Wyndridge Farm – Dr. Steven Groff and wife, Julie, renovated an old bank barn on their farm to house a cidery and microbrewery with a tasting room, a commercial kitchen, and an event venue. The Groff’s were repeat 504 borrowers obtaining two loans for this project. This is a York County project.

Small Business Administration (SBA) 504 loans are provided through EDC Finance Corporation in conjunction with the United States Small Business Administration to assist growing businesses with long-term, fixed-rate financing for major fixed assets such as land, buildings, and equipment.

Key Benefits

  • 10 or 20 year fixed rate options
  • Equity injection as low as 10%
  • Subordinate financing to primary lender

The Sportman’s Shop – Joe and Kathleen Keffer purchased and renovated former Blue Ball Lanes to relocate their outdoorsman store from a leased building; expanded size of their retail area and added an indoor shooting range and training center.


Spring House Brewing Company – Brothers Matt and Greg Keasey purchased and renovated a vacant warehouse on Hazel Street in Lancaster to relocate their microbrewery operation that had outgrown a barn they had been using; added tasting and a restaurant.

Funding Uses & Purposes

  • Land acquisition
  • Building construction \ expansion \ renovation
  • Long-term machinery & equipment
  • Soft costs related to above items


Borrowers must be for-profit businesses or farms with a tangible net worth < $15 million and 2-year average net income < $5 million

Loan Structure

  • A commercial bank will provide senior financing for 50% of project costs
  • EDC Finance will provide an SBA 504 loan in a subordinate position for up to 40% of project costs
  • Borrower will provide a minimum 10% equity injection into the project


  • $5 million maximum loan amount for most borrowers up to 40% of project costs
  • $5.5 million maximum loan amount for manufactures & certain energy efficient projects up to 40% of project costs

Special purpose properties and new company loans reduce the maximum loan amount to no more than 30-35% of project costs


Esh Foods, LLC (photo is Jason Stoltzfus, Vice President, next generation owner, and son-in-law of Dave Esh, owner) – Dave Esh increased freezer and cold storage space on-site at their existing facility eliminating the need to rent space elsewhere; also renovated dry storage and office space.


White Oaks Veterinary Hospital – Drs. Lauren Lane and Ronald Lane (in photo) renovated and added an addition to their existing facility doubling the size.


  • Market interest rate based on prevailing 5 & 10 year Treasury notes plus a fixed rate spread
  • 20 year fixed rate term for real estate
  • 10 year fixed rate term for machinery and equipment
  • 10% minimum equity requirement from borrower in the form of cash, real estate, or other loans

Special purpose properties and new company loans increase the minimum equity amount to 15-20% of project costs

Job Requirements

Borrowers are requested to create or retain 1 full time equivalent job per $65,000 borrowed ($100,000 for manufacturers), however, EDC Finance can often utilize excess jobs in its loan portfolio to meet the required ratio if a project alone does not have enough jobs

Closing Costs

  • 0.5% participation fee based on senior loan amount (out-of-pocket)
  • 2.2% commitment and underwriting fee (debenture funded)
  • $3,000 attorney and recording costs (debenture funded)
  • Title insurance is required for real estate transactions
where To Apply
phone 717-397-4046
email Randy Johnston
email Lyle Hosler
phone 717-334-0042
email Kaycee Kemper
phone 717-240-7197
email Laura Potthoff
phone 717-848-4000
email Kenetha Hansen