Funding Amount

Up to $500,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Project Financing Loan

Funder: Delaware Valley Regional Economic Development Fund (DVREDF)

Geographic Scope: Five-county Philadelphia region (Bucks, Chester, Delaware, Montgomery, and Philadelphia counties), Southeastern Pennsylvania

Purpose: DVREDF's main objective is to provide financing to projects that have measurable economic development and/or job impact.

    Eligible Borrowers

  • Non-profit organizations incorporated as public charities in Pennsylvania
  • For-profit entities
  • Certain public/private partnerships
  • All borrowers must be registered or incorporated in Pennsylvania and doing business in the 5-county area

    Eligible Projects

    Projects and organizations whose missions promote job impact in:
  • Community Development
  • Workforce Development
  • Tourism

    Funding Priorities

    DVREDF gives additional consideration to projects that:
  • Clearly benefit distressed communities in the five-county Philadelphia region
  • Provide economic opportunity to low-income individuals in the region
  • Are from established entities versus start-up enterprises

    Loan Terms

  • Loan Amount: Up to $500,000
  • Repayment Period: 1 to 10 years (5 to 10 years preferred)
  • Interest Rates: Competitive
  • Terms: Flexible

Contact Information

Delaware Valley Regional Economic Development Fund 1500 Market St, 12th Floor East Tower Philadelphia, PA 19102 Phone: 215.246.3487 Email: info@dvredf.org

How to Apply

Loan Pre-Application Process

The pre-application is the first step in the loan application process. Submit the Pre-Application for Project Financing to determine if your request will advance to the full application stage.

#### Pre-Application Form Fields

Organization Information:
1. Organization Name (required)
2. Tax ID Number (required)
3. Address (required)
4. City (required)
5. Zip Code (required)
6. Phone (required)
7. Fax
8. Web Address
9. Contact Person Title (required)
10. Email Address (required)
11. Chief Executive Officer Name (required, if different from contact person)
12. Chief Executive Officer Title
13. Chief Executive Officer Email

Organization History:
14. Brief historical background of the organization (300 characters maximum) (required)
15. Total Revenue from all sources according to most recent audit or financial statement (required)
16. Date of most recent audit or financial statement (required)

Project Information:
17. Project Name (required)
18. Brief Description of project (300 characters maximum) (required)
19. Community: Specific community/communities to benefit from project (required)
20. Project Budget (required)
21. Amount Requested from DVREDF (required)
22. Fit with priorities of DVREDF (200 characters maximum) (required)
23. Preliminary estimate of economic and/or job impact (required)

Additional Information:
24. Other sources of financing for the project
25. Partnering organizations on the project
26. Project Duration in months

#### Review Process
The Pre-Application will be reviewed promptly. Applicants will be contacted to inform them whether or not the request will advance to the full application stage. If approved to advance, access to the full application will be provided.

Focus Areas & Funding Uses

Fields of Work

community-developmentworkforce-developmentpoverty-alleviation

Categories

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