News

US Small Business Administration Lauds the Success of EDC Finance
The U.S. Small Business Administration’s Philadelphia District Office recognized EDC Finance Corporation as its Certified Development Company (CDC) of the Year on Friday, Dec. 5 at the organization’s annual membership meeting. The award, presented by the District’s Lead Economic Development Specialist Don Jefferson, recognized EDC Finance Corporation […]

EDC Finance will participate in a regional event designed to assist small businesses (existing and start-up) to identify financing solutions. The Lender Match, set for Wednesday, November 12 from 10am – 2pm, will be held at the Dixon University Administration Building in Harrisburg. Nearly 30 lenders are scheduled to be in attendance.

At the event, lenders […]

EDC Finance ranked first out of nine organizations in the SBA Philadelphia District for SBA 504 loan volume during the period of October 1, 2013 through the end of August. With 23 loans approved totaling nearly $23 million, EDC Finance nearly doubled the volume of the second ranked organization. Lyle Hosler, EDC’s Director of Finance, […]

York County residents Steve and Julie Groff are converting Wyndridge Farm from their personal residence into a premiere event venue and York County’s first cidery. The Groff’s mutual interest in hospitality helped bring about the transformation of the farm, including extensive construction to existing structures and establishing the cidery.

The “crafty cider” produced at Wyndridge Farm […]

Effective April 21, 2014, two new rule changes will go into place for SBA 504 borrowers that will help with qualification and eligibility. SBA will be eliminating the Personal Resources Test for all SBA 504 borrowers. In the past, certain borrowers whose liquid assets exceeded the size of their current economic development project were required […]

Darrenkamp’s Markets will open its first store outside of Lancaster County next month. Newberry Commons, located in Etters, York County, will house the new store, a 40,000 square foot location that will feature a full service grocery store offering fresh meats, bakery items and hot prepared foods.

The Darrenkamp family felt complelled to expand in this […]

Schwenksville Veterinary Hospital, a full service small animal veterinary practice located in Montgomery County, Pennsylvania has been purchased by Dr. Ross Tramell.

Dr. Tramell, who has previous veterinary ties to Lancaster County, was given an opportunity to buy the existing Schwenksville veterinary facility after leasing the real estate since 2010. Dr. Tramell has successfully transformed the […]

Columbia Borough, Lancaster County will welcome a new pizza shop, with the addition of a Little Caesars franchise that will be located at 846 Lancaster Avenue.

Rashid Salahutdin has been operating Little Caesars franchises in South Central Pennsylvania since 2008. In his latest expansion effort, Mr. Salahutdin has purchased and will redevelop a vacant property that […]

Esh Foods, locally owned and operated by the Esh family for generations, is significantly expanding its wholesale and distribution capacity with an addition to their current facility located in Gordonville, Lancaster County.

Esh Foods serves as a wholesale distributor for meats, cheeses, baked goods, prepared foods and many other related food items. Their customer focus is […]

Quality Bicycle Products, Inc. (QBP) headquartered in Bloomington, Minnesota, will expand its business and distribution capacity by purchasing a 19.25 acre parcel of land in East Hempfield Township with the intention of constructing a regional business hub and distribution center.

In an ongoing effort to help QBP find a suitable home in Lancaster County, EDC has […]

One of the biggest questions EDC Finance has fielded in 2013 is ‘When will SBA 504 debt refinance return?’ The National Association of Development Companies (NADCO) is the SBA 504 trade group that has been working with the various legislative bodies to reinstate the popular Debt Refinance provisions that expired in September of 2012. The […]

Ingham’s Powder Coating, a family owned and operated business since 1989, recently received an SBA 504 and a SBF loan through EDC Finance to help fund the relocation, expansion and addition of equipment for their business. Given the success of the operation, the owners, Kyle and Barbara Ingham, were looking for a larger facility so […]

EDC Finance Corporation
by Erin Lyons

EDC Finance Corporation is pleased to announce the addition of two new regional partnerships with Adams County Economic Development Corporation and Cumberland Area Economic Development Corporation. The purpose of these strategic alliances is to offer the U.S. Small Business Administration’s 504 loan program to businesses in Adams and Cumberland Counties. Through […]