CAPITAL YOU NEED TO GROW
PIDC delivers the flexible capital that businesses and nonprofits need to succeed and grow in Philadelphia. We offer traditional term loans and affordable contract receivables financing to help businesses of all sizes meet their operational goals.
PIDC can often help fill critical funding gaps, including partnering with commercial banks or subordinating to senior lenders. Even if you’ve been turned down by a traditional lender, we encourage you to contact us. To understand your business beyond the numbers, PIDC takes a holistic approach to help you access the capital your business needs to thrive while supporting you to build capacity with knowledge and resources.
CONNECT WITH US
PIDC has financing resources to serve the unique needs of businesses, nonprofits, and real estate developers, including those that are BIPOC (Black, Indigenous, and people of color)-, women-, veteran-, immigrant-, disabled-, and LGBTQ+ owned and operated.
Find out how we can connect you to the capital or information you need to grow.
WHO WE SERVE
PIDC lends to businesses and nonprofit organizations of all sizes and industry sectors located in, or planning to locate to, the City of Philadelphia. Generally, applicants will need at least two years of operations and annual revenues of at least $100,000 to be a good fit.
Our working capital can be used for a variety of business needs, including commercial, industrial, retail, hospitality, and construction.
PIDC has financing resources to serve the unique needs of businesses, nonprofits and real estate developers, including those that are BIPOC (Black, Indigenous, and people of color)-, women-, veteran-, immigrant-, disabled-, and LGBTQ+ owned and operated.Learn More
WHAT WE FUND
PIDC’S loans can fund:
- Working capital, including payroll, rent, utilities, and other general operating expenses
- New and used equipment purchases and installations
- Leasehold or storefront improvements
- Energy efficiency improvements
- High-interest debt refinancing
- Soft costs, such as legal, accounting, engineering, architectural fees, permits, appraisals, and other related expenditures
- Contract receivables from the City of Philadelphia, pre-approved institutions, and general contractors
- State and City grant receivables
In addition to our typical lending products, PIDC has creative financing tools including New Markets Tax Credits for budgets starting at $2 million.
HOW WE WORK
The first step in the PIDC lending process is to submit an inquiry to PIDC online.
You will provide initial information about your business or nonprofit organization through our website, and a member of our team will contact you directly to discuss your loan request.
If there is a good fit with PIDC’s loans, you will complete a full application and proceed through a thorough but flexible underwriting and due diligence process. The PIDC team will work with you and answer your questions in each step of the process. PIDC can be your primary lender or work in partnership with a commercial bank or other lender to meet your financing needs
If at any point in the process PIDC is not the right match for your request, our team will direct you to specialized business support services or partner lenders that may be able to support you with access to capital.
CONNECT WITH US
PIDC invests flexible, affordable capital in growing companies because we know that local businesses create jobs, build wealth for entrepreneurs, and support neighborhood growth. Let us help your business grow