Business Services Industry

Lehigh, Pa.-Area Firms Receive $500,000 in Loans from Technology Organization.

Knight Ridder/Tribune Business News, February, 2004

By Jeanne Bonner, The Morning Call, Allentown, Pa. Knight Ridder/Tribune Business News

Feb. 21--Four companies in the Lehigh Valley will receive more than $500,000 in loans from Ben Franklin Technology Partners of Northeastern Pennsylvania.

The local companies are among 11 recipients of $614,039 in loans in Ben Franklin's second round of funding for the year, which was announced Friday. Ben Franklin Technology Partners gives assistance and low-interest loans to startup firms. The organization, based locally at Lehigh University in Bethlehem, also helps existing companies.

Three startup companies in the Lehigh Valley each received $150,000 in loans: Exscribe and GateChange Technologies, both of which are in Ben Franklin's incubator at...

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