Manufacturing Technology Loan Fund (MTLF)

About the Loan

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. The MTLF is a private fund available only through Catalyst Connection that can help you finance these capital improvements. 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.

Loan Details

  • Eligibility: Manufacturers with operations in Allegheny, Armstrong, Beaver, Bedford, Butler, Cambria, Fayette, Greene, Indiana, Lawrence, Somerset, Washington, or Westmoreland Counties
  • Loan limit: Maximum $400,000
  • Application Fee: $500, plus closing costs
  • Collateral: Loans are secured by lien positions on the assets being financed, and the company guarantee. Additional personal guarantees and collateral may be required.
  • Term: Three to Five years maximum.
  • Rate 3.5%

Requirements

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

  • Business and management histories, descriptions of business capabilities and resumes
  • Three-year business financial statements, tax returns, accounts receivable/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

For more information, contact Art Tintori, Managing Director of Financial Services, at atintori@catlaystconnection.org or