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GROW-your business with low cost of funds

CREDC is certified by the Pennsylvania Department of Community and Economic Development as the only Area Loan Organization serving Cumberland and Dauphin counties as well as an Industrial Development Corporation. In this capacity many of the state's economic development loan programs are facilitated by CREDC for the businesses of our region. CREDC is audited and tested annually to maintain these certifications which attest to its professional capacity to underwrite and service business loans with the Commonwealth's economic development programs.

The economic development loans that CREDC provides are designed to stimulate businesses to invest in their growth and future thereby creating and retaining jobs in our region. CREDC partners with financial institutions across our region to supply apportion of business financing needs at lower fixed interest rates, giving borrowers the capacity and potential to make a larger impact on our community.

The benefits to using economic development financing affect both businesses and financial institutions.

For Businesses
- Save $
  - Below Mkt Interest Rates
  - About 4.75% on average
- Stability
  - Rates fixed for full term
  - No fluctuating payments
- Keep your Cash
  - Only 10% down vs. 20%
  - Many soft costs can be financed instead of expended out of pocket
For Banks
- Improves Asset Quality
  - Reduced exposure
    - Typical project -
      - Bank provides50%
      - CREDC provides 40%
      - Business provides 10%
  - Improved collateral position
    - Bank takes 1^st lien position for an average 50% loan to value position
    - We subordinate
  - Less volatility in debt service
    - Fixed pymt for life of loan on CREDC loan
  - Could leave borrower more liquid/with more reserves

The Capital Region Economic Development Corporation (CREDC) has a variety of loan programs available for area businesses. CREDC's Business Finance staff will work directly with the applicant to guide them through the application process, while working hand-in-hand with the applicant's financial institution. If you feel that your business is eligible for one or more of the following loan programs, please call Eric Fischer, Business Finance Officer at 717.213.5042 or This e-mail address is being protected from spambots, you need JavaScript enabled to view it