Impact Loan Fund, Inc.

1952 East Allegheny Avenue
Philadelphia PA, 19134-3122


Impact Loan Fund (ILF) is a start-up financing entity that is affiliated with the Impact Services Corporation, a 25-year-old community development corporation promoting small business development in north Philadelphia. ILF intends to provide financing to area businesses for equipment or property acquisition and/or facility repair or maintenance. The loans will ideally help strengthen the companies so that they can create jobs and ultimately graduate to conventional financing.

CDFI Awards for Impact Loan Fund, Inc.


FA (2006) - $150,000

Impact Loan Fund, LLC (ILF) is a certified CDFI established in 1999. ILF provides micro-enterprise and small business loans to a qualified Investment Area of Philadelphia, PA. ILF will use the $100,000 Financial Assistance Award to increase loan activity and, as a result, create or retain jobs in the region. In addition, ILF will use a $50,000 Techincial Assistance Award to obtain loan management software, and to support the salary cost of a full-time executive director.



SECA (2000) - $50,000

The Fund"s $50,000 technical assistance award will pay for the development of loan policies and procedures, an accounting system, and a capitalization strategy; a market analysis; and training of staff members in small business financing.



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