Small Business Survey & Funding
South Kensington Community Partners
SAFE REOPENING BUSINESS SURVEY
We want to hear from business owners in the Philadelphia region about the resources needed to reopen safely. The purpose of this survey is to assess the needs of businesses in the Greater Philadelphia region in order to help the City develop guidance and resources to help you safely and speedily reopen after the COVID-19 business closures.
TAKE THE SURVEY
PA SMALL BUSINESS GRANTS
Recently, Governor Tom Wolf announced a $225M statewide grant program to support small businesses that were impacted by the COVID-19 public health crisis and subsequent business closure order.
At this time, program details are still in development. The PA CDFI Network is currently working with the PA Department of Community and Economic Development in support of program implementation. Visit our central informational website to learn more about the program and the CDFIs deploying the grants and sign up for the mailing list to be notified when the application phase is opening. Applications are not being accepted at this time.
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RESTART PHL LOAN FUND
This loan program provides flexible low-cost capital to small businesses with less than $5M in revenue for costs associated with improved business resilience or growth, including working capital, fit-up, inventory, technology, mobilization, re-hiring, and employee training.
The fund is targeted to historically disadvantaged communities with a specific focus on minority, women, and immigrant-owned businesses located on commercial corridors in low-income areas. The loan application and additional program details will be released soon.
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RESTORE & REOPEN GRANT PROGRAM
The City of Philadelphia Department of Commerce recently announced $1.4 million in initial funding for businesses in historically disadvantaged communities that experienced damage or inventory loss from the recent civil unrest to cover expenses needed to recover and reopen. This program is being administered by The Merchants Fund. Program details and guidelines are still being developed. Application, guidelines, and eligibility will be posted on the Merchants Fund website once available.
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THE PA 30 DAY FUND
The Pennsylvania 30 Day Fund recently announced that it will deploy at least $100,000 for diverse small businesses who have suffered loss due to property damage and looting. The nonprofit organization provides $3,000 forgivable loans to small businesses owners who complete a simple application and submit a video. The Fund launched on May 7, 2020, and has already funded over 70 companies, including 36 minority-owned small businesses, impacted by COVID-19. APPLY FOR PA 30 DAY FUND