SEDA-COG Finance
Skip navigation links
SEDA-COG
Business & Industry
Communities & Non-Profit
Individuals / Residential
News, Notices & Publications
Resource Links
Calendar
SEDA Council of Governments > SEDA-COG Finance > Success Stories
Skip navigation links
SEDA-COG FinanceExpand SEDA-COG Finance
Loan ProgramsExpand Loan Programs
Loan Application Forms
Success Stories
Lending Partners
Coverage Area
Newsletter
Loan Calculator
Loan Activity
Frequently Asked Questions
Contact Us
Links
Calendar

 Success Story: The Main Street Grill & Bar

 The Main Street Grill & Bar 

A new restaurant in downtown Lock Haven recently opened thanks to a funding partnership with the City of Lock Haven and Clinton County, and the assistance of SEDA-Council of Governments’ Business Finance Department. The Main Street Grill & Bar, 127 E. Main St., held a ribbon cutting on July 26 with SEDA-COG’s Ray Haden in attendance. Christopher Darwin’s restaurant serves everything from seafood and steak to pizza and subs, and many of the top cocktails and beers available.The establishment will create nine full-time and 15 part-time jobs.  
 
Loans for the $466,250 project included the Clinton County Revolving Loan Fund ($85,000), the Clinton County Enterprise Zone Loan Fund ($50,000), and the Lock Haven Commercial Loan Program ($50,000). Darwin is a seasoned restauranteur who owns the Riverside Saloon on Grove Street in the city. He said Haden’s help was crucial to start the business. “Working with Ray was a pleasure. He seemed just as determined as I was to make these loans (and this business) happen,” Darwin said. “We had several twists and turns come our way during this process, and without Ray’s guidance through this process, the business probably would have never come to fruition.
 
Since the 1980s, Clinton County has contracted with SEDA-COG’s Business Finance Department staff to act as their loan officers for technical assistance and recommendations. The Lock Haven Small Business Development Center also incorporated SEDA-COG into the business plan for the restaurant, and recommended the city’s loan funds. Haden, senior relationship manager with the SEDA-COG Business Finance Department, reviewed it and said it looked like a great project. He recommended the use of the county’s loan funds because it would lower the interest rate. “For start-up businesses, it’s generally very important for management to have appropriate capital reserves. The use of these revolving loan funds was a perfect fit for this project because of the low interest rate and other favorable repayment terms, leading to a palatable financing package,” Haden said.
 
The SEDA-COG Business Finance Department partners with new or expanding businesses statewide, helping them realize a better future with attractive financing packages. SEDA-COG offers financing with low, fixed rates with long terms and minimal down payments. SEDA-COG has been doing this for over 30 years, providing over 900 loans in excess of $220 million.  
 

 
 

 Success Story: Kyfus Metal Sales, LLC

 Kyfus Metal Sales, LLC 

SEDA-COG recently assisted Kyfus Metal Sales, LLC with a $200,000 SEDA-COG Tri-District EDA-RLF loan to purchase equipment, cover installation costs, and soft costs for a start-up sheet metal fabrication business to supply local contractors with metal components such as roofing products, trim, spouting, flashing, and siding.  First National Bank also assisted in this project. 
 
Jadon Stotzfus and Patrick Kyler have modeled their business to a similar one that operates in Ohio known as Buckeye Metal Sales LLC and owned and operated by Jadon Stoltzfus' brother-in-law.
 
Kyfus Metal Sales is a local metal fabrication business that supplies metal components to contractors, metal supply houses, do-it-yourself homeowners, farmers, ranchers, and municipalities.  Kyfus will be able to support a carport, home, or large commercial building.  They will offer customers a large variety of colors and options to fit their needs.  The customer orders will be produced within 24 hours or less of the order.  The need for these types of metal products continues to grow and there is no other "local" competition that will be able to produce and deliver the product within a 24 hour period from time of order.
 
Kyfus Metal Sales, LLC specializes in 19 different colors to assist in customizing their customers' long-lasting roofing and siding to add to the building's aesthetics.  Delivery of roofing or siding is provided FREE within 20 mile radius with orders of $500 or more.  
 
Beat the middle-man, buy roofing direct and SAVE!  You'll love our competitive prices because it allows you to buy straight from the supplier! All quotes and estimates are FREE so call or stop in today to see how affordable the durable roofing you need can be.
 
Jadon Stoltzfus will be the day-to-day manager of the business. He will be able to oversee both businesses because they will operate at the same location.  He has prior experience in the metal manufacturing business when he worked for his relatives' metal business in Ohio.  Patrick Kyler will be available when needed.

For more information about Kyfus Metal Sales, LLC and their products visit them on the web atwww.kyfusmetalroofingandsiding.com or give Jadon a call at 717-899-7600.