Article featured on LancasterOnline.
With the help of a state loan approved Wednesday, a $20 million redevelopment project on Lancaster city’s east side soon will begin. The far-reaching mixed-use project is dubbed Tobacco Avenue, after the obscure alley that forms its western boundary. As was announced last year, the venture will revitalize a drab property that’s also bounded […]
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 […]
Article featured on LancasterOnline.
An East Hempfield Township manufacturing plant, vacant for three years, is getting new life under a new owner.
The former Maximatecc plant, 1811 Rohrerstown Road, near East Petersburg, is being sold to two brothers who own a pair of small but growing Brownstown companies.
John and Dan Weinlader, who own Superior Tech and VS […]
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 […]
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 […]
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’ […]
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, […]
