Financing and Fees

The terms of an EnergyWorks loan depend on the specifics of each project and will be negotiated by The Reinvestment Fund (TRF), the Philadelphia Industrial Development Corporation (PIDC) and the borrower, but the general loan features are:

Loan Amount: $100,000 to $2.5 million
Interest Rate: As low as 3.5%
Loan Term: 7 years or as negotiated with the applicant
Collateral: Security for loans will be negotiated on a case-by-case basis
Legal Fees: Typically range from approximately $2,000 - $3,000, and are due upon settlement
Origination Fee: 1.5% of the financing amount provided, payable upon settlement

 

 

 

 

 

 

Fees are subject to change. Please confirm all transaction fees with PIDC/TRF prior to application.

Download the Initial Financing Request form.

View application instructions and other important information.

Learn more about the process and apply.