Call Us

570.457.6726

Ray’s Shursave Markets

Outside of building
Business Name: Ray’s Shursave Supermarkets
Physical Address: 431 Lawrence Street, Old Forge, PA 18518
Website: http://www.raysshursave.com/
Industry: Supermarket
Loan Program applied for: SBA 504
Year of Completion: 2014

Northeastern Economic Development Company (NEDCO) was pleased to pair up with First National Community Bank in Dunmore, PA in 2014 with securing a loan for Ray’s Shursave Markets for the acquisition of their Old Forge location (former Rossi’s Market). Ray’s Shursave Markets began in 1979 and is a family-owned and operated grocery chain that currently operates four supermarkets throughout northeastern Pennsylvania. At all of Ray’s 4 locations you can find a bakery, a deli, catering options, custom party platters, and fresh and ready-made dinners. In addition, Ray’s Markets also makes it convenient for its customers to be able to purchase restaurant and chain gift cards, Ray’s gift certificates, PA lottery tickets, and money orders.

Motel 6

Motel 6 Wilkes-Barre, PA
Business Name: Hotel Squared, LLC – Motel 6
Physical Address: 884 Schechter Dr, Wilkes-Barre, PA 18702
Industry: Lodging
Loan Program applied for: SBA 504
Year of Completion: 2014

Northeastern Economic Development Company (NEDCO) was pleased to announce the completion of a 2013 Small Business Administration (SBA) funding for a new hotel in Wilkes-Barre, PA.  NEDCO joined First National Community Bank in securing funds to enable Hotel Squared, LLC to construct a 78-room Motel 6. With this great location on Schechter Drive in Wilkes-Barre, right off Interstate 81 and the Exit 168 interchange, Motel 6 is in the perfect location to surrounding shopping plazas, chain restaurants, and the Mohegan Sun Arena. This Motel 6 features interior corridors, bus parking, coin laundry machines, elevator, free Wi-Fi, and allowance of pets. 

R.C. Moore

R.C. Moore

Business Name: R.C. Moore
Physical Address: 301 Oak Street, Pittston, PA 18640
Website: http://rcmoore.com/rcm/
Industry: Trucking/Warehousing/Brokerage
Loan Program applied for: SBA 504
Year of Completion: 2014

Northeastern Economic Development Company (NEDCO) was pleased to have partnered with People’s United Bank headquartered in Bridgeport, CT for granting an SBA 504 loan to R.C. Moore of Pittston, PA. R.C. Moore is an interstate motor carrier headquartered in Scarborough, Maine. R.C. Moore purchased a 289,277 square foot building that is being utilized as a truck terminal and warehouse facility for its various business processes in the region. This facility will allow R.C. Moore to provide better and faster services to their customers located throughout the United States.

Kinsley’s ShopRite

Kinsley's ShopRite

Business Name: Kinsley’s ShopRite
Physical Address: 107 Kinsley Drive, Brodheadsville, PA 18322
Website: http://www.shoprite.com/pd/stores/PA/Brodheadsville/ShopRite-of-Brodheadsville/10BC78912
Industry: Grocery
Loan Program applied for: SBA 504
Year of Completion: 2013

Northeastern Economic Development Company (NEDCO) was pleased to announce the completion, as of July 2013, of Small Business Administration (SBA) funding for their largest project to date.  In 2011, NEDCO partnered with Wayne Bank and several other local lenders to complete the relocation and expansion of the ShopRite of Brodsheadsville.  The project combined traditional bank financing and SBA 504 funds to construct the 95,000-square-foot shopping center. The new location now boasts the largest ShopRite location in the world.  In addition to the expansion, the project saw the creation of nearly 200 jobs, with the location now employing nearly 450 local employees.

Freckles & Frills

Freckles-Frills
Business Name: Freckles & Frills
Physical Address: 515 Fig Street, Scranton Pa.
Website: frecklesnfrills.com
Industry: Child Care/Education
Loan Program applied for: SBA 504 & 7(a)
Year of Completion: 2013
Northeastern Economic Development Company (NEDCO) was pleased to have partnered with Fidelity Deposit Discount Bank in granting an SBA 504 loan to Freckles and Frills Learning Center of Scranton, Pennsylvania.  In 2011, the funds were put to work on the expansion and development of their facility.  With the help of the SBA and NEDCO, Freckles and Frills was able to secure the credit necessary for the purchase of an additional building and remodeling costs under the direction of Elizabeth Keiper.  The project was completed in September of 2013 and has been a tremendous success for our community.

Posh Life, LLC

Posh Life, LLC
Business Name: Posh Life, LLC
Physical Address: 401 -403 Jefferson Avenue, Scranton Pa. 18510
Website: thecolonnade401.com
Industry: Food Service / Lodging
Loan Program applied for: SBA 504
Year of Completion: 2009

In 2009, Northeastern Economic Development Company (NEDCO) was pleased to have partnered with Community Bank & Trust in granting an SBA 504 loan to Posh Life, LLC. This project included the renovation and new construction of an existing private residence in Scranton, PA into an event space and boutique hotel called The Colonnade. Owners, Paul Blackledge and Joshua Mast, have created Posh Life, LLC as an outlet for their creative talents, which include but are not limited to catering, decorating, and special event planning.