The Fund offers loans for:
Applications for facility loans are open and accepted on a rolling basis, see below for details! (Inquiries for bridge loans will be accepted each August).
Bridge Loans
Deadline to submit Loan Inquiry has passed. We are able to process a limited number of loans each fall. Loans are reviewed on a first come basis.
Providers accepted for PHLpreK for FY25 may apply for short-term bridge loans to help sustain cash flow through the fall. The general maximum loan size for the Phila ECE Loan Fund is $50,000*. Providers may apply for a loan equal to up to 2.5 months of their PHLpreK contract. Loan repayments will align with the first five PHLpreK reimbursements. The loan must be fully repaid by April 1.
*Providers with PHLpreK awards of 20+ seats may apply for a larger loan but owners(s) must additionally complete a credit check, share personal tax returns, serve as a personal guarantor, and share a signed PHLpreK Contract for loan closing. Closing cannot be scheduled for loan requests over $50,000 until PHLPreK contracts are signed.
Application Process:
Facility Improvement Loan
If you are interested in a loan for facility improvements, please complete a Contact Sheet and provide information about your proposed project. Please email the completed form to karen.bustard@reinvestment.com.