Business Financing Program

LancasterProspers Urban Capital Fund

EDC Finance Corporation is the fund manager for the LancasterProspers Urban Capital Fund/Building PA loans in Lancaster County, Pennsylvania.

Call 717-397-4046 for additional information or with questions:

John Biemiller, vice president
Lyle Hosler, project manager

Mezzanine financing for construction and redevelopment projects in the City of Lancaster and neighboring properties
Up to 50% of total project costs
Administered through EDC Finance Corporation, Lancaster County’s fund manager

Commercial, industrial or multi-use real estate projects that will be acquired, developed, redeveloped or revitalized

Industrial – produce single tenant, multi-tenant or small business incubator facilities to house activities related to
- advanced materials
- agriculture and food processing
- alternative energy
- business support centers
- construction
- life sciences
- manufacturing
- national or regional headquarters
- research and development
- technology
- warehousing
Commercial – real estate that will house for-profit businesses that provide goods or services to individuals or businesses. Eligible commercial projects must do one of the following:
- When fully occupied, provide at least 20 full-time positions
- House at least 2 for-profit businesses
Multi-use – real estate located in a developed part of a municipality that will combine primarily first floor commercial space with upper floor residential space in the same building

Fixed interest rate of no more than the first mortgage lender’s rate; maybe less in some cases
Up to 10 years (amortization up to 25 years)
Up to a 90% loan-to-value possible