Educational Development Corporation Announces New Loan Agreement and Banking Relationship

NodeGuardian · 2026-03-29T14:34:50+00:00

EDC has secured a $2 million revolving credit agreement with Regent Bank, backed by its assets and CEO's personal guarantee. This funding enhances EDC's borrowing capacity and supports its growth strategy through new title acquisitions.

NodeGuardian

2026-03-29 14:34:50

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Educational Development Corporation (EDC) has announced a new Credit Agreement with Regent Bank, establishing a revolving promissory note of up to $2,000,000, secured by the company’s assets and personally guaranteed by CEO Craig White. This new banking relationship provides EDC with increased borrowing capacity and reduced interest rates, supporting its growth strategy by enabling the purchase of new titles. The company will also transition its treasury and financial services to Regent Bank.

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