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PA
Commercial Real Estate Acquisition Loan Program
Loans and closing-cost grants that help Philadelphia small businesses buy commercial property.
About this program
The Commercial Real Estate Acquisition Loan Program helps small businesses in low- and moderate-income areas buy commercial property on eligible corridors through mortgage loans and closing-cost grant support administered with the Women's Opportunities Resource Center.
Eligibility
Small business owners with low or moderate income or businesses located in low- or moderate-income communities, with a credit score of at least 550, City registration and licensing, and current City taxes or an approved tax payment process.
Requirements
- Submit the CREAL interest form
- Provide two years of financial statements and tax returns
- Provide a business plan and zoning information for the property