WHO WE ARE
EDC Finance Corporation is a community-based private, not-for-profit organization that was founded by the Economic Development Company of Lancaster County (EDC) in 1987 to provide Lancaster County businesses access to state and local economic development incentive financing resources.
WHAT WE DO
EDC Finance Corporation provides project structuring expertise and access to multiple leading economic development financing resources and tools.
• $500,000 to $15 million
Uses and purposes of funding
• Land and building acquisition
• Building construction, expansion and renovation
• Purchasing/upgrading long-term machinery and equipment
• Businesses – for profit, owner occupied
• Agriculture – production & processing
In April 2008, EDC Finance Corporation received the Certified Development Company (CDC) designation from the U.S. Small Business Administration to administer the federal SBA 504 program throughout the entire state of Pennsylvania.
EDC Finance Corporation also holds a Certified Economic Development Organization (CEDO) designation from the State of Pennsylvania.
With its Pennsylvania state-wide SBA 504 lending charter, EDC Finance partners with leading not-for-profit economic development organizations to efficiently deliver SBA 504 loans to Adams (Adams County Economic Development Corporation), Cumberland (Cumberland Area Economic Development Corporation), and York County (York County Economic Alliance) businesses.
EDC Finance provides structuring expertise, credit underwriting, and maintains the back-office functions related to closing and servicing SBA 504 loans outside of Lancaster County. The regional economic development partner provides a reliable, local loan origination point of contact and staff that will assist with application material and a local voice supporting the loan approval.
BOARD OF DIRECTORS
- Jeffrey S. Bleacher
Ross Buehler Falk & Company, LLP
- Kimberly J. Decker
- Jacquelin Eby
CEO & President
Versatek Enterprises, LLC
- Justin M. Eby
Lancaster County Housing & Redevelopment Authority
- Jordan K. Farrell, Vice Chair
Vice President of Construction Services
- Roger M. Guttridge
M&T Bank, Commercial Banking
- Brett D. Jackson, Chair
Brubaker, Connaughton, Goss, & Lucarelli, LLC
- Jose Lopez
SACA & SACA Development
- Michael P. Peachey
Acuity Advisors & CPAs
- Robert C. Shoemaker
Lancaster City Alliance, Emeritus
- Tony Smith
Vice President of Finance
Warfel Construction Company