Manufacturing Technology Loan Fund

Upgrading your capital equipment and technology can be a vital step in expanding your markets, enhancing productivity and quality, remaining competitive, and improving your bottom line. But, in many cases, the first step is finding a way to finance such a purchase. The Manufacturing Technology Loan Fund (MTLF) is a private fund available only through Catalyst Connection. We can help you secure financial assistance in purchasing the technology you need. Our in-house advisors can prepare your company for the loan application process, clarify terms and conditions, and review allowable uses of loan funds. We’ll help you make technology upgrades or purchase capital equipment such as:

• Computer hardware and software
• Computer-aided design and computer-aided manufacturing
• Numerically controlled and computer numerically controlled equipment

Loan Details

Manufacturers with operations in Allegheny, Armstrong, Beaver, Bedford, Butler, Cambria, Fayette, Greene, Indiana, Lawrence, Somerset, Washington, or Westmoreland Counties.

Maximum $200,000, or 50 percent of total equipment costs, whichever is less.

$500, plus closing costs.

Loans are secured by lien positions on the assets being financed, and the company guarantee. Additional personal guarantees and collateral may be required.

Three to seven years, or the life of the asset, whichever is less.

Fixed at 5%.

MTLF requires your company to submit these documents with your loan application:

• Business and management histories, descriptions of business capabilities and personal resumes
• A three-year history of business financial statements, tax returns, accounts receivable, and accounts payable
• Interim financial statements no more than 90 days old
• Income statement projections and cash flow projections for at least one year
• Personal financial statements and tax returns
• Loan-related project descriptions and anticipated benefits
• Itemized project costs