We are closely monitoring the COVID-19 pandemic, and we are here to help customers through temporary or extended financial hardship. We are suspending service disconnections and suspending new late payment charges for all customers through May 1. Click here to learn more ways we can help.
Your business can qualify for incentives through PECO Smart Ideas. Financial incentives are available for the installation of higher efficiency equipment, new construction, small businesses and multi-family properties. Commercial, industrial, government, institutional and non-profit customers can all take advantage of these customized incentive programs. Explore the options and discover how your business can begin to save, visit PECO Smart Ideas.
The most popular tool on the DCED website for entrepreneurs and business owners is the Pennsylvania Funding & Program Finder. If you’re seeking funding for a business venture, community project or site revitalization in Pennsylvania, the Funding & Program Finder puts the information you need right at your fingertips. Your search will return all of the grants, loans, and initiatives offered through the Department of Community and Economic Development that may be relevant to your initiative.
The U.S. Small Business Administration offers a variety of loan programs to eligible small businesses that cannot borrow on reasonable terms from conventional lenders in the amount needed without government help. Most of the SBA's business loans are made by private lenders and then guaranteed by the agency. While it may not necessarily be easier to be approved for an SBA guaranteed loan, the guarantee will allow you to obtain a loan with a longer maturity at better repayment terms and interest rates, thereby reducing your monthly payments.
Local economic development organizationsContact your local economic development organization for further resources and for application assistance. They can be instrumental in facilitating communications with local taxing authorities, and they can help design loan packages that incorporate State and Federal programs with private financing.
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