Thank you for your interest in the Landlord Working Capital Loan Program.

The City of Philadelphia and Impact Loan Fund have loan funds available to assist landlords who have been impacted by tenant unemployment and business shutdowns from COVID-19.  In the current environment, with an eviction moratorium and high rates of disruption for renters,  the loan program will provide working capital to landlords who are having challenges covering their expenses. This program is targeted to landlords who own 30 or fewer rental units that are leased at affordable rates.

Applications are NOT first come first served.  Applications are reviewed weekly.  Applications are accepted until further notice. If necessary, applications will be prioritized to assist the most landlords and the lowest income neighborhoods.
Terms of the Loan:
  • Loans up to $15,000
  • No payments are due for the first 9 months
  • Loans are then repaid over a 60-month period
  • Closing costs are $150
  • Fixed interest rate is 4%
  • Loans are unsecured
  • Loans must be guaranteed by principal owner(s)
  • No penalties for early repayment
Eligibility Requirements
  • Applicant’s property must be located in the City of Philadelphia
  • Landlord must certify that their cashflow was affected as a result of non-payment or reduced rent payments due to COVID-19
  • Real estate taxes must be paid through 2019
  • All of a Landlords rental units must qualify as affordable rental units
Required Documents:
  • Applicants must have a current rental license
  • A lease must be in place with a current tenant
  • A copy of the deed must be provided
  • Must provide proof of 2018 or 2019 federal tax filing
If you're having difficulty completing the application, please e-mail
NOTE: Landlords may submit up to three applications with a maximum of $24,999