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PA
PIDC Business Loans
Flexible Philadelphia business loans for working capital, equipment, improvements, and growth.
About this program
PIDC provides flexible capital to Philadelphia businesses and nonprofits, including financing for working capital, equipment, leasehold or storefront improvements, energy efficiency, refinancing, soft costs, contract receivables, and state or city grant receivables.
Eligibility
Philadelphia-based businesses and nonprofits, generally established applicants with at least two years of operations and at least $100,000 in annual revenue, subject to PIDC underwriting and use-of-funds requirements.
Requirements
- Submit initial business information through PIDC
- Provide financial documents and use-of-funds information
- Meet underwriting and repayment requirements