City of Philadelphia and PIDC Launches 'Small Business Relief Fund'

 
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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.

 
Philly Startup Leaders