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Conestoga River Plaza Secures $1,550,000 Building PA Loan

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 […]

Published on August 19th, 2016|

Direct Wire & Cable Expands Operations with SBA 504 Loan

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 […]

Published on July 20th, 2016|

Mr. Bill’s Fresh Seafood Reels in a New Location with the Help of EDC Finance

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 […]

Published on July 20th, 2016|

SBA 504 Refinance to Reopen June 24th

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 […]

Published on June 17th, 2016|

Seeing the Impacts of Production Agriculture Financing

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 […]

Published on June 17th, 2016|

Hess Tent Rental Expands with 504 Financing

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, […]

Published on June 13th, 2016|

Resilience at Eby Farm

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 […]

Published on May 11th, 2016|

EDC Finance Transfers Land on Final Phase of Northwest Gateway Project

On February 25th, EDC Finance Corporation completed its participation in the ten-year Northwest Gateway redevelopment in the City of Lancaster with the transfer of the final parcel of land to project partners Franklin & Marshall College and Lancaster General Health/Penn Medicine.

This final phase of the project involved the $9+ million redevelopment of the 27-acre former […]

Published on May 11th, 2016|

EDC Finance and the Red Caboose Motel & Restaurant

EDC Finance goes “All Aboard” with the Red Caboose Motel & Restaurant
The iconic Red Caboose Motel will reopen its train doors this spring with a fresh look and energized new ownership. Tyler and Todd Prickett bought the renowned 9.3-acre site and are investing additional funds toward remodeling the train cars, restaurant, and gift shop. Its […]

Published on April 12th, 2016|

EDC In Your Community

Caruso's Italian Restaurant & Wyndridge Farm Each Aquire SBA 504 Loans For Expansion
Caruso's recently moved into its new location in Willow Street, thanks in part to EDC Finance Corporation and WSFS Bank. EDC Finance helped Caruso's acquire an SBA 504 loan for its expansion into a new 3,000-square-foot space. And by combining efforts with Fulton Bank and the York County Economic Alliance, EDC Finance helped Wyndridge Farm of York County obtain approval for a second SBA 504 loan.

Published on February 29th, 2016|