HARRISBURG, Pa. -- Pennsylvania has reduced the interest rate for companies under the Small Business First program from the current 3.75%to 2.75%, reports state Community and Economic Development Secretary Dennis Yablonsky. There is more than $38 million available for new loans under SBF."This is the latest round of good news for current and prospective business owners in Pennsylvania," Yablonsky says. "Lowering the SBF interest rate will enable some businesses to modernize and grow by making lower-cost capital more readily available."Small Business First is a DCED financing programs designed to assist businesses in their efforts to grow and thrive within the Commonwealth. SBF provides funding for small businesses that includes low interest loan financing for land and building acquisition and construction, machinery and equipment purchases, and working capital.For more information about the Small Business First Program, visit the Department of Economic Development's Web site (www.inventpa.com) and search keywords "single application.""