Women’s enterprise center to be a microlender

Posted: March 26, 2013

Women's Opportunities Resource Center in Philadelphia plans to announce Thursday its new status as a U.S. Small Business Administration microlender.

As the first microenterprise program in the Philadelphia area, and one of the oldest in the nation, WORC's Economic Opportunities Fund has issued more than 420 loans totaling over $1.5 million since 1999.

Under the SBA program, WORC said its goal for 2013 is $350,000 in loans to 40 to 50 entrepreneurs. Online applications can be found at www.worc-pa.com.

Among WORC's first SBA recipients will be Drimaine Mills, who will receive an $8,000 loan Thursday to expand her Emerald Cutz hair salon at 2036 Fairmount Ave., said WORC president Lynne Cutler.


Contact Diane Mastrull at 215-854-2466, dmastrull@phillynews.com, or follow @mastrud on Twitter.

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