Women’s Opportunity Resource Center
Women’s Opportunity Resource Center is an active SBA lender in the United States, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 23 Google reviews.
About Women’s Opportunity Resource Center
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.
Common questions about Women’s Opportunity Resource Center
What is this place and what can I find here?
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.
Do I need an appointment or can I walk in?
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.
What are the hours of operation?
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.
Is there a fee to use this?
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.
Who is this open to — anyone, or only residents/members?
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.
What minimum personal credit score does this bank look for in a guarantor?
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.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Women’s Opportunity Resource Center typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Women’s Opportunity Resource Center to confirm current weekend availability before you go.
How do I get there and where do I park?
Women’s Opportunity Resource Center is located at the address listed on this page — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Women’s Opportunity Resource Center, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Women’s Opportunity Resource Center itself, which runs its own lending under its own ownership. If you work at Women’s Opportunity Resource Center, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Women’s Opportunity Resource Center — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Women’s Opportunity Resource Center before applying. If you represent Women’s Opportunity Resource Center, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Women's Opportunity Resource Center by phone at (215) 564-5500, email info@worc-pa.com, or visit worc-pa.com. Confirm current contact details directly with the center for SBA lending inquiries.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Women’s Opportunity Resource Center can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Women’s Opportunity Resource Center directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Women’s Opportunity Resource Center participates in SBA Express depends on its specific SBA lending authority. Contact Women’s Opportunity Resource Center and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Women’s Opportunity Resource Center can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Women’s Opportunity Resource Center's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Women’s Opportunity Resource Center directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Women’s Opportunity Resource Center what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Women’s Opportunity Resource Center to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Women’s Opportunity Resource Center to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Women’s Opportunity Resource Center weighs this case by case under its own policy, so be upfront about your history and ask Women’s Opportunity Resource Center how it evaluates prior bankruptcies.