• Grow Philadelphia Fund
• Strategic Growth Loan Fund
• Healthy Urban Foods Fund
• Loan Packaging
• Third Party Transactions
• Application

Grow Philadelphia Fund

Daryl Thomas Owner of Philly Cuts Unisex Salon TEC-CC's Grow Philadelphia Fund provided a micro-loan for my company that afforded us the working capital necessary continue renovations to our new location at 4321 Chestnut Street in West Philadelphia.

What Is The Philadelphia Fund?

The Grow Philadelphia Fund is for small businesses located in the City of Philadelphia who need money to expand, renovate, invest in new technology or upgrade equipment. The minimum loan size is $1,000 and the maximum loan size is $50,000.

Who Can Apply?

Any of the following businesses located in the City of Philadelphia:
* Minority-Owned-Businesses
* Women-Owned-Businesses
* Low-to-Moderate Income (HUD Guidelines) Earners
* Businesses located/locating in a economically distressed area
* Credit challenged individuals

How Can The Money Be Used?

Loans may be used for purchasing or installing machinery,
equipment and technology, purchasing inventory, furniture and fixtures,
and other specifically identified working capital needs.

What Are The Terms and Interest Rates?

The loan term for the machinery and equipment loans are up to 6 years
The loan term for working capital loans are up to 5 years
The interest rate is 7%