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| December 2017 |
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NEPA Presents Loan Funds to Kariz Cutz
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 Kariz Cutz received a $147,926 SBA 504 loan, through the NEPA Alliance Business Finance Corporation, for the purchase of land and a building in Monroe County. This loan assists Kariz Cutz in creating three (3) jobs. Other project funds included assistance from Wayne Bank and cash from the borrower.
Kevin Allen oversees Kariz Cutz, which was founded in 2010. Kevin graduated from barber school and became a licensed barber in 2003, when he began running his shop from his home for seven years before adding contracted barbers at the current location. Kariz Cutz was named the #1 Barber Shop in the Poconos in 2012 and has a great reputation throughout the community. Kevin has also used his passion to train five (5) barbers who all currently operate their own shops in different locations.
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 NEPA Alliance currently has 1,800-2,000 square feet of rentable space available at our office located at 1151 Oak Street in Pittston Township. The office space includes off street parking, shared use of meeting rooms and other common areas. Professional services including administrative, financial and information technology/phone services are available for smaller businesses/organizations on a fee based schedule. For inquiries, please contact
Jeffrey Box at 570-655-5581 or 866-758-1929.
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certify.SBA.gov
is the Small Business Administration's (SBA) initiative to modernize the application process for the Women-Owned Small Business (WOSB), Economically Disadvantaged Women-Owned Small Business (EDWOSB), all small-mentor-protégé, 8(a) and HUBZone programs. SBA's goal is to reduce the burden on small businesses by moving the entire process online and enabling the re-use of information so that those applying for more than one program do not have to provide the same information and documentation multiple times. On November 15, 2017, the system went live for initial 8(a) applications. In January 2018, the system will allow annual updates as well.
For personal and confidential PTAC assistance, please contact Karen Ostroskie, PTAC Senior Government Procurement Manager; Debbie Phillips, PTAC Government Procurement Manager; Paula Terpak, PTAC Government Procurement Specialist, or call (570) 655-5581.
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NEPA Alliance has several loan products available for small businesses in Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne Counties.
These low cost, low interest loans offer reduced down payments and standard loan term maturities for machinery and equipment, land and building acquisition, construction and renovation. Loan rates are fixed and generally below the prime lending rate.
Eligible businesses include Manufacturers, Industrial, Agriculture/Agribusiness, Hospitality & Tourism Related Enterprises, Recyclers, Day Cares, Computer Related Services, Advanced Technology, and Retail and Service Related Businesses. Other business sectors may also qualify.
 NEPA Alliance Business Finance Corporation has Small Business Administration (SBA) 504 loans available for eligible small businesses in Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne Counties.
Financing Structure
A bank or other lender finances 50% of the project cost and takes a first lien position on the assets financed. The SBA 504 loan  finances 40% of the project cost up to $5.5 million and takes a second lien position. The borrower then contributes a down payment of as little as 10%.
Small Businesses can Receive:
- Subordinate Financing
- 40% Funding
- Up to $5.5 Million in Financing Available
- Market Based Fixed Rate Financing
SBA 504 Loans Offer:
- Low Down Payments
- Long Term Maturities (10 & 20 Years)
*Eligibility Criteria Apply*
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| International Business Development |
The Pennsylvania Global Access Program (GAP) is designed to enhance the capacity of small to mid-sized Pennsylvania companies to increase export sales. The GAP is funded in part through a grant with the U.S. Small Business Administration (SBA).
A Pennsylvania company that meets SBA criteria can qualify and be awarded a GAP grant in the amount of up to $5,000. The company will be reimbursed 75% of eligible expenses associated with specific export promotion activities taken before September 2018.
GAP qualified activities include: Overseas Trade Mission Participation, Overseas Trade Show Participation, Approved Domestic Trade Show Participation, Foreign Market Sales Trips and Subscription to U.S. Department of Commerce Services.
Eligible Expenses are restricted to the following: Lodging (based on Federal Per Diem Limits), Ground Transportation, Parking Fees, Translation / Interpreter Fees, Website Internationalizations, Search Engine Optimization, Localization Services, Shipping Cost of Samples, Compliance Testing, Trade Mission / Trade Show Fees, and U.S. Department of Commerce Services.
Ineligible Expenses include, but not limited to Air Fare & Baggage Fees, Meals, Compensation, Consultant Fees / Service Provider Fees, Alcoholic Beverages, Hotel Amenities, Phone and Internet Usage, Phone Cards, Capital Goods / Samples, Passport / Visa Fees, Immunization, Entertainment, and New Product Development.
Northeastern Pennsylvania companies interested in applying for a GAP grant can contact NEPA's International Program for additional information and a GAP grant application packet.
To learn more about International Business Development assistance, contact NEPA's International Business Development Program Manager, Michael Horvath, at 570-655-5581 or 866-758-1929.
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Local Technical Assistance Program
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The Northeastern Pennsylvania Alliance (NEPA) and PennDOT have partnered to offer the Local Technical Assistance Program (LTAP) training series in the NEPA Metropolitan Planning Organization (MPO) region, which includes Carbon, Monroe, Pike and Schuylkill Counties, as well as the Lackawanna-Luzerne MPO region and Wayne County.
Engineering and Traffic Studies
Wednesday, December 6, 2017
8:00 a.m. - 3:00 p.m.
Middle Smithfield Township Building
147 Municipal Drive
East Stroudsburg, PA 18302
(570) 223-8920
To register, visit
www.ltap.state.pa.us and log on using your username and password. First time users must set up an account by clicking on "Create Account." For technical assistance when registering, call 1-800-FOR-LTAP (1-800-367-5827) or contact
Kate McMahon, Transportation Services Manager, NEPA Alliance at 570-655-5581 or
[email protected].
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Did you know that PennDOT has maps of municipalities on its website? Click here for access.
For additional information, contact Steve Zaricki at 570-655-5581 or 866-758-1929.
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