The City of Lancaster has established a Small Business Loan Program to provide special rate financing to small businesses locating or expanding in the City of Lancaster. The program is principally designed to provide gap financing to applicants.

The Small Business Loan Program will be made available to those businesses located or planning to locate within the City of Lancaster.

Loans can be made out in the amounts listed below for the different classes of businesses listed below:

a. Micro Enterprise Loan (start-up business): The fixed asset financing and working capital up to 90% of the total financing needed; not to exceed $20,000.
b. Enterprise Loan: Fixed asset financing up to 80% of the total financing needed; not to exceed $250,000. Working capital loans may be considered but limited to $20,000 for qualified applicants.

The City reserves the right to determine the loan amount based on the intended use of the proceeds and the financial and capital assets of the applicant.

For more detail on what the Enterprise Loan Program entails and its requirements, click here.

To download the application for this program, click here.