June 6, 2013
A few months ago PIDC announced it was a partner of the Goldman Sachs 10,000 Small Businesses in Philadelphia. Goldman Sachs 10,000 Small Businesses is a $500 million initiative designed to help small businesses create jobs and economic growth by providing entrepreneurs with access to capital, a practical business education, and business support services. Applicants must demonstrate a commitment to growing their business and creating jobs within their community.
PIDC’s 10,000 Small Business Loan Fund is generally available to any small business or nonprofit located, or planning to locate in Philadelphia. Applications will be accepted on a rolling basis based on a few criteria:
- · Have at least four employees
- · Have revenues between $150,000 and $4 million
- · Have been in operation for at least two years
- · Are located or plan to locate in the City of Philadelphia
In addition to financing, 10,000 Small Businesses also has an educational component for small business owners. Goldman Sachs 10,000 Small Businesses at Community College of Philadelphia is a practical business education program that gives entrepreneurs valuable skills for growing their businesses, the opportunity to access financial capital, powerful networking opportunities and more, at absolutely no cost to participants.
The first group of applicants accepted into the education program began classes on May 31st. The deadline for the next round of applications to apply for the educational program offered at Community College of Philadelphia is July 22nd. Classes for the program will begin September 27, 2013 and include 100 hours of instruction in addition to evening sessions such as networking events, legal and financial clinics and other business assistance activities. Applications for the education component of the program are being accepted until the July 22nd deadline and can be downloaded at www.ccp.edu/10KSB. Please act fast to be considered for this valuable opportunity.
Over the next few months PIDC along with our partner organizations will be hosting several workshops and events for the Goldman Sachs 10,000 Small Business Initiative to provide business support services to clients.
GOLDMAN SACHS 10,000 Small Businesses Initiative – Information Session
Tuesday, June 11, 2013 (2 repeat sessions)
10-11:30 a.m. or 3-4:30 p.m.
1500 Market Street
Suite 2600 West
Philadelphia, PA 19102
Learn about this nationwide initiative and how it is transforming the growth of small businesses across the country. You will get the details about the 11-week business education training curriculum (the mini-MBA), business support services, and access to capital loan fund. You must register to attend.
Thursday, June 27, 2013
4:00 PM – 6:00 PM
Learn what PIDC and most lenders are requiring, the documents they review, and the standards that are applied in consideration of your loan request. This workshop will help small business owners plan their company projects and how to present their financing request to improve their chances to get the “yes” on a loan approval. You must register to attend.
Thursday, June 27
12 – 2 p.m.
Urban League of Philadelphia
121 S. Broad Street
Philadelphia, PA 19107
Workshop to help businesses who are just starting the 10,000 Small Businesses application and those who need help finishing. Consultants from the Urban League will answer questions and walk businesses through the application process. Lunch will be served. RSVP with Tiffany Belton at 215-985-3220 ext. 237 or .