Success Stories

Small Business Success Stories:

Two Client Spotlights from NEDCO CDC.

NEDCO CDC has helped numerous small businesses secure financing through the Small Business Administration’s 504 loan program. Two of these success stories include Horizon Dental Care and Kadillac Tattoo.

Horizon Dental Care, an established dental practice in Northeastern Pennsylvania, was able to expand their business with the help of NEDCO CDC.

With the assistance of NEDCO, Dr. John Evanish, III, the owner of Horizon Dental Care, secured the funds needed to purchase a 4-story commercial building in downtown Scranton. The property is located at the intersection of Wyoming Avenue and Mulberry Streets, two major thoroughfares in the city that see over 24,000 vehicles daily. Dr. Evanish utilized 55% of the space in the building for his dental practice and the remaining space for a coffee and gift shop. The SBA 504 loan program provided the long-term fixed-rate financing needed to make this expansion possible.

Kadillac Tattoo, a successful tattoo shop located in the Mt. Airy area of Philadelphia, also utilized the SBA 504 loan program to expand their business.

With over 20 years of experience in the tattoo industry, owner Eric Flynn had been looking to expand his business into Mt. Airy. With the help of NEDCO and Centric Bank, Eric and his wife Lisa were able to secure 20-year fixed-rate financing with only a 10% down payment. This loan enabled Eric to purchase the Germantown location and secure both the property and the future of his growing business.

nedco-cdc-logo Success Stories
These success stories highlight the important role that NEDCO CDC plays in helping small businesses secure financing and achieve their growth goals. The SBA 504 loan program offers long-term, fixed-rate financing that can be used to purchase fixed assets, such as real estate or equipment. With the help of NEDCO, small business owners can navigate the complex process of securing a 504 loan and ensure they access the resources they need to grow and thrive.

NEDCO CDC is committed to supporting small businesses in their growth and success. Through the SBA 504 loan program, we provide personalized service and expert guidance to help small business owners secure financing and achieve their goals. Contact us today to learn more about how we can help your small business succeed.