Lending Program
Offers a variety of loans: A)Credit Builder Loan up to $2,500 B) Direct Loan $1,000 to $2,500 C) Small Business Loan up to $10,000; Credit Line up to $20,000; Expansion Loan up to $50,000; and Real Estate Loan for Business Property up to $350,000. Agency is certified as an SBA pre-qualification and Low Doc agency. The process results in a pre-approval letter from the SBA if approved. WORC will complete the loan packaging and work with the applicant to present it to area banks for funding.
Related Services
Physical Address
2010 Chestnut Street, Philadelphia, PA 19103
Hours
Monday through Friday, 9:00am to 6:00pm
Voice
Voice
Application process
Visit website for more information.
Fee
Applicants typically pay 2% of the loan amount as a loan origination fee, as well as any other applicable fees such as collateral and deed filing.
Eligibility
Serves minorities, women, veterans and individuals with disabilities in Bucks, Chester, Delaware, Montgomery and Philadelphia County. Income guidelines apply ; call for details.
Service area
Bucks, PA Delaware, PA Montgomery, PA Philadelphia, PA
Agency info
Womens Opportunities Resource Center
Provides access to capital for low-income and underserved populations in the Philadelphia metropolitan area with a specific emphasis on serving women and minorities who lack access to capital and credit.