PIDA Announces Fourth Quarter 2026 Loan Interest Rates

Members News

October 1, 2026

The Pennsylvania Industrial Development Authority (PIDA) has announced fourth-quarter interest rate options for qualifying loan applications received through Dec. 31, 2026. Financing options cover eligible real estate, equipment, working capital, pollution prevention and energy efficiency projects.

Traditional PIDA Real Estate Loans

For loans financing eligible land and building costs, borrowers have the following options:

  • Loans with regular amortization: A fixed rate of 6.25% for the full loan term, up to 15 years, or an initial rate of 5.25% fixed for seven years.
  • 10-year loans with a 20-year amortization period: A fixed rate of 6.25% for the full 10-year term, or an initial rate of 5.25% fixed for five years.

For either reset option, the rate adjusts after the initial fixed period to the then-current 10-year Treasury yield. The adjustment is limited to an increase or decrease of 2 percentage points, and the new rate remains fixed for the rest of the loan term.

Additional Loan Options

  • PIDA-MELF equipment loans: 6.25% fixed for the full loan term.
  • Export finance working capital and accounts receivable lines of credit: 6.25% fixed for 12 months.
  • Pollution prevention and energy efficiency loans: 2.00% fixed for the full loan term.
  • PIDA-SBF account loans: 5.00% fixed for the full loan term.
  • PIDA-CED account loans: 5.00% fixed for the full loan term.

PIDA-SBF and PIDA-CED Eligibility

PIDA-SBF account loans provide lending amounts of up to $1,000,000 for real estate loans and $400,000 for equipment for eligible businesses with 100 or fewer full-time employees worldwide at the time of application. Eligible enterprises include agricultural processors and producers, industrial and manufacturing businesses, research and development, hospitality, defense conversion, recycling, computer-related services, construction and child day care.

PIDA-CED account loans provide real estate, equipment and/or working capital financing of $200,000 or less for eligible retail and service businesses located in an eligible distressed area. Applicants must have 100 or fewer full-time employees worldwide at the time of application.

A reset interest rate is currently unavailable for real estate loans funded through either account because statutory provisions cap interest rates at 5.00%.

For more information about the program and application process, visit the PIDA program page.