Fay-Penn Economic Development Council
Financial Support & Loan Programs
Fay-Penn Economic Development Council works with businesses in Fayette County to secure the financial support they need to grow, adapt, and thrive in today’s evolving economy.
Whether you’re a startup, an established business, or planning a new venture in Fayette County, Fay-Penn Economic Development Council’s Loan Professional can help determine whether a Fay-Penn loan program is a good fit for your business needs.
Fay-Penn’s Revolving Loan Program offers financing, subject to qualification requirements.
To get started, complete the pre-application form here: Loan Pre-Application
Flexible financing for businesses that support Fayette County’s economy.
Supporting businesses that bring energy, investment, and activity to Fayette County downtowns.
Helping businesses grow, invest, and create opportunity within the Enterprise Zone.
At Fay-Penn, we provide flexible financing support designed to help businesses start, grow, and invest. Whether you’re purchasing equipment, expanding operations, improving property, or launching a new venture, our loan programs offer accessible funding to support long-term success. From downtown revitalization to enterprise growth, we’re committed to strengthening local businesses and building a better Fayette County.
Fay-Penn General Loan Fund
The Fay-Penn General Loan Fund is the most versatile option, designed to support a wide range of business needs for businesses, acquisitions, and organizations that are located in Fayette County or contribute to the county’s economic growth.
Possible project types include:
- Production or process equipment
- Real Estate
- New Construction
- Building Improvements
- Leasehold Improvements
- Limited related project costs, such as installation, engineering, or other costs tied to the financed project
- Refinancing when the new terms are advantageous to the borrower/business
- Working capital
- Business Acquisition
Downtown Revitalization Loan Fund
The Downtown Revitalization Loan Fund is designed for businesses located in, or planning to locate within, designated downtown areas throughout Fayette County. This fund supports investment that strengthens downtown communities, encourages redevelopment, and helps create more vibrant local business districts.
Possible project types include:
- Production or process equipment
- Real Estate
- New Construction
- Building Improvements
- Leasehold Improvements
- Limited related project costs, such as installation, engineering, or other costs tied to the financed project
- Business Acquisition
- New start-up operations, with additional review, and security as needed
- Working capital only when it is part of a larger eligible project, not the entire loan purpose
Enterprise Zone Loan Fund
The Enterprise Zone Loan Fund supports businesses located within the Enterprise Zone footprint that are planning capital projects, expansion, or improvements. This fund is focused on encouraging business growth, job creation, job retention, and long-term investment in targeted areas of Fayette County. Please reach out to Bryce Landman if you are unsure if your business in the enterprise zone.
Possible project types include:
- Production or process equipment
- Real Estate
- New Construction
- Building Improvements
- Leasehold Improvements
- Limited related project costsm such as installation, engineering, or other costs tied to the fnanced project
- Business acquisition
- Working capital only when it is part of a larger eligible project, not the entire loan purpose.