| We often get asked “What was the single most important thing you did that made your Trail Town Program® successful?” The answer is always the same, that we have money and the willingness to make loans to new and expanding trail-related businesses. And, we are as flexible as possible when we make those critical loans. We adjust to less than ideal collateral, we understand the seasonality of these businesses, and we have years of experience with past clients that gives us the knowledge to take risks that banks won’t take. If you want to hear more about our approach and from other tourism lenders from across Pennsylvania, then you should listen to the FDIC’s upcoming “Improving Access to Capital for Rural Regional Tourism and Hospitality Businesses in Pennsylvania on Tuesday, March 22nd at 1 pm. This free online event will feature perspectives, strategies and stories from CDFIs including Rising Tide, Metro Action, The Progress Fund and the York County Economic Alliance along with Genevieve Chow from the Office of the Comptroller of the Currency will also discuss how supporting these efforts would be regarded for CRA consideration, and Craig Petrasic of PA DCED will describe the First Industries Loan Guarantee Program. Learn about how the tourism and hospitality sector has grown in our state since COVID effected leisure travel decisions and continues to do so. Audience questions will be welcomed throughout the event. Join us on Tuesday, March 22nd at 1 pm and let’s all work together to help rural Pennsylvania take advantage of this growing economic opportunity. |
