Back to list July 23, 2012 Press Release: New Cumberland County Loan CARLISLE, PA (July 20, 2012) – Cumberland County Economic Development (CCED) will assist with the opening of a new facility for Cumberland Orthopedics and Spine, Inc. through the Cumberland Small Business Fund (CSBF) and SBA 504 program. Cumberland Orthopedics & Spine Inc., established in 2002 by Jose A. Dominguez, is a growing physical therapy center with four locations already located in Cumberland County. Dominguez recognized a growing need for more space for his patients after completing their physical therapy in order to continue to improve their condition. The company provides treatment to patients with orthopedic injuries, post-surgical rehabilitation, sport rehabilitation and other related injuries. The center also runs a Wellness Program which is designed for adults looking to improve their quality of life by regaining, preserving or improving their physical health. In addition, they offer a Sports Performance program designed to improve athletic performance of athletes including team or group training sessions. Their staff includes twelve licensed and experienced physical therapists. The new facility will be located on the Carlisle Pike in Mechanicsburg next to the Babies R Us and Best Buy. The loan for the new space will be done in partnership by Metro Bank, CCED, and Altoona-Blair as an SBA 504. CCED will also finance the equipment purchase of this loan to facilitate the process and to ensure Dominquez has the resources he needs to succeed through the Cumberland Small Business Fund (CSBF). The total project is $1.5 million with the CSBF contributing $62,500. Dominguez was grateful for alternative financing options saying, “the financing process was very smooth. Programs like these are important because without this kind of assistance, it would have been difficult to do the real estate and equipment purchases needed to open the new center.” CCED Director, Jonathan Bowser, said “these types of project prove that the economy is not as bad as what people read or hear about. There are several great projects throughout Cumberland County where companies are looking to expand through the acquisition of real estate, the purchase of equipment, or relocate here due to our diverse demographics and accessibility to interstate highways. CCED has been a continued partner with lending institutions to assist borrowers in providing alternative financing structures to make projects happen”. CSBF is a Cumberland County administered loan program that offers low-cost financing to businesses located in Cumberland County. CCED looks to lend out these funds to businesses looking to expand, purchase equipment, acquisitions, and working capital. To check for eligibility and for further information regarding Cumberland Small Business Fund and other financing programs available through CCED, visit our website at www.cumberlandbusiness.com or contact Zylo Smedley at 717.240.7183 or at [email protected]. The mission of CCED is to be a catalyst for job creation; entrepreneurship; business attraction, retention, and expansion on behalf of the citizens of Cumberland County and South Central Pennsylvania.
