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LNP – County poultry production on the rise

Article featured on LancasterOnline.

Dan and Lori Martin raise 600 head of beef cattle on their West Cocalico Township farm. They are also partners in two dairy farms of 110 cows each.

“The dairy operation has been a little tight,” Dan Martin says.

Four years ago, in an effort to diversify, the Martins expanded their farming operation once […]

Published on April 2nd, 2018|

Loan Approvals Replete with Repeat Borrowers

Four repeat EDC Finance borrowers were approved for Pennsylvania Industrial Development Authority – Agriculture loans.

Josiah & Chelsea Rohrer, Manheim – Hog & Pig Farm, $400,000 loan
Brubraker Farms, Manheim – Poultry Farm, $362,500 loan
Shelmar Farms, Mount Joy – Hog & Pig Farm, $400,000 loan
Andrew & Andrea Bollinger, Lititz – Dairy Farm, $400,000 […]

Published on March 16th, 2018|

Spooky Nook Expanding Amenities

The Pennsylvania Industrial Development Authority (PIDA) recently approved a $355,000 loan to Spooky Nook Sports, facilitated through EDC Finance Corporation. The long-term low-interest loan will support the installation of a new commercial kitchen, an event stage, sound system, and lighting display, along with fit out of a pre-event area. This investment enhances Spooky Nook Sports’ […]

Published on March 16th, 2018|

LF – Poultry’s Place in SBA Loan Program Questioned

Article featured on Lancaster Farming.

Are poultry farms small businesses?

The federal Small Business Administration has been saying yes, but now its internal oversight office is saying maybe not.

The answer could determine whether chicken farmers qualify in the future for a program that guaranteed $1.8 billion in poultry loans between 2012 and 2016.

In a March 6 report, […]

Published on March 16th, 2018|

PIDA Loan Approved for Oak Tree Development Project

Published on February 9th, 2018|

Ames Reese Plans Expansion

Ames Reese, small parts manufacturer for the automotive industry, is planning a multimillion-dollar project that will add 86,600 square feet and 30 new jobs. EDC collaborated with the Lancaster County Workforce Development Board, HACC, East Lampeter Township, and PA Department of Community and Economic Development to facilitate the company’s expansion plans and to help address […]

Published on June 13th, 2017|

PIDA Visits Lancaster

On May 16th, Jared Lucas and Nic Horting, Directors from the Office of Business Financing in the Pennsylvania Department of Community and Economic Development visited Lancaster to meet with businesses that have recently utilized Pennsylvania Industrial Development Administration (PIDA) loans for various projects. The Office of Business Financing works closely with EDC Finance Corporation to make PIDA projects […]

Published on June 13th, 2017|

IDA Savings Calculator is LIVE!

Attention all manufacturers and 501(c)(3) organizations…
If you are considering bank term loan financing for an upcoming transaction, a tax exempt interest rate may be available for your loan request.  EDC Finance partners with Penn IDA to offer commercial lenders and eligible borrowers a convenient way to test if their project is eligible to achieve […]

Published on May 12th, 2017|

A Snowy Groundbreaking for Rocky Springs

Rocky Springs Entertainment Center broke ground in March for its planned expansion at 1495 Millport Road.EDC Finance worked in conjunction with Orrstown Bank to arrange the financing package, which included an SBA 504 loan.

Published on April 24th, 2017|

Happy 30th Birthday, EDC Finance!

EDC Finance is celebrating its 30th year in business as an economic development financing entity since its formation in April 1987.  Over the past three decades, EDC Finance worked with hundreds of businesses, developers, and farmers who have invested hundreds of millions of dollars in projects to strengthen Lancaster County’s economic position.  For its first […]

Published on April 24th, 2017|