EDC Finance Corporation

New year, new #PIDAloan rates! Now through March 31, borrowers seeking Traditional PIDA Real Estate financing for eligible land & building costs can lock in: ➡️ fixed 5.50% rate for the life of the loan (up to 15 years) - set at the current 10-year treasury yield + 100 basis points ➡️ fixed 4.50% rate for the initial seven (7) years  - set at the 10-year treasury yield - after 7 years, rate will reset to the then-current 10-year treasury yield for the remaining duration of the loan (reset rate is limited to a 200 basis point increase/decrease) 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 Contact Kaliopi Karomfily (kkaromfily@edcfinancecorp.com) or submit the form at edclancaster.com/contact to get the conversation started. #EDCLancaster #EDCFinance #EconomicDevelopment #LancasterPA #PIDA Pennsylvania Department of Community & Economic Development

The end of the year is usually a busy one for the EDC Finance Corporation team, but it's also an exciting time for us as we get to look back and celebrate the local businesses we've supported and the projects we've helped get funded over the past 12 months. If your business is gearing up for an expansion/relocation or major purchase in 2025, or if you're curious about which low-interest, fixed-rate #EDCF lending program is the best fit for your funding needs, we should talk! Contact Kaliopi Karomfily (kkaromfily@edcfinancecorp.com) to learn more. #EDCLancaster #EDCFinance #BusinessLending #LancasterPA

Here's wishing one and all a happy, relaxing – & warm! – holiday from all of us here at EDC Lancaster County and EDC Finance Corporation! Please note that EDC's offices will be closed on Wednesday, December 25. And if you're in need of a last-minute gift for you team, we have it on good authority that a printed ticket to the 2025 #EDCAnnualMeeting on March 4 can be folded to fit *any* stocking size 🎅🏻 » https://lnkd.in/eHWYwnBB #EDCLancaster

Seven Trees Woodworking LLC is expanding in New Holland, PA, with the help of a $975,000 low-interest loan from the Pennsylvania Industrial Development Authority (PIDA). Learn more: https://lnkd.in/gQKuU73T #PAGetsItDone 

There's nothing quite like squeezing in a #lowinterest loan approval before the end of the year. Here's congratulating Seven Trees Woodworking on today's #PIDA loan approval! Since 2009, Seven Trees Woodworking has earned a name for itself thanks to its high-quality custom doors, cabinetry, and furniture. Fifteen years later, EDC Finance Corporation is excited to help Seven Trees continue its growth as it looks to transition from lessee to owner of its current location in Earl Township. The $975,000 PIDA loan announced today will be used to purchase a 3.8-acre parcel of land, which includes a 28,300-square-foot industrial building, 12,000 square feet of warehouse space, and 3,500 square feet of office space. The total project cost is $2 million, and the company expects to create four new jobs and retain 19 full-time jobs within the next 3 years. #EDCLancaster #EDCFinance #SevenTreesWoodworking #BusinessLending #LancasterPA

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