient medical care in a 260-bed facil­ity. Mount Nittany Surgical Center, located nearby, is part of the Medical Center. One of the region’s top places to work, Mount Nittany Health employs about 2,400 skilled healthcare professionals and support […]
  • Fri, 24 Jul 2020 13:00:00 +0000

    Indiana Regional Medical Center

    Indiana Regional Medical Center has been serving Indiana County and surrounding communities since 1914. As a nationally rec­ognized employer, IRMC continues to meet the needs of patients and employees alike. IRMC maintains its commitment to serving the region by continually re-investing in its facilities, technology and people in order to provide the highest levels of care possible. IRMC’s vision to […]
  • Fri, 24 Jul 2020 13:00:00 +0000


    Geisinger is committed to making better health easier for the more than 1.5 million con­sumers it serves. Founded more than 100 years ago by Abigail Geisinger, the system now includes 13 hospital campuses, a 600,000-member health plan, two research cent­ers and the Geisinger Commonwealth School of Medicine. With 32,000 employees and 1,800 employed physicians, Geisinger boosts its hometown economies in […]
  • Tue, 11 Aug 2020 23:53:39 +0000

    Exclusive: Governor nominates DEP official to join PUC

    Hayley S. Book's name was sent to the Pennsylvania Senate to fill the unexpired term of Andrew Place.
  • Tue, 11 Aug 2020 20:40:54 +0000

    Steel City Squash pursuing development of $5 million facility in Larimer

    Local squash nonprofit plans to new facility with squash courts and classroom space on Larimer Avenue after working with community groups and the city to work with the URA
  • Tue, 11 Aug 2020 20:39:02 +0000

    Mountain Valley Pipeline extension into North Carolina dealt blow

    The department specifically cited the delays surrounding the construction of MVP in denying the North Carolina permits.
  • Tue, 11 Aug 2020 20:29:43 +0000

    URA board to vote on extension for $51M mixed-use project in Uptown

    The project is expected to total 167 apartments, many affordable, and total 300,000 square feet.
  • Tue, 11 Aug 2020 20:14:59 +0000

    Trump administration shows support for PTT ethane cracker project

    PTT has received millions of dollars in investment from Jobs Ohio, the state's economic development arm, as well as reached arrangement with local and county officials.
  • Tue, 11 Aug 2020 19:21:17 +0000

    Big Ten cancels fall sports season, may move to postpone until spring 2021

    The Big Ten Conference announced the postponement of the 2020-21 fall sports season and cited ongoing health and safety concerns relating to the Covid-19 pandemic as reason for the postponement. Competitions could resume in the spring, however, according to a press release from the organization. “Our primary responsibility is to make the best possible decisions in the interest of our students, faculty and staff,” Morton Schapiro, chair of the Big Ten Council of Presidents/Chancellors and Northwestern…
  • Tue, 11 Aug 2020 19:05:44 +0000

    Big Blue Swim School franchise expanding to Pittsburgh with three tentatively planned facilities

    Plans are still underway to find where the facility will be built but it will be one of 80 throughout the country under development.
  • Tue, 11 Aug 2020 18:51:28 +0000

    Nursing home operator revealed as alleged check-kiting client that cost Pittsburgh bank almost $60M

    Pittsburgh's 9th-largest bank among at least three that have filed suit against Cincinnati-area nursing home developer and operator, according to television station WCPO.
  • Tue, 11 Aug 2020 18:07:22 +0000

    Here's how school busing will work for Pittsburgh Public Schools this year

    The district opted for a new software platform to help the planning process.
  • Tue, 11 Aug 2020 17:59:23 +0000

    5 things to know from coal companies' quarterly earnings season

    Layoffs, idlings, contract buyouts, historically low demand and concern about the future in 2020 and beyond. What else could go wrong?
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