Learn More about CDFI's and Small Business Resources in Pennsylvania see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
American Street Financial Services Center
Beech Capital Venture Corporation
Berean Federal Savings Bank
Borinquen Federal Credit Union
Commonwealth Cornerstone Group
Community First Fund
economic opportunities fund
Enterprise Center Capital Corporation, The
Housing Opportunities, Inc.
Impact Loan Fund, Inc.
Landmarks Community Capital Corporation
Mon Valley Initiatives
Murex Investments, Inc.
National Community Capital Association
New Horizons Community Federal Credit Union
New Life Credit Union
Northside Community Development Fund
Philadelphia Commercial Development Corp
PIDC - Regional Development Corporation
PNC Community Partners, Inc.
Progress Fund, The
Reading"s Future, LLC
Reinvestment Fund, Inc., The
Rising Tide Community Loan Fund
Rural Enterprise Development Corporation
Technical Resources, Inc.
Tri County Community Loan Fund
United Bank of Philadelphia
Universal Capital Investment Fund, Inc.
West Philadelphia Financial Service Institution
Women and Families Facilities Fund
Women"s Opportunities Resource Center
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.