Pennsylvania Code
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENT
Part III - Business Financing
Subpart C - Loans
Chapter 71 - MACHINERY AND EQUIPMENT
Subchapter A - MACHINERY AND EQUIPMENT LOAN FUND
Section 71.8 - Application evaluation
Current through Register Vol. 54, No. 44, November 2, 2024
In addition to the factors in the act for application evaluation, the Department will also review factors pertaining to business evaluation, project criteria and public benefit criteria, as follows:
(1) Business evaluation. The historical performance of an eligible business will be evaluated to assess its ability to repay the MELF loan. This evaluation may include:
(2) Project criteria. The merits of the proposed use of loan proceeds and other project funds will be assessed to determine the ability of the eligible business to repay the loan. This evaluation may include a review of:
(3) Public benefit criteria. This analysis will include factors such as the following: