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.
Success Stories
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I highly recommend the Enterprise Center and MBDA to diverse founders who are seeking capital to scale their businesses.
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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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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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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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Working with the MBE Equity Multiplier team has been life changing. I cannot recommend this service more - I'm still mind blown by how much better our pitch has become.
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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 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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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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Success Stories
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When I discovered the MBE Equity Multiplier, I knew it was the missing component that would help make my vision clear. This process has equipped me and given me the confidence to push my vision forward to make it a reality.
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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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When they’re given easy opportunities to serve, our citizens really step up.
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