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 […]
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 […]
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, […]
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 […]
