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.