As the Philadelphia Industrial Development Corporation (PIDC), we've made thousands of economic development loans. It takes specialized software to track the process, and accommodate each deal. So we developed Portfol in 1986, using and refining it to successfully manage over $7 billion of our own loan activity.
In 1996, when other economic development lenders showed interest in our system, we realized there was an opportunity to help other agencies in our field nationwide, and began marketing Portfol™. Today, agencies like yours have streamlined their loan process with the only software program designed by an economic developer.
Portfol™ is a Windows®-based, fully-integrated, multi-user system that tracks activities from the initial call and deal structuring, through the lending approval process, and finally the servicing of the loan.
Portfol™ handles the complex issues associated with the lending of public money - job tracking and reporting, accounting for different funding sources, and also the need to quickly and accurately respond to requests for information from public officials or funders.
Portfol™ speaks your language:
* Are you a CDC? A CDFI? An IDA? An IDC?
* Do you administer CDBG funds? EDA? SBA? RBEG? IRP? USDA? ARC?
Philadelphia Industrial Development Corporation (PIDC), a private, not-for-profit corporation, was created in 1957 by the Greater Philadelphia Chamber of Commerce and the Commerce Department of the City of Philadelphia to promote economic development within the city. It is the City of Philadelphia's official economic development agency.
PIDC has a national reputation as one of the most innovative and responsive development corporations in the nation. It has issued more than 4,000 loans amounting to over $7 billion in financing. It currently administers more than 20 lending programs, ranging from tax-exempt financing and CDBG lending to business assistance for defense conversion.
Click here to visit the PIDC website
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