Funding Opportunities
Clearly Ahead Development offers many funding opportunities on the local level, state level and federal level. Key funding opportunities are listed below that Clearly Ahead Development have previously been involved with. Other funding opportunities beside the funding programs below are available; please see the links below for state and federal funding. Clearly Ahead will also be available for your convenience with questions pertaining to any funding.
Clearfield County Industrial Development Authority - Revolving Loan Fund (CCIDA-RLF):
Serving Clearfield County. Program information dated June 1, 2026.
Eligible businesses and industries
Funds are available to any private, for-profit entity operating in Clearfield County as a corporation, limited liability company (LLC), partnership or proprietorship.
Eligible industries include manufacturing, industrial-related services, warehousing, distribution, commercial-related services and agriculture.
Loan amount, interest and project terms
- Up to 50% of total project cost or $336,000, whichever is less.
- The current Pennsylvania Industrial Development Authority (PIDA) interest rate applies and adjusts quarterly.
- Real estate and new construction: 10–15 years.
- Machinery and equipment: 5–7 years.
Other funding sources
- Local revolving loan fund programs.
- North Central Pennsylvania Regional Planning & Development Commission.
- Local banks.
- Pennsylvania Industrial Development Authority (PIDA), with interest rates varying under that program.
Eligibility, equity and security requirements
Operating entities and individuals with 20% or greater ownership must be current with all taxes, compliant with child support requirements, current with other loan obligations and have a satisfactory criminal history.
- Collateral assets must be valued at 120% of the loan amount.
- Owners must inject at least 10% of total project cost.
- Personal guarantees are required from shareholders with 20% or greater ownership.
- One full-time job must be created or retained for every $75,000 requested.
- Hazard, liability and flood insurance are required where applicable.
Application and approval process
- The Loan Committee reviews the completed application.
- Following approval, the application goes to the Board of Directors.
- A commitment letter is sent to the borrower for review and signature.
- After the accepted commitment is received, closing documents are prepared.
- Closing is scheduled.
Fees and closing costs
A loan service fee of 1% of the total loan is due at closing, plus document-preparation costs such as UCC filings, appraisals, interim interest and other applicable costs.
Required documents
- Commitment letters from matching lenders.
- Sales agreements, appraisals, bids, proposals, contracts or quotes supporting project costs.
- The three most recent years of tax returns and/or financial statements, including balance sheets and income statements, for the operating company and applicable related companies.
- The most recent interim financial statements, including balance sheets and income statements, for the operating entity and applicable related entities.
- Personal financial statements and three years of individual tax returns for each guarantor and each principal with 20% or greater ownership in the operating entity and applicable project real estate.
- For startups operating one year or less: a business plan prepared through a Small Business Development Center (SBDC) or qualified consulting organization, based on local market conditions. Include three years of projected income statements and balance sheets with supporting assumptions and notes, and management qualifications and experience.
Loan Department Contacts
Robert Swales
Chief Executive Officer
814-768-7838, extension 204
Paul McCloskey
Vice President of Energy & Business Development
814-768-7838, extension 206
Clearly Ahead Development
139 W. Market Street, Suite 200
Clearfield, PA 16830
Phone: 814-768-7838
Fax: 814-768-7338
Download the CCIDA Loan Program Information Sheet — June 1, 2026 (PDF)
Curwensville Development Corporation - Revolving Loan Fund (CDC-RLF):
Overview: The purpose of the CDC-RLF is to provide supplemental financing to support industrial and commercial investment in the Curwensville and Grampian areas of Clearfield County. These areas include Curwensville Borough, Grampian Borough, Pike Township, and Penn Township.
Uses: Acquisition of Land & Building, Machinery & Equipment, Building Improvements, Rehabilitation or property improvements including but not limited to facades and signage.
Funding: Loan request will be approved up to 80% of the total project cost or up to $10,000m whichever is first. The borrower must inject 10%-20% into the project. The funding can be combined with traditional sources of public financing or independently.
Terms: Machinery & Equipment up to a 7 year term, Land & Building up to a 15 year term.
How to Apply: Please contact Clearly Ahead Development for information regarding the CDC-RLF.
Pennsylvania Economic Development Financing Authority - Taxable and Tax Exempt Bond Program (PEDFA):
Overview: Tax exempt and taxable bonds, both in pooled transactions and stand-alone transactions, to be used to finance land, building, equipment, working capital, and refinancing.
Uses: Land & Building acquisition, Building Renovation & New Construction, Machinery & Equipment Acquisition and Installation, designated infrastructure, and Tax-Exempt Bond Refinancing.
Funding: Loans no less than 400,000 and no more than $10 million for manufacturers. No upper limit for other projects. Funding covers up to 100% of project costs.
Eligibility: Manufacturers, Non-Profit 501 (c)(3), Energy, Solid Waste Disposal, Waste Treatment, Transportation Facilities, and Assisted Living/Housing.
Terms: Since 1989, rates have averaged 46% of the prime interest rate. The weekly variable interest rate is tied to market for Tax-Exempt Bonds. Bonds are available for up to 30 year term. Borrower generally must secure letter of credit from bank and pay a $500 fee due at time of application, to be credited against the insurance fee when project closes.
How to Apply: Please contact Industrial Development Authority and Corporation.
Website to Guidelines: PEDFA Tax Exempt Bond Program — guidelines and program details
Pennsylvania Industrial Development Authority (PIDA):
Overview: PIDA provides eligible businesses with low-interest loans and lines of credit. Businesses must commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities. Applications for a PIDA loan are packages and underwritten by a network of certified economic development organizations that partner with PIDA to administer the Program.
Uses: Land & Building Acquisitions, Construction & Renovation Costs, Machinery & Equipment Purchases, Working Capital & Accounts Receivable Lines of Credit, Multi-Tenant Facility Projects, and Industrial Park Projects.
Funding: Portion of the total eligible project costs can be financed under the PIDA program. The maximum amount is determined by many factors including; proposed use of the PIDA funds, type of business enterprise applying for the financing, amount of matching finances from sources outside of PIDA, and by the number of full-time jobs that will either be retained or created.
Eligibility: Manufacturing, Industrial, Agricultural, Research & Development, Hospitality, Defense Conversion, Recycling, Construction, Child Day-Care, Retail & Service, Export, and Computer-Related Service Enterprises.
Terms: Land & Building Acquisitions & Construction up to 15 year term, Machinery & Equipment Purchases up to 10 year term, Working Capital & Accounts Receivable Lines of Credit up to a term of 1 year and can be renewed.
Interest Rates of program will be based on current market conditions.
How to Apply: Certified Economic Development Organizations help in loan applications packaging. The Organization will work with you to determine whether or now the PIDA loan program can assist with financing for your project. Clearly Ahead Development is a Certified Economic Development Organization.
Website: Pennsylvania Industrial Development Authority (PIDA)
State Website for Finding Grant/Loan Opportunities:
Pennsylvania DCED — Search for Funding
Federal Website for Finding Grant/Loan Opportunities:
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