InStore Forgivable Loan Program
Helping businesses buy equipment and make interior improvements.
What we do
The InStore Forgivable Loan Program helps existing businesses expand and new businesses become established on targeted commercial corridors. Retail, food, and creative arts businesses are eligible for the program.
InStore approves a limited number of projects each year for forgivable loans.
Loan details
- $15,000 to $50,000
- No payments, no interest
- Forgiven after five years
If the business remains open and operating at the location for five years, the loan is forgiven and the business pays nothing.
The InStore Forgivable Loan Program is a program of the Department of Commerce.
Connect
| Address |
InStore Forgivable Loan Program
1515 Arch St., 12th floor Philadelphia, PA 19102 |
|---|---|
|
instore |
|
|
Phone:
(215) 683-2123
|
Process and eligibility
What kind of businesses can apply?
- Retail
- Food
- Creative arts
Businesses must be located on an eligible commercial corridor
A list of eligible corridors can be found on page seven of the application. If you have questions about your project's eligibility, contact instore@phila.gov.