See below for information regarding funding opportunities such as grants and loans, and also upcoming workshops. We will continue to update this blog post during these next few months
1. City of Philadelphia COVID-19 Restaurant and Gym Relief Program: learn more here
The City of Philadelphia and PIDC today announced the Philadelphia COVID-19 Restaurant and Gym Relief Program, a $12 million grant program designed to provide financial relief to small businesses located in Philadelphia that have been among the most adversely affected by the latest round of pandemic-related restrictions enacted in November 2020.
The online application to the program will be opened at 11 a.m. on Thursday, January 28. Applications will be accepted until 11:59 p.m. on Tuesday, February 9. The application will be available at phila.gov/RGRP. All applications will be reviewed after February 9. The program is not first-come, first-served; applications will be awarded based on eligibility and alignment with program priorities. More details on eligibility can be found here.
For assistance with your application email Jordan to set up an appointment: email@example.com
2. Fairmount CDC Business Relief Fund: apply here
Fairmount CDC has once again opened the local COVID Business Relief application. This application is open to all businesses, regardless of business sector. You do not need to be a Greater Art Museum Business Alliance (GAMBA) member to apply.
We will review all applications received, however we are prioritizing businesses that fall within the Greater Art Museum Boundaries: West Oxford (North) to Callow Hill (south), Pennsylvania (West) to Ridge Ave (East)
Grants generally range between $500-$1500. We anticipate the first round of grants to be awarded by mid February.
3. PPP Second Round Applications: learn more here
The federal Paycheck Protection Program (PPP) has reopened applications for eligible businesses. Businesses that did not receive a PPP loan last year (“First Draw” businesses) are eligible to apply if they have 0-500 employees. Businesses that received a PPP loan last year and are seeking another PPP loan (“Second Draw” businesses) are eligible to apply if they have 0-300 employees. Sole proprietors may be eligible to apply.
During this time of unprecedented change, we are coming together in support of our customers and communities. We’ve partnered with Bryn Mawr Trust, Customers Bank, OceanFirst Bank and WSFS to create the Micro-Loan Recovery Program. This program is intended to help small businesses within the Philadelphia area that are in need of financial assistance to reopen their businesses.
The Sustainable Business Network of Greater Philadelphia (SBN) will host a free webinar and Q&A for small businesses on Wednesday, February 3rd at 12pm. It will focus primarily on business-related Covid-19 tax information, including compliance and enforcement issues. Representatives from City and State Revenue Departments will be on hand to help.