City of Philadelphia and PIDC Launches 'Small Business Relief Fund'
The City of Philadelphia and PIDC launched its COVID-19 Small Business Relief Fund. Read the full press release here.
The Philadelphia COVID-19 Small Business Fund is designed to provide immediate relief – in the form of grants and zero-interest loans - to Philadelphia businesses negatively impacted by COVID-19.
The goals of the fund include:
Helping small businesses survive the COVID-19 crisis
Retaining employment and assisting small businesses to continue to pay employees
Helping businesses avoid predatory lenders
Maintaining the provision of goods and services for Philadelphia’s residents
Opportunities include:
Microenterprise Grants — $5,000 per business for businesses with less than $500,000 in annual revenue.
Small Business Grants — Up to $25,000 per business for businesses with annual revenue between $500,000 and $3 million.
Small Business Zero-Interest Loan — Up to $100,000 per business for businesses with annual revenue between $3 million and $5 million.
SUBMIT YOUR APPLICATION TODAY! WE WILL DO EVERYTHING WE CAN TO SUPPORT YOU.