Business Financing Program

PA Industrial Development Authority (PIDA)

EDC Finance Corporation is the Industrial Development Corporation for PIDA loans in Lancaster County, Pennsylvania.

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

John Biemiller, vice president
Lyle Hosler, project manager

Low interest loan financing for land and building acquisition, construction and renovation projects that result in the creation or retention of jobs
Available to any size business
Administered through EDC Finance Corporation, Lancaster County's Industrial Development Corporation (IDC).

Businesses involved in the following enterprises:

Loans up to $2 million (within Enterprise Zones, Act 47 Industrial Communities, and Brownfield sites; up to $2.25 million within Keystone Opportunity Zones (KOZs)
30% to 70% of total eligible project costs, based on firm size and county unemployment rate
Up to 75% of total eligible project costs for Keystone Innovation Zone (KIZ) companies
Brownfield sites and those in an Act 47 municipality, Enterprise Zone, Keystone Opportunity Zone (KOZ) or Advanced Technology projects qualify for the lowest interest rate.

Fixed Interest Rate: 10-year U.S. Treasury rate (Lancaster City, Keystone Opportunity Zones-KOZs, Keystone Innovation Zones-KIZs and Brownfields). Benchmark plus 100 basis points for all other projects.
Up to 15-year term on land and buildings
No less than a second mortgage on financed assets
Disbursement to applicant based upon reimbursable expenses
$35,000 loan per job created or retained (no loan per job requirement on industrial park or multi-tenant projects).