Article featured on Lancaster Online.
EDC Finance borrower, K-Prep Learning Center, LLC, was approved by the Pennsylvania Industrial Development Authority in June for a 15-year loan totaling $247,500. Senior financing for the project was provided by Orrstown Bank. The loan made possible the company’s purchase of their previously leased 4,200 square foot location on Rt. 462 west of Mountville. In addition to retaining the company at their current location, the business will now be able to make improvements and increase classroom space. Claire Crescenzi, K-Prep co-owner, said that, “Our experience with EDC has been fantastic. Randy Johnston’s positive attitude, support and knowledge moved this project from a hopeful possibility to a successful purchase. We are very grateful.”
K-Prep, in operation since 2003, offers childcare and preschool education services for children ages 6 weeks through 5 years. It offers year-round, full or part-time, preschool and childcare options.