Business Financing
Recent Deals
The following are the projects approved by CREDC 2008 year to date:
|
Type of Business
|
County
|
Program
|
Loan
Amount |
Amount
Leveraged |
Jobs
|
Financing
Partner |
|
Advanced Technology Publisher
|
Dauphin
|
*EZLF
|
$ 500,000
|
$3,155,375
|
64
|
Sovereign Bank
|
|
Grocery Store
|
Dauphin
|
*MBDF
|
$80,000
|
$420,000
|
8 |
PNC Bank
|
|
Foot & Ankle Therapy
|
Dauphin
|
*SBA 504
|
$1,119,000
|
$1,962,921
|
12
|
Commerce Bank
|
|
Hotel
|
Dauphin
|
*SBF
|
$ 200,000
|
$ 531,020
|
17
|
Graystone Bank
|
|
Construction Enterprise
|
Dauphin
|
*SBF
|
$ 195,000
|
$ 238,210
|
23 |
Graystone Bank
|
| Dairy Farm | Cumberland | FIF-Ag-SBF |
$ 200,000
|
$460,450 | 4 | Ag Choice Farm Credit |
| Crop Farm | Cumberland | FIF-Ag-SBF |
$ 200,000
|
$359,450 | 2 | Ag Choice Farm Credit |
| Restaurant | Cumberland | *SBF | $ 128,000 | $191, 933 | 17 |
Commerce Bank
|
| Crystal Manufacturer | Cumberland | *SBF | $ 200,000 | $ 382,500 | 18 | Community First Fund |
| Industrial Enterprise | Dauphin | *SBF | $ 200,000 | $ 795,550 | 25 | Sovereign |
|
Totals
|
$3,022,000
|
$8,247,409
|
165
|
The following are the projects approved by CREDC 2007 year:
|
Type of Business
|
County
|
Program
|
Loan
Amount |
Amount
Leveraged |
Jobs
|
Financing
Partner |
|
Dairy Farm
|
Cumberland
|
*FIF-Ag-SBF
|
$ 200,000
|
$ 483,440
|
3
|
Ag Choice Farm Credit
|
|
3rd Party Administrator
|
Dauphin
|
*PIDA
|
$ 1,746,707
|
$ 4,075,651
|
71 |
Fulton Bank
|
|
Entertainment Facility
|
Cumberland
|
*FIF-T-MELF
|
$ 506,600
|
$ 834,400
|
30
|
Member's First
|
|
Cattle Farm
|
Cumberland
|
*FIF-Ag-SBF
|
$ 200,000
|
$ 434,500
|
2
|
Orrstown Bank
|
|
Dairy Farm
|
Cumberland
|
*FIF-Ag-SBF
|
$ 66,150
|
$ 66,150
|
2
|
Fulton Bank
|
|
Manfacturer
|
Dauphin
|
*PIDA
|
$ 302,653
|
$ 706,190
|
24
|
Equity
|
|
Dairy Farm
|
Cumberland
|
*FIF - Ag MELF
|
$ 113,100 |
$ 113,100
|
0
|
Ag Choice Farm Credit
|
|
Direct Mail Production
|
Dauphin
|
*SBF
|
$ 139,654
|
$ 139,654
|
7
|
Fulton Bank
|
|
Daycare
|
Dauphin
|
*SBF
|
$ 166,187
|
$593,813
|
12
|
Sovereign Bank
|
|
Restaurant
|
Cumberland
|
*SBF
|
$200,000
|
$1,380,700
|
19
|
Orrstown Bank
|
|
Parts Distribution
|
Dauphin
|
*EZLF
|
$150,000
|
$394,375
|
45
|
Mid-Penn Bank
|
|
Food Processor
|
Dauphin
|
*SBF
|
$87,500
|
$115,073
|
5
|
Graystone
|
|
Restaurant
|
Dauphin
|
*SBF
|
$161,950
|
$161,950
|
15
|
Equity
|
|
Gymnastics Center
|
Lebanon
|
*SBF504
|
$700,000
|
$1,150,000
|
16
|
PA State Bank
|
|
Chicken Farm
|
Cumberland
|
*FIF-Ag-SBF
|
$200,000
|
$500,000
|
2
|
Fulton Bank
|
|
Fabricator
|
Dauphin
|
*SBF
|
$152,662
|
$184,977
|
18
|
Fulton Bank
|
|
Dairy Farm
|
Cumberland
|
*FIF-Ag-SBF
|
$200,000
|
$2,150,000
|
7
|
F&M
Trust |
|
Injection Molding
|
Cumberland
|
*SBF
|
$92,394
|
$92,394
|
8
|
Community
Banks |
|
Stone Quarry
|
Dauphin
|
*PIDA
|
$434,200
|
$651,300
|
23
|
Equity
|
|
Stone Quarry
|
Juniata
|
*PIDA
|
$506,980
|
$760,470
|
39
|
Equity
|
|
Manufacturer
|
Dauphin
|
*SBF
|
$200,000
|
$212,200
|
8
|
Susquehanna
|
|
Turkey Farm
|
Dauphin
|
*FIF-Ag-SBF
|
$200,000
|
$547,533
|
2
|
Gratz National Bank
|
|
Dairy Farm
|
Dauphin
|
*FIF-Ag-SBF
|
$200,000
|
$308,500
|
2
|
Gratz National Bank
|
|
Totals
|
$6,926,737
|
$16,056,330
|
364
|
*Ag= Agriculture
*CED= Community Economic Development Loan
*EZLF= Enterprise Zone Loan Fund
*FIF= First Industries Fund
*MBDF= Minority Buisness Development Fund
*MELF= Macherinery & Equipment Loan Fund
*PEDFA= PA Economic Development Finance Authority
*PIDA= PA IndustrialDevelopment Authority
*SBA 504= Small Business Administration 504 Loan
*SBF= Small Business First Fund
*T= Tourism
If you have any questions on the loan process or the loan programs contact Melissa McLaughlin at 717.213.5042 or This e-mail address is being protected from spambots, you need JavaScript enabled to view it
