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AllCDFILoanOpen
Economic Opportunities Fund
Economic Opportunities Fund
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓For women and minority entrepreneurs
✓Supports aspiring and existing business owners
✓Based in Philadelphia, PA
✓Loans and grants available
Your real odds
No public acceptance rate exists, but $12.8M disbursed over 30 years points to steady, selective volume.
WORC is a CDFI, so it serves borrowers who don't qualify for traditional bank financing, and it offers readiness assessments before loans, which signals that a meaningful share of applicants aren't approved on the first approach.
What it takes
Complete a Readiness Assessment1 to 2 hrs
Prepare business plan and financial documentsDays to week
Submit loan application through WORC1 to 2 hrs
Worth knowing
WORC pairs loans with HUB entrepreneurship programs and mentorship, and engaging with those programs before you apply builds both your readiness and your relationship with the people making the lending decision.
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