Welcome to Rising Tide Community Loan Fund, small business loan products for the Lehigh Valley!
Allentown Retail Mosaic Self-Forgiving
Start-up and existing business
Allentown Retail Mosaic Self-Forgiving Loan Program
Loans under this program are available for up to and including $15,000 to help support small businesses with startup costs or expansion for existing businesses.
Businesses must demonstrate a positive, direct community impact and choose to open within the City of Allentown proper. Businesses must also agree to create one full time equivalent job held by City of Allentown residents who meet the low/moderate income guidelines.
Startup or existing business in the following categories: Retail, Mercantile, Service, Commercial (Restaurants and other establishments that prepare made to order food are ineligible)
Entrepreneurs must be interested in establishing retail businesses within the City of Allentown proper.
These loans are available for up to and including $15,000.
Microloans can be used for start-up business costs or expansion costs for existing businesses. Examples of the costs include:
There is a 5-year term on this forgivable loan. There is a 0% interest rate.
You can apply by contacting the City of Allentown’s Business Development Manager, Daniel Diaz. You can call 610-437-7610 x 2714 or email firstname.lastname@example.org. If you need assistance, feel free to contact us.