Contact West Philadelphia Financial Services Institution
- Address
- 5200 Warren Street Philadelphia, PA 19131
- Phone
- 215-452-0100
- [email protected]
Where they lend
West Philadelphia Financial Services Institution is an SBA-approved microloan intermediary serving Pennsylvania.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like West Philadelphia Financial Services Institution, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
West Philadelphia Financial Services Institution will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
Other microloan lenders in Pennsylvania
- Ascendus Inc.
- Assets Lancaster
- Bridgeway Capital
- Community First Fund
- Cooperative Business Assistance Corporation
- Enterprise Center Capital Corporation
- Johnstown Area Regional Industries, Inc.
- Neighborhood Community Development Fund
- Pursuit
- The UCEDC
- Washington County Council on Economic Development
- Women’s Opportunities Resource Center
