Areas Served: Philadelphia
Phase 1 (loans of $1,500 to $2,500)
¢ Interest Rate: 7%
¢ Term up to one calendar years and/or 12 months Borrower Requirements:
¢ Current Credit Report (Lending decision is not based solely on credit report; however a credit repair workshop will either be recommended or required)
¢ Business Plan
¢ Tax returns for last 2 years
¢ One Business and One Personal letter of recommendation After completely servicing Phase 1 or 6 months of successful debt service, individuals are eligible to participate in Phase 2. Phase 2 (loans of $10,000 to $50,000)
¢ Interest Rate: 7%
¢ Term of 3 to 5 years Borrower Requirements:
¢ Current Credit Report
¢ Business Plan
¢ Both Personal and Business Tax returns for last 3 years
¢ One Business and One Personal letter of recommendation
¢ Collateral (i.e. hard asset, real estate)
Contact InformationThe Enterprise Center Capital Corporation
Address: 4548 Market Street
City: Philadelphia
State: Pennsylvania
Website:
http://www.theenterprisecentercapital.com/ServStra-2208.html
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