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 […]
In addition to announcing $2 million in grant awards to support the new Center for Regional Analysis, EDC also celebrated a range of accomplishments and plans.
Specifically, it noted volume in 2016 for EDC Finance Corporation:
Surpassed 100 SBA 504 loans, leveraging more than $245 million of total investment that provided subordinate financing to more than […]
EDC Finance Approves 100th SBA 504 Loan
EDC Finance is happy to celebrate its 100th SBA 504 loan approval since becoming an SBA 504 Certified Development Company lender in 2009. With additional recent activity, EDC Finance has now approved 106 SBA 504 loans for more than $89 million. Those 106 loans have leveraged more than $243.6 […]
Work has commenced in earnest on EDC’s and EDC Finance’s future home at 115 East King Street. The move to East King Street is led by The Lancaster Chamber. When complete, the building will improve collaboration and connectivity with members, other businesses and partner organizations. The new space will include a Business Center as well […]
EDC Finance and the Commonwealth Financing Authority have approved a $1,550,000 Building PA loan to assist with the development of Conestoga River Plaza, a new gateway multi-tenant retail facility on South Duke Street in the City of Lancaster. The significant project has been led by the Spanish American Civic Association and SACA Development. A groundbreaking […]
Direct Wire & Cable is considered a leader in the welding supply industry. Additionally, the company has recently expanded into the power rental and industrial cable markets across the country. Direct recently completed a manufacturing expansion at its Denver, PA location, where the company installed equipment to create a state-of-the-art wire factory. The completion of […]
Mr. Bill’s Fresh Seafood is a well-known seafood market along Harrisburg Pike and in Central Market. The retail/wholesale crab and seafood establishment will be transitioning to a larger facility across the street from its former Harrisburg Pike location. The new location accommodates the seafood market as well as a 28-seat café. Tim Glatfelter, owner of […]
After completing its temporary run almost four years ago, SBA 504 Refinance will re-open on June 24th and this time it is a permanent offering under SBA 504 lending. EDC Finance can use SBA 504 Refinance loans to work with commercial businesses in Lancaster, Adams, Cumberland, and York counties and their bank’s to restructure eligible […]
On May 12th, EDC Finance coordinated a Lancaster County Ag Tour for Pennsylvania Industrial Development Authority (PIDA) staff and EDC Finance representatives to three farms that received financing from EDC Finance to improve or expand their operations. The tour included visits to Michael and Heather Lewis’ broiler farm in Mount Joy, Shelmar Acres in Mount […]
