EDC Finance Corporation

Last week, the EDC Finance Corporation joined the Lancaster City Alliance and Lancaster CRIZ Authority in welcoming Denim Coffee to downtown Lancaster. The ribbon-cutting event was held at Denim Coffee's new West King Street cafe – the specialty coffee roaster's 6th Central PA location – and included the presentation of $125,000 in funding from the CRIZ Small Business Financial Assistance Program. In partnership with the Lancaster City Alliance, #EDCFinance provides underwriting services for the CRIZ Small Business Financial Assistance Loan Program – a $5 million revolving loan fund for eligible businesses that area located within the Lancaster City Revitalization & Improvement Zone (CRIZ) area. Learn more about the CRIZ Small Business Financial Assistance Loan program at https://lnkd.in/enpv55Wi.

Attention #Veteran business owners in the hunt for funding assistance as you start or grow your business... Contact EDC Finance Corporation to learn more about lending tools like the 𝘚𝘵𝘢𝘵𝘦 𝘚𝘮𝘢𝘭𝘭 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘊𝘳𝘦𝘥𝘪𝘵 𝘐𝘯𝘪𝘵𝘪𝘢𝘵𝘪𝘷𝘦 (#SSBCI) revolving loan fund, which aims to help #VeteranOwned, #WomanOwned, and #MinorityOwned small businesses access critical funding to help with real estate purchases, construction/renovations, leasehold improvements, and working capital. Learn more below, by visiting edcfinancecorp.com/ssbci, or by reaching out to finance@edclancaster.com! #EDCLancaster #EDCFinance #EDCF #VeteransDay #PASSBCI #SmallBusinessLoans

It was all treat and no trick for attendees at last week's "First Steps: Insights from the Experts" event, presented by Kutztown University Small Business Development Center and held at The Candy Factory on 10/31. The event aimed to provide individuals at the start-up phase with tools and resources to help navigate some of the more complex financial and legal considerations for starting a business. EDC Finance Corporation vice president Jessica Hamilton was among the featured panelists and shared information on some of EDCF's lending tools, including the State Small Business Credit Initiative (SSBCI), which offers financing from $50k-$250k for small businesses (<500 employees); very small businesses (<10 employees); and woman-, minority-, and veteran-owned businesses. 🤔 Want to learn more about SSBCI loans? Visit edcfinancecorp.com/ssbci for program details, terms, eligibility, and usage requirements. #EDCLancaster #EDCFinance #LancasterPA #KUSBDC #Startups #SmallBusiness #Financing #PASSBCI #SSBCI

EDC Finance Corporation is proud to partner with Lancaster City Alliance as underwriter for the CRIZ Small Business Financial Assistance Loan Program – a $5 million revolving loan fund for eligible businesses in the Lancaster City Revitalization & Improvement Zone (CRIZ) area. With lending up to $100,000 available, CRIZ loans are an impactful lending tool for local small businesses like restaurants or retailers to cover the costs of physical improvements to their existing space, to help offset the cost of purchasing a new space, or to acquire new equipment/furnishings. In 2022 and 2023, EDC Finance helped approve nine Lancaster City businesses for $816,000 in funding for projects totaling $4.16mm! #EDCLancaster #EDCFinance #SmallBusinessLoans #CRIZ #LancasterPA

Interested in 504 financing from the U.S. Small Business Administration? ➡️ #SBA504 loans are available exclusively through Certified Development Companies (#CDC) that are uniquely qualified to understand and help you navigate the 504 loan program regulations. ➡️ EDC Finance Corporation is one of only 8 licensed CDC's located in PA – and the only CDC based here in #LancasterCountyPA. ➡️ 504 loans offer 10-, 20-, & 25-year #fixedrate financing with a $5million max loan amount on up to 40% of project costs. ➡️ Recent changes put into effect by the SBA allow businesses to use 504 loans to refinance existing commercial loans (including 504 and 7a loans). Contact finance@edclancaster.com to learn more about 504 eligibility, uses, terms, and current rates! #EDCLancaster #EDCFinance #SmallBusinessAdministration #Financing

