ABOUT US

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) {insert link to EDC website} 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.

Project size 

$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

Entities 

• Businesses – for profit, owner occupied
• Agriculture – production & processing
• Developers

CERTIFICATIONS

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.

REGIONAL PARTNERSHIPS

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

The EDC Finance Corporation Board of Directors sets the strategic direction for the organization and oversees the operations of the loan committee.  The Board also is responsible for loan review and approval of financing requests above the loan committee’s designated authority.  The all-volunteer Board serves multi-year terms and we thank them for their many hours of dedicated service.

Officers

Michael W. Davis
Board Chair

Jeffrey S. Bleacher
Board Vice Chair

Lisa D. Riggs
President

Lyle D. Hosler
Vice President

Directors

Jeffrey S. Bleacher
Managing Partner
Ross Buehler Falk & Company, LLP

Joan M. Brodhead
EVP & COO
Community First Fund

Joshua D. Cohen, Esq.
Esquire
McNees Wallace & Nurick, LLC

Michael W. Davis, Esq.
Partner
Barley Snyder

Jacquelin Eby
CFO & Partner
Versatek Enterprises, LLC

Justin S. Evans
Township Manager
Mount Joy Township

R. Edward Gordon
Executive VP & CFO
Wohlsen Construction Company

Brett D. Jackson
Partner
Brubaker, Connaughton, Goss, & Lucarelli, LLC

Mark Lauriello
President & CEO
Rettew Associates, Inc

Craig Lehman
Commissioner
County of Lancaster

Michael P. Peachey
Partner
Acuity Advisors and CPAs

Robert Shoemaker
Retired
Lancaster City Alliance, Emeritus

LOAN COMMITTEE

The EDC Finance Corporation Loan Committee meets to assess local commercial, production agriculture and community real estate development/redevelopment loan applications.  The all-volunteer Committee is appointed by the EDC Finance Board of Directors and contains representatives from throughout EDC Finance’s area of operations:

Officers

Robert Shoemaker, Chair

Members

Jacquelin Eby
CFO & Partner
Versatek Enterprises, LLC

Justin M. Eby
Director, Housing and Community Development
Lancaster County Housing & Redevelopment Authority

Jordan Farrell
Senior Audit & Budget Specialist
Irex Corporation

Roger M. Guttridge
Retired
M&T Bank, Commercial Banking

Brett D. Jackson
Partner
Brubaker, Connaughton, Goss, & Lucarelli, LLC

Mark Lauriello
President & CEO
Rettew Associates, Inc.

Michael P. Peachey
Partner
Acuity Advisors & CPAs

Robert Shoemaker
Retired
Lancaster City Alliance, Emeritus

Bernie I. Tucker
Owner
Tucker Industrial Liquid Coatings, Inc.