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 […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]
B&B’s Custom Trim, Inc., a supplier of interior and exterior trim material for commercial and residential customers, has purchased and renovated a new headquarters facility on Mount Joy Road in Manheim. EDC Finance Corporation, in conjunction with First National Bank, approved a $502,000 SBA 504 loan to help the project secure a 20-year fixed interest […]
EDC Finance Corporation Elects
New Board Leadership
At its December meeting, the Board of EDC Finance Corporation elected Michael R. Carper, President and CEO of HDC MidAtlantic, as Chair after serving as Vice Chair of the organization for the past two years. Michael W. Davis, Esq., Partner at Barley Snyder, was elected as Vice Chair. Both will […]
EDC Finance is excited to announce Rocky Springs Entertainment Center has been approved for their second SBA 504 loan, this time to assist owner Sherry O’Neill and her husband Fred with a major expansion. Construction is set to begin shortly to add new entertainment options to the facility including a laser tag arena, expanded redemption […]