#NationalFarmersDay may be October 12, but we're proud to celebrate #LancasterPA's thriving ag community all year round thanks through a variety of ag-specific and commercial lending tools: 🧑🌾 Did you know that EDC Finance leads the state for the highest annual volume of #NextGenerationFarmerLoanProgram loans? #NextGen loans are exclusively available to first-time farm owners and help ensure that Lancaster's strong farming tradition continues to be passed down generation to generation. 🚜 Loans provided through the #PIDAag Fund assist growing agribusinesses with access to incentive financing for major fixed assets such as land, buildings, and equipment. 🏢 Commercial PIDA loans to businesses like Hoober Inc. and Messick Equipment provide critical funding to companies that distribute and service the ag equipment that local farmers rely upon. 🍦🥚🥩 #SBA504 lending to businesses that purchase/sell farm-fresh meat, dairy, and produce like Fox Meadows Creamery, Inc., Smucker's Meats, and Sensenigs Feed Mill Inc. Farming has long played an important role in Lancaster County's economy, and EDC Finance Corporation is proud to do its part to help keep that tradition going strong! To learn more about ag lending tools that are available through #EDCFinance, visit https://lnkd.in/eGT9N7BC or contact us at finance@edclancaster.com. #EDCLancaster #AgLending #FarmerLending #LancasterCountyPA #Agribusiness

Updated #PIDAloan rates for Q4 have been released, showing a half-point drop from Q3 rates on 15-year and 7-year term loans! With long-term, fixed-rate financing on up to 50% or $2mm of industrial projects, traditional PIDA real estate loans are ideal for larger-scale projects involving: 🏢 Purchase of owner-occupied real estate or equipment 🏗️ Building or renovating real estate 🏭 Industrial site development 🏬 Multi-tenant purchases or renovations Whether you've been waiting for lower interest rates to move a project forward, or are just now in the planning stages for an upcoming expansion or relocation, now is a great time to get in touch with EDC Finance Corporation to explore which EDCF lending tools are the best fit for your project! Send an email to finance@edclancaster.com or submit the form at edclancaster.com/contact to get the conversation started. #EDCLancaster #EDCFinance #EconomicDevelopment #LancasterPA #PIDA #PADCED #BusinessLending

"We can bring together tools that can offer lower rates, fixed rates at longer terms, or less equity, but, above all else, our team's lending expertise allows us to partner with banks to get deals done. We’re experts at matching businesses with economic development lending tools when they’re a good fit, and not wasting anyone's time when they’re not." - Jessica Hamilton, VP, EDC Finance Corporation Last week's #EDCMemberBriefing event may have been exclusive for EDC Member companies, but the benefits of working with #EDCFinance for your business's funding needs aren't! Whether you're gearing up for an expansion or are a small business still getting started, you can rely on the experienced team at EDC Finance to help you navigate through the lending process and find the best tool for your business' needs. 🤔 Learn more about programs like #SBA504, #PIDA, and #SSBCI » https://lnkd.in/eb5it3ZJ 🗣️ Questions? Send an email to finance@edclancaster.com to get the conversation started. #EDCLancaster #EDCFinance #BusinessFinancing #InterestRates #LocalBusinessCommunity #LancasterPA

"The downward trend in rates also is causing some excitement among potential corporate borrowers, said Jessica Hamilton, vice president of Lancaster-based EDC Finance Corporation, which helps businesses access public-sector loan programs. “If they are in a place where it’s time to go, they feel a little bit more comfortable and hopeful,” she said." (via biznewsPA) This week's interest rates drop might have you thinking about finally moving forward with that expansion project, but did you know that working with #EDCFinance can get you access to benefits like below-market and long-term fixed interest rates? Whether you're looking to grow your existing footprint, relocate, finance a major purchase, or are a small business in need of working capital, our diverse portfolio of federal, state, and local lending tools are ready to help ease the financial burden and set your business up for success. Get the conversation started » finance@edclancaster.com #EDCLancaster #LancasterPA #EconomicDevelopment #InterestRates #BizNewsPA #BusinessLending

Exciting update for the Place Marie project in #DowntownLancaster!