NADCO Releases Details on 25 Year SBA 504 Loans

 

In response to NADCO TI Memo 21-18 making 25-year term loans available in the SBA 504 loan program it will be helpful to understand how we expect those debentures to be priced so that small business borrowers can be better equipped to decide what term loan is best for them.

There are several variables that determine […]

Published on April 23rd, 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|

PIDA Loan Approved for Oak Tree Development Project

Published on February 9th, 2018|

River Rock Opens in City of Lancaster

Published on December 15th, 2017|

Production Ag Projects Receive PIDA Approval

Published on November 17th, 2017|

EDC Finance Goes to the Birds

EDC Finance approved financing in August for Scott & Linda Wagner to construct and equip two 63’ x 700’ turkey barns on their Quarryville area farm. The Wagners were approved for a $400,000 Pennsylvania Industrial Development Authority (PIDA) loan that comes with a fixed interest rate that will provide a locked loan payment for the […]

Published on November 17th, 2017|

PIDA Interest Rate Lowered to 2%

On July 5th, the Pennsylvania Industrial Development Authority (PIDA) lowered its economic development lending interest rate for new applications to 2% fixed for up to 15 years for projects approved during the second half of 2017. EDC Finance utilizes PIDA loans to work with Lancaster County manufacturers, industrial enterprises, farmers, agri-businesses, and other eligible borrowers […]

Published on July 31st, 2017|

Universal Athletic Club, Inc. Expansion

Universal Athletic Club, Inc., an established athletic club facility in Manheim Township, has completed renovations to their existing facility on Oregon Pike. Improvements included the addition of three new studio spaces for high demand group fitness classes, as well as renovations to the existing day spa and hair salon. You can read more about Universal Athletic Club, […]

Published on July 31st, 2017|

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|

EDC Finance Funds Centerville Area Businesses

DM/A Reveals Its Renovated Building

David Miller/Associates, Inc. (DM/A) an established local civil engineering firm specializing in landscape architecture, civil engineering, planning, geology, and surveying, recently completed the acquisition of its leased headquarter facilities on Centerville Road. In addition, the company completed several renovations and upgrades to the facility.
EDC Finance provided a $250,000 SBA 504 loan […]

Published on March 10th, 2017|