MontcoForward Loan Program

Introduction

Montgomery County, through its Commerce Department and the Montgomery County Redevelopment Authority (MCRDA) utilizes a coordinated approach to providing economic & workforce development services and assistance to individuals, entrepreneurs, investors, businesses, communities, and institutions. Through our component entities and expanding
network of partners & stakeholders, we collaborate every day to make Montgomery County the place to live, work, learn, & invest. The Commerce Department’s flagship economic development program is the MontcoForward Loan Program (MFL). A cooperative initiative of the County government and MCRDA, the MFL is designed to help businesses grow, increase
productivity, and maximize the value of investments in Montgomery County, Pennsylvania.

Program Information & Eligibility

MFL financing is primarily meant to be used as traditional economic development gap financing. Eligibility for favorable rates and terms under MFL are based upon the applicant having financing from a bank, credit union, (or other regulated financial institution) or a community development financial institution (CDFI), (together, Financial Institution) in addition to the
Applicant’s equity invested in a project. At the sole and complete discretion of the MCRDA (Administrative Entity for MFL), a loan may be awarded for a project with or without financing from a Financial Institution.

Before beginning the application process, potential applicants and interested parties are encouraged to thoroughly review the MFL Program Guidelines  and have a conversation about their project with the Commerce Department and the Redevelopment Authority.

Program Documents

MontcoForward Loan Program Fact Sheet 

MontcoForward Loan Program Guidelines

MontcoForward Loan Program Application 

Redevelopment Authority of Montgomery County Fee Schedule

Program Inquiries

Businesses interested in the MontcoForward Loan Program as well as other economic and workforce development assistance, information, and tools can begin the process by completing the Commerce Department’s Assistance Request Form.

Additional Information

MontcoForward.org – Montgomery County’s economic development marketing web platform with information, data, and everything that makes this the place to live, work, learn, and invest.

Montco Site Select – Montgomery County’s site selection assistance initiative.

Redevelopment Authority of Montgomery County – Administrative Entity for the MontcoForward Loan Program, Certified Economic Devleopment Organization (CEDO) for the Commonwealth of Pennsylvania PIDA loan program, and administrative entity for C-PACE and other economic development finance programs.

Industrial Development Authority of Montgomery County – County economic development authority engaged primarily in tax-exempt bond financing for an array of growth and investment projects in Montgomery County.

MontcoWorks – The Workforce Development Board for Montgomery County and lead entity of workforce training, recruitment, and related services.