Pidc Community Capital

See schedule osupporting growing businesses:pidc cc invests flexible, affordable capital in growing localbusinesses the backbone of our economy because they create jobs,build wealth for entrepreneurs and stabilize neighborhoods. Through avariety of funding resources, educational programs, and one-on-onetechnical support, pidc fills critical gaps for business owners andnonprofit leaders who lack access to traditional capital. In addition,pidc cc supports developers producing transformative projects that havea positive, lasting impact across the city providing jobs, services,and amenities. Pidc cc's loan portfolio comprises the following loanproducts: (1) working capital and equipment loans: designed to supportsmall and midsize businesses and nonprofits that need term financingfor working capital, equipment, or leasehold improvements. (2) capitalproject loans: support businesses and nonprofits undertaking capitalprojects such as building acquisition, renovation, leaseholdimprovements, or equipment that need additional financing to completethe project. (3) contract lines of credit: support small, minority,women and disabled owned businesses that need lines of credit to fundcontract related working capital. (4) neighborhood development loans:provide affordable financing to fill funding gaps for developers ofmixed-use, commercial, and industrial projects located throughoutphiladelphia's neighborhoods. This product targets small-scaledevelopers that are completing development projects, which generally have project costs under $5 million. (5) commercial mortgage loans:provides support to small businesses and nonprofits that need financingto purchase buildings that they either currently occupy or intend torelocate. The commercial mortgage loan product is targeted to smallbusinesses owned by minorities, women, immigrants, veterans, or otherdisadvantaged populations, as well as nonprofits and businesses locatedin low-income communities.in 2024, pidc originated $72.4 million in new loans to 69 small andmid-sized businesses, nonprofits, and developers of all sizes through projects in neighborhoods in philadelphia. Of the new loans, $56.6 million was invested as leverage towards total project costs and $17.6 million was invested in women-owned businesses. 85% of all pidc core lending went to diverse/minoritybusiness enterprises.pidc cc provides financing solution for small businesses and nonprofitsseeking to purchase new or existing real estate to build wealth, limitdisplacement, and support long-term growth in philadelphia. Past your bedtime childcare center is a keystone stars level 4 childcare provider serving the families of overbrook farms with reliable, safe, and nuturing care for vulnerable children. Pidc supported the business with a commercial mortgage loan to help them acquire the building the daycare is located in, ensuring that this long standing business providing valuable services to the community avoids displacement. Pidc cc also provides affordable working capital for small-, minority-,women-, and disabled-owned businesses seeking a line of credit to fundcontract-related working capital, including labor, materials, andequipment costs.in 2024, we continued our business support services educationalworkshops, one-on-one counseling, credit repair, and networking eventsdesigned to support business growth and connect philadelphia's smallbusiness community to trusted knowledge and resources via workshops.pidc business builder workshops are year-round workshops which providecritical business education to entrepreneurs and organizations fromevery industry. Pidc hosted 29 workshops with more than 700 hoursdedicated to coaching and consulting support for pidc clients. Topics included debt management, project oversight, buying and financing commercial real estate, federal government contracting, and business education and mentoring programs.of the hosted workshops, eleven (11) were held in spanish whereby pidccontinued a series of spanish-language workshops, as started in 2022,as a part of pidc's strategy to better serve spanish-speakingentrepreneurs, one of the fastest growing business groups inphiladelphia. The series is part of pidc's business builder workshops.topics in the series included mental health, building credit, cityresources, buying and financing commercial real estate, leadership, and more.

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