Local Funding

Business Funding in Philadelphia, PA

Philadelphia has about 100,000 small businesses and an economy shaped by healthcare, education, and professional services. The city's "eds and meds" corridor, anchored by Penn Medicine, Jefferson Health, and Temple University Hospital, makes healthcare one of the largest employers. Manufacturing has declined but still accounts for thousands of firms in the metro, particularly in food processing and specialty chemicals. Philadelphia's commercial corridors vary dramatically in health. Center City and University City are thriving, while many North and West Philadelphia corridors still struggle with vacancy rates above 20%.

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100,000+

Small Businesses

$490 Billion

Metro GDP

300,000+

Healthcare Employment

Top Industries

Key Industries Seeking Funding in Philadelphia

Medical Practices
Restaurants
Law Firms
Accounting Firms
Commercial Cleaning Companies

Local Insights

Funding Landscape in Philadelphia

The Philadelphia SBA District Office covers eastern Pennsylvania and processes a high volume of both 7(a) and 504 loans

The Philadelphia Industrial Development Corporation (PIDC) offers direct loans and grants to small businesses, particularly for real estate and equipment

CDFIs like The Enterprise Center and Finanta serve neighborhoods with limited bank access on the north and west sides of the city

Pennsylvania's Neighborhood Assistance Program offers tax credits to businesses that invest in distressed communities, which covers large parts of the city

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