News: CREDC Loans

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…

Harrisburg, Pa. – The Capital Region Economic Development Corp. (CREDC) closed a $207,500 PA Catalyst Loan Fund project on March 6 to fuel the continued growth of Triple P Fitness in Harrisburg. Owned by Noah Parsons, Triple P Fitness offers personalized, results-driven training programs aimed at improving clients’ health and wellness. With this loan—funded through…

Camp Hill, Pa. – The Capital Region Economic Development Corporation (CREDC) successfully closed an SBA 504 loan on March 27. The funding supports the acquisition of Cornerstone Coffeehouse in Camp Hill. Local entrepreneurs Caleb Watters and Ali Shover, operating as JL BS Investments LLC, are now the café’s new owners. They plan to maintain its…