The Philadelphia Business Lending Network (PBLN) helps business owners express interest in loan financing. Using one form and at no cost, you can tell a group of more than 35 lenders that you're interested in applying for a loan.

The network is made up of nonprofit and for-profit lenders that review each completed interest form. To be considered, you must have a small business in Philadelphia or have plans to move or expand to the city.

Equity incentive grants

The Department of Commerce will consider certain businesses for a grant of up to 50% of each approved loan amount, or a maximum of $35,000. The grant is attached directly to your loan agreement.

To be considered for a grant, you need to be a Philadelphia resident and your business must meet certain requirements:

• Be located in Philadelphia.
• Earn an annual maximum revenue of $350,000.
• Be a micro-enterprise, employing five or fewer employees (including the business owner.)
• Be up-to-date on City taxes or have an approved tax payment agreement.
• Be registered and licensed with the City of Philadelphia.