Secure All Financing First, see your banker and discuss your plans. Remember that initially you will need money for any renovations you plan to undertake, machinery and equipment, inventory and an appropriate reserve of working capital.
Economic Development Fund If your bank cannot lend the full amount, you may want to consider the Allegheny County Redevelopment Authority's Economic Development Fund. This $50 million low-interest revolving loan fund was established in 1995 to create and retain jobs in the region. Since its inception, the EDF has created or retained an estimated 6,360 new jobs with a $43.8 million investment in local companies.
Information on the EDF is available by calling (412) 350-1089.