Broad Street Brief: City Council in Final Stretch of FY24 Budget Negotiations; What Philadelphia’s Waning Voter Participation Means for Democrats on a National Level
The Enterprise Center Introduces $500,000 Loan Pool to Help Small Business Owners Buy Property
Last week, the Enterprise Center, a Philadelphia-based nonprofit organization that helps promote small business development, introduced a new $500,000 revolving loan pool to help minority-owned companies buy property. The loan program is intended to not only increase ownership along commercial corridors but also help small businesses build equity as opposed to renting space indefinitely. The short-term loans will cover up to 75% of business expenses related to due diligence, including attorney fees, closing costs, building appraisals, and more.