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Luis Torrado

For small and emerging business owners like Luis Torrado of Torrado Construction in Port Richmond, success often hinges on the company's ability to maintain working capital to fund accounts receivable. "We had two substantial construction projects coming up and both contracts were very demanding on payroll," said Torrado. "PIDC's loan helped us finance the projects and employ more than 40 people." The Contract Line of Credit program is designed to give small, woman, disabled, and minority-owned businesses like Torrado's the resources they need in order to take on bigger contracts and grow their business. Torrado takes pride in building community-based projects. "It's not just about me running a business, it's about helping people. PIDC understood that and they were a true partner in our success."