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Philadelphia Industrial Development Corporation — Business Loans

Philadelphia Industrial Development Corporation (PIDC)PHL-PIDCRefreshed 1 month ago
Do I qualify?
Max funding

$5.0M

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Below-market loans for Philadelphia businesses expanding, relocating, or starting operations, including real estate acquisition, construction, equipment, and working capital for manufacturers and nonprofits.

Key Requirements & Eligibility

  • 1Business must be located in or relocating to Philadelphia
  • 2For-profit businesses and nonprofits eligible depending on program
  • 3Loan amounts: $50,000–$5M depending on project type and job creation
  • 4Interest rates below conventional lending; terms up to 25 years for real estate
  • 5Must create or retain Philadelphia jobs and demonstrate conventional financing gap

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must be located in or relocating to Philadelphia

2.For-profit businesses and nonprofits eligible depending on program

3.Loan amounts: $50,000–$5M depending on project type and job creation

4.Interest rates below conventional lending; terms up to 25 years for real estate

5.Must create or retain Philadelphia jobs and demonstrate conventional financing gap

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