News Notices & Publications - York, PA bowling center receives financing...

News Notices & Publications: York, PA bowling center receives financing

Title

York, PA bowling center receives financing

Announcement Type

News

Date Published

6/14/2012

Regional Spotlight

Short Description

60-year old facility is purchased from original owner

Body

The SEDA-COG Local Development Corporation has completed the financing of a $208,500 Small Business Administration (SBA) 504 loan for the purchase of a 28-lane bowling center in York, Pennsylvania. Michael and Linda Stock bought Lincolnway Bowling Center from Mrs. Stock’s father, who first opened it in 1956.

In addition to the SBA 504 loan, financing was provided through M&T Bank and equity funds. While the Bowling Center is nearly 60-years old, it has been regularly refurbished and modernized. Lincolnway was completely updated in 1990, and all the lanes were replaced in 1999. Recently a roof-mounted heat pump was installed.

Michael Stock has his own heating, air conditioning, and plumbing business, which he started in 1987.

For more information on SEDA-COG's Business Development Financing program, contact John Reichard at 570-524-4491, ext. 7251, e-mail reichard@seda-cog.org, or visit us on the web at www.seda-cog.org/finance

Expires

6/14/2013

Keywords

bowling york SBA