Resources

Financial Products

Today’s financial world can be complex and confusing for the middle to small size business owner wishing to raise capital to operate in the North Central Philadelphia. If your enterprise is to become successful it will require an experienced community lending institution like NPFP to help you meet the financial challenges that your business will face. All start-up and existing commercial businesses that wish to operate in North Central Philadelphia may qualify for NPFP financial assistance. To encourage growth and new financial partnerships, the following are some of the financial products NPFP offers to eligible commercial businesses that operate or located in the North Central Philadelphia:
	Term Loans- A loan that is paid over a given time period exceeding a year.
	Lines of Credit- A revolving loan used for working capital within a one-year time frame.
	Bridge Loans- Loans ranging from 30 days to one year to help cover the cost of a given project.

 Referral Service

NPFP serves as a referral service for applicants who need help in qualifying for NPFP's financial assistance.

 Eligibility Requirements

• Business plan or project narrative
• Statement of sources and uses of fund
• 3 years actual and/or projected financial statements
• Federal tax returns for business and each principal of business
• Credit report
• Statement of personal history

A CPA should prepare historical statement unless it's a start-up business. Bad credit may not result in a loan denial. NPFP's loan committee review each loan application. The application process is approximately 60 days.