PIDC offers a wide range of resources to for-profit and non-profit businesses and developers, both small and large. Our team is pleased to work with you to find a product to fit your financial needs.
SMALL BUSINESS - PIDC offers an array of financing products to provide small businesses with critical tools for growth. These products include traditional gap loans which, in partnership with banks, can aid with acquisition, construction, and equipment purchases; working capital to support growing businesses including both a term loan option for emerging businesses as well as a line of credit program focused on small, minority, women, and disabled owned businesses to fund outstanding receivables on executed contracts.; and financing for companies that lack access to capital. Find out more in the Loans < pidc-pa.org/financing/loans> tab above. If you would like to speak with someone at PIDC about your small business financing needs, please contact Chamor Hollinger at 215.496.8157 or [email protected].
COMMUNITY INVESTMENT - PIDC works throughout the city to finance key developments, often in neighborhoods most in need. Investing in high-impact projects that could not proceed without financial assistance, PIDC fills that gap by providing capital with flexible features typically not offered in the private sector. These projects create jobs, eliminate blight, energize residents, and build communities. Find out more in the Loans < pidc-pa.org/financing/loans> tab above. If you are an investor interested in joining PIDC to improve the future of Philadelphia communities, please contact Jennifer Crowther at 215.496.8139 or [email protected].
Please explore the links above to learn more about PIDC’s financing products and services.
PIDC initiates loans for all sizes and types of businesses and development projects in Philadelphia. PIDC offers a range of loan and loan guarantee products which can fund building acquisition and renovation, equipment purchases, leasehold improvements, working capital, energy efficiency measures, and bridge financing for public grant programs.
PIDC serves as a conduit for a variety of grant programs funded and awarded at the federal, state or local level of government..
• Tax-Exempt Financing
PIDC manages the Philadelphia Authority for Industrial Development (PAID), which issues tax-exempt financing on a non-recourse basis for eligible non-profit and manufacturing borrowers in Philadelphia.