Youveau Aesthetics Medspa & Wellness receives $180,000 loan
Harrisburg, PA (June 7, 2023) – Youveau Aesthetics Medspa & Wellness, a growing provider of medical spa and wellness services, is celebrating the successful closing of a loan to support the expansion of their business.
The loan, provided by the Pennsylvania Industrial Development Authority (PIDA) through Capital Region Economic Development Corporation (CREDC), has enabled Youveau Aesthetics Medspa & Wellness to expand their services and facility, providing even more clients with access to their innovative and effective treatments.
The 15-year PIDA loan of $180,000 provides the company fixed rate financing at 3% over 7 years and a maximum of 5% for the remaining 8 years. CREDC recognizes Orrstown Bank as a partnering lender in this package which provided $210,000 in a senior collateral position.
“We are thrilled to have secured this loan and are excited about the opportunities it will bring,” said Alicia Stidfole, founder, and CEO of Youveau Aesthetics Medspa & Wellness. “Our goal has always been to provide clients with the highest quality services and this loan has allowed us to so while expanding our reach.”
With the loan, Youveau Aesthetics Medspa & Wellness has purchased a new building located along Front Street in Harrisburg, hired additional staff, and invested in new technology to enhance their services.
“We are committed to providing our clients with the best possible experience and this loan has helped us do just that,” said Alicia Stidfole. “We are excited to see what the future holds for Youveau Aesthetics Medspa & Wellness and look forward to continuing to serve our clients with the highest level of care.”
Administered through the Pennsylvania Department of Community and Economic Development (DCED), the PIDA program provides low-interest loans and lines of credit to Pennsylvania businesses that commit to creating and retaining full-time jobs in the Commonwealth, as well as for development of industrial parks and multi-tenant facilities. Applications are packaged and underwritten by CREDC and other Certified Economic Development Organizations (CEDOs) that partner with PIDA.
“We are excited to partner with the PIDA program to provide advantageous lending that will assist Youveau to expand,” said Anita Weikel, Economic Development Lending Officer for CREDC. “The continued growth and expansion of businesses in our region is a very important part of CREDC’s work, and we look forward to seeing the continued growth of Youveau through this loan.”
For more information about Youveau Aesthetics Medspa & Wellness and their services, visit their website at www.youveau.org.
Lending Officer, Economic Development
Capital Region Economic Development Corporation
Youveau Aesthetics Medspa & Wellness
About Harrisburg Regional Chamber & CREDC
Harrisburg Regional Chamber & CREDC serves as a catalyst for promoting growth and quality of life in Cumberland, Dauphin and Perry Counties through bold leadership, visionary members and powerful results. Building on its 136-year history, the organization provides a unique blend of business, community/economic development and advocacy services under one roof to boost economic vitality and livability across the region. The Chamber & CREDC is 5-star accredited by the United States Chamber of Commerce, a distinction achieved by less than five percent of chambers across the nation.
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. CREDC is a certified lender in Cumberland, Dauphin, and Perry counties.
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