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 for making the greatest number of 504 loans in eastern Pennsylvania.

“SBA applauds EDC Finance Corporation’s commitment to funding underserved businesses in eastern Pennsylvania that ultimately creates jobs and improves communities,” said Tony Leta, Acting Philadelphia District Director. “With 24 loans for more than $23 million, EDC is eastern Pennsylvania’s leading CDC for fiscal year 2014.”

EDC Finance Corporation received the CDC designation from the SBA to administer 504 lending throughout the entire state of Pennsylvania in April, 2008, and has since gone on to expand delivery of SBA 504 loans from Lancaster County to include its partner counties: Adams, Cumberland and York.

Lyle Hosler, EDC Finance’s Vice President and Director of Finance, in acknowledging the organization’s success in 2014 highlighted the quality and dedication of the staff team, the strong partnerships the organization has with the lending community, and the strength of the SBA 504 loan product.

For more information on EDC Finance or on the SBA 504 loan product, visit www.edcfinancecorp.com.