Join Arthur Gimenez, Director of Business Development at PIDC to learn how you can apply for the Rebuild Contract Line of Credit (“Rebuild CLOC”)!
The Rebuild Contract Line of Credit (“Rebuild CLOC”) provides support to small, minority, women, and disabled owned businesses that need working capital to fund contract-related expenses. To qualify, contracts must be for a Rebuild Project and be assignable to PIDC. The business must also be located or plan to locate in the city of Philadelphia.
Use of funds is restricted to labor, materials, and equipment costs directly associated with the contract being financed.
Borrowers may be required to participate in technical assistance programs sponsored by PIDC or other approved
providers designed to support their business growth. Financing is an advance on approved contract receivables with an opportunity to access grant dollars for mobilization needs.
For more information visit PIDCphila.com or contact PIDC at 215-496-8020 or email@example.com.