News: CREDC Loans

The Capital Region Economic Development Corporation (CREDC) continues to advance small business growth and regional reinvestment through the State Small Business Credit Initiative (SSBCI) and the Pennsylvania Catalyst Loan Fund. Two recent loan closings supporting Wheel Worx, Inc. and Holistic Pet Care, LLC dba Abrams & Weakley General Store for Animals reflect continued momentum in…

The Capital Region Economic Development Corporation (CREDC) is pleased to announce the successful closing of a $1,460,000 Traditional loan through the Pennsylvania Industrial Development Authority (PIDA) to support Osage Piping & Fabricating, Inc. in the acquisition of its long-time manufacturing facility at 85 Industrial Road, Highspire, PA. CREDC worked closely with Osage and First Commonwealth…

A long-vacant parcel on South Second Street is being reimagined as one of downtown Harrisburg’s newest gathering spaces through a collaboration between Harristown Development Corporation and the Capital Region Economic Development Corporation (CREDC). Coronet Park, a 3,300-square-foot pocket park and event venue located between Crowne Plaza and The Menaker near Market Square, is currently under…

Highspire, PA – September 3, 2025 – The Capital Region Economic Development Corporation (CREDC) has announced that the Pennsylvania Industrial Development Authority (PIDA) approved a $1.46 million Traditional PIDA loan to support Osage Piping & Fabricating, Inc. in acquiring its manufacturing facility at 85 Industrial Road, Highspire, PA. The project supports a planned ownership transition…

Hershey, Pa. – August 2025 – CREDC continues to help small businesses grow through SBA 504 financing, which enables entrepreneurs to buy real estate, build equity, and strengthen their presence in the community. Recently, CREDC finalized an SBA 504 loan for Bowman Insurance Group (operating as Big Risk Partners, LLC) to purchase its office building…

Harrisburg, PA – October 2025 – The Capital Region Economic Development Corporation (CREDC) continues to grow small business investment across Central Pennsylvania through the Pennsylvania Catalyst Loan Fund (PACLF). Supported by the State Small Business Credit Initiative (SSBCI), this program helps entrepreneurs access affordable financing for expansion, real estate investment, and community revitalization. Recently, CREDC…

Harrisburg, Pa. – October 2025 – The Capital Region Economic Development Corporation (CREDC) has announced two new SBA 504 loan approvals that will help small businesses in Dauphin County grow and gain long-term property ownership. The projects, Kiddie Academy of Harrisburg and The Hershey Tavern, show how the SBA 504 program helps entrepreneurs move from…

HERSHEY, Pa. – The Capital Region Economic Development Corporation (CREDC) successfully closed a $2 million PIDA loan on June 26, 2025. The loan will support the expansion of Hidden Still Distillery in Hershey, Pennsylvania. Founded by David Stein in 2014, Hidden Still is one of the largest producers of Pennsylvania craft straight bourbon whiskey, according…

Hershey, Pa. – The Capital Region Economic Development Corporation (CREDC) announced that Hidden Still Distillery received approval for a $2 million loan from the Pennsylvania Industrial Development Authority (PIDA). The loan, approved on May 7, 2025, will support the acquisition and renovation of Hidden Still’s Hershey facility. Founded by David Stein in 2014, Hidden Still…