In addition to announcing $2 million in grant awards to support the new Center for Regional Analysis, EDC also celebrated a range of accomplishments and plans.
Specifically, it noted volume in 2016 for EDC Finance Corporation:
Surpassed 100 SBA 504 loans, leveraging more than $245 million of total investment that provided subordinate financing to more than […]
EDC Finance Approves 100th SBA 504 Loan
EDC Finance is happy to celebrate its 100th SBA 504 loan approval since becoming an SBA 504 Certified Development Company lender in 2009. With additional recent activity, EDC Finance has now approved 106 SBA 504 loans for more than $89 million. Those 106 loans have leveraged more than $243.6 […]
Work has commenced in earnest on EDC’s and EDC Finance’s future home at 115 East King Street. The move to East King Street is led by The Lancaster Chamber. When complete, the building will improve collaboration and connectivity with members, other businesses and partner organizations. The new space will include a Business Center as well […]
EDC Finance and the Commonwealth Financing Authority have approved a $1,550,000 Building PA loan to assist with the development of Conestoga River Plaza, a new gateway multi-tenant retail facility on South Duke Street in the City of Lancaster. The significant project has been led by the Spanish American Civic Association and SACA Development. A groundbreaking […]
Direct Wire & Cable is considered a leader in the welding supply industry. Additionally, the company has recently expanded into the power rental and industrial cable markets across the country. Direct recently completed a manufacturing expansion at its Denver, PA location, where the company installed equipment to create a state-of-the-art wire factory. The completion of […]
Mr. Bill’s Fresh Seafood is a well-known seafood market along Harrisburg Pike and in Central Market. The retail/wholesale crab and seafood establishment will be transitioning to a larger facility across the street from its former Harrisburg Pike location. The new location accommodates the seafood market as well as a 28-seat café. Tim Glatfelter, owner of […]
After completing its temporary run almost four years ago, SBA 504 Refinance will re-open on June 24th and this time it is a permanent offering under SBA 504 lending. EDC Finance can use SBA 504 Refinance loans to work with commercial businesses in Lancaster, Adams, Cumberland, and York counties and their bank’s to restructure eligible […]
On May 12th, EDC Finance coordinated a Lancaster County Ag Tour for Pennsylvania Industrial Development Authority (PIDA) staff and EDC Finance representatives to three farms that received financing from EDC Finance to improve or expand their operations. The tour included visits to Michael and Heather Lewis’ broiler farm in Mount Joy, Shelmar Acres in Mount […]
Hess Tent Rental is completing its move to a new facility at 107 North Penryn Road in Manheim. Founded in 2008 by Michael Hess, Hess Tent Rental provides tents and other related accessories for outdoor events. Rental uses include weddings, private parties and corporate events. Hess Tent Rental provides a coordinated approach for its customers, […]
In 2014, the James and Corrie Eby Farm, which specializes in organic eggs, worked with EDC Finance Corporation to acquire a Small Business First loan to build a second bird layer house. Construction on the layer facility was completed in May, 2015. On February 24th, 2016, both the farm’s new and existing bird houses were […]
