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Women’s Opportunity Resource Center

Women’s Opportunity Resource Center
Women’s Opportunity Resource Center

Description

The Women’s Opportunity Resource Center offers financial services tailored to support small businesses and entrepreneurs. They provide SBA loan programs including the 7(a) loan, which is ideal for working capital, equipment, and expansion needs. Located in Philadelphia, this institution is committed to empowering women and underserved communities by facilitating access to capital and fostering economic growth. Their team specializes in guiding clients through the loan application process, ensuring clarity and support every step of the way. With a focus on community development, they also offer resources for startup businesses and those seeking microloans, making it easier for entrepreneurs to turn their ideas into reality. The center’s experienced staff understands the unique challenges faced by women entrepreneurs and works diligently to provide customized financial solutions. Whether you’re looking for a small business loan or seeking advice on funding options, they are dedicated to helping you succeed. Their services extend beyond loans, including business development and training programs designed to strengthen local businesses and promote economic empowerment. They are a trusted partner for small business owners in Philadelphia and the surrounding areas, committed to fostering sustainable growth and community prosperity.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
23
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loans and microfinancing options tailored to small businesses, especially those led by women. You can find assistance with loan applications, business development resources, and community support programs designed to empower entrepreneurs and foster economic growth in the Philadelphia area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Contact the center in advance to confirm the best way to meet your needs.
Question 3
What are the hours of operation?
Answer 3
The center typically operates during regular business hours, from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to call ahead to confirm specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access consultation services or initial guidance. However, loan products and financial services may involve fees and interest, which will be disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The services are primarily open to small business owners and entrepreneurs within the Philadelphia region, with a focus on supporting women and underserved communities. Membership or residency in the area is not strictly required but is encouraged for community-based programs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, though the exact requirement can vary based on the loan type and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation.
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