The Plenary Fund
A revolving loan fund in partnership with The Enterprise Center.
The Enterprise Center Capital Corporation (TEC Capital) and Plenary Infrastructure Philadelphia (PIP) are proud to announce a new loan program specifically designed for local, community-based food and concession businesses.
TERMS
- 1% interest rate
- Repayment term up to 12 months
- No-pre-payment penalty
- No minimum credit score
- 3% origination fee
ELIGIBILITY
- Annual revenue less than $5 million
- Under 50 employees
- Must operate within the City of Philadelphia, Priority given to West Philadelphia enterprises
USE OF FUNDS
- Working capital
- Equipment
- Inventory
- Food Stall Build-Out Plan
- Compliance & Permitting
- Construction
LOAN AMOUNT : REPAYMENT TERM
$10k or less : 6 mo. or less
$10,001 - 20k : 6 - 9 months
$20,001 - 40k : up to 12 mo.
Click here to submit an inquiry form
If you have any questions or require any additional information, contact us at capital@theenterprisecenter.com or call at 215-895-4000.
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Success Stories
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The CCE has been a helpful place to get questions answered when dealing with the city, how to create recipes, so we can be more consistent, create a budget, and best of all having other ‘foodprenueurs’ to meet and gain ideas and support in their endeavors.
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Success Stories
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The Enterprise Center’s Dorrance H. Hamilton Center for Culinary Enterprises (CCE),is a great community to be a part of.
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Success Stories
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When they’re given easy opportunities to serve, our citizens really step up.
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Success Stories
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When we first started with The Enterprise Center Capital Corporation, we had maybe 6 or 7 accounts, and we've doubled that now. The Enterprise Center Capital Corporation has been very helpful funding my larger jobs and assisting me with maintaining payroll and buying equipment.
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Success Stories
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The $14,000 working capital funding will be used to formalize registration as a home care provider and hire initial staff.
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Success Stories
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I hope that when it all opens up that everybody goes out and supports our small businesses.
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Success Stories
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Remaining competitive in the current marketplace often requires access to capital at key moments in our business.
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Success Stories
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As my business moves to the next level, leadership training, and management support that the Enterprise Center provides are keys to achieving greater sales and more contracts.
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