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Regional Chamber > Newsroom > Press Releases > 2007 Archives > The Harrisburg Regional Regional Chamber & CREDC Helps Finance the Fiesta Mexico Restaurant in TECPORT

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2007 Archives

The Harrisburg Regional Regional Chamber & CREDC Helps Finance the Fiesta Mexico Restaurant in TECPORT

HARRISBURG, PA (July 10, 2007) - The Harrisburg Regional Chamber & CREDC (HRC/CREDC) announced today that it provided financing through the SBA 504 and a Small Business First loan program to El Rodeo of Swatara, Inc. to help build the Fiesta Mexico restaurant and purchase new equipment for the start-up.

This new eatery can be seen from I-83 and is located in the TecPort commercial complex along Paxton Street in Swatara Township , Harrisburg , Dauphin County , PA. The owners of El Rodeo of Swatara, Inc. have many years experience owning and operating the regional chain of Mexican food restaurants known as El Rodeo.

"This is a good example of our ability to package federal and state lending programs at one location working with our experienced professional staff along with the client's bank to make the process as client friendly as possible. That is part of the value that the HRC/CREDC brings to the table for local businesses," stated David Black, President & CEO of HRC/CREDC.

HRC/CREDC assisted the business in obtaining a Small Business Administration (SBA) 504 loan of $945,000 for the purchase of the land and the construction of the restaurant. This loan was part of a financing package that included financing from Commerce Bank and other equity contributions. HRC/CREDC has formed a strategic partnership with the South Eastern Economic Development Company of PA to provide SBA 504 loans to our region. As a result of this arrangement, HRC/CREDC provides borrowers local representation, as well as a closing attorney that's close to home.

HRC/CREDC provided a Small Business First (SBF) loan of $100,000 for the purchase of furniture and equipment in conjunction with other equity contributions. The SBF loan program is designed to stimulate the expansion and assist in the retention of small business for the purpose of creating new jobs and retaining existing jobs in Pennsylvania . This important program is administered by the Commonwealth's Department of Community and Economic Development and is funded with the ongoing support of the Administration and the General Assembly.

The Capital Region Economic Development Corporation (CREDC), is the economic development arm of the Harrisburg Regional Chamber, and is the leading organization for promoting and performing economic development activities in Cumberland, Dauphin and Perry counties.  The group offers a variety of programs and resources to help attract, retain and expand business in the region.


The Harrisburg Regional Chamber & CREDC serves as a catalyst for promoting growth and quality of life in Cumberland , Dauphin and Perry Counties by providing a unique blend of business, community and economic development and advocacy services under one roof to boost our economic vitality and livability as a region. HRC/CREDC has been accredited with four stars from the United States Chamber of Commerce.