Covid-19 Funding & Financial Assistance
This page is updated regularly with the latest local information and resources about COVID-19 coronavirus. Updated: June 1, 2020
| PROGRAM | DESCRIPTION | AMOUNT/TYPE | WHO IS ELIGIBLE? | STATUS | ADDITIONAL INFO FOR APPLYING |
| Philadelphia COVID-19 Small Business Relief Fund | City of Philadelphia and PIDC tiered fund designed to provide immediate relief to Philadelphia businesses negatively impacted by COVID-19. | $5,000 grant | Businesses under $500,000 in annual revenue | 
Applications for Micro-enterprise Grants closed on April 15. Applications for Small Business Grants and Zero-Interest Loans closed on March 30, 2020 |
|
| PHL COVID-19 Fund | To aid nonprofits that are on the frontline of the pandemic, providing urgent resources throughout the Philadelphia region | Grants | 501c3 nonprofits | |
|
| PA COVID-19 Working Capital Access Program | Administered by the Pennsylvania Industrial Development Authority (PIDA) and provides critical working capital financing to small businesses located within the Commonwealth that are adversely impacted by the COVID-19 outbreak. | Max loan $100,000 per company | Any for-profit businesses located in PA and with 100 or fewer employees worldwide |
As of March 31st no longer accepting applications |
|
|
SBA Economic Injury Disaster Loan & Advance |
Working capital loans that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. |
|
Any small business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations | 
The SBA has begun accepting new EIDL applications on a limited basis only, in order to provide unprecedented relief to U.S. agricultural businesses. For agricultural businesses that submitted an EIDL loan application through the streamlined application portal prior to the legislative change, SBA will move forward and process these applications without the need for re-applying. All other EIDL loan applications that were submitted before the portal stopped accepting new applications on April 15 will be processed on a first-in, first-out basis. Small businesses and non-profits with an EIDL application number beginning with “2” can now enter the EIDL portal to request consideration for an EIDL advance up to $10,000. Click this link for more information: https://covid19relief.sba.gov/#/ |
• SBA Small Business Guidance & Loan Resources PDF |
| SBA Express Bridge Loans | These loans are designed to supplement an urgent need for cash while waiting for a decision and disbursement on EIDL. |
|
Small businesses that currently have a business relationship with an SBA Express Lender | |
Find SBA District Office |
| SBA Paycheck Protection Program | Loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. |
|
Any small business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations |
Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. |
• PPP Borrower Factsheet
• Dept of Treasury Guide to Assistance for Small Business • FAQ |
| PPP Through Lendistry | Goldman Sachs, in partnership with Lendistry, a community development financial institution (CDFI), has dedicated $10 million in Paycheck Protection Program loans to help Philadelphia small businesses that may not have relationships with traditional lenders. |
|
Any small business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations |
|
• Lendistry SBA PPP Process |
| LISC’s Verizon Small Business Recovery Fund | To help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available | Grants of up to $10,000 | Businesses especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities |
Applications closed April 17 for 2nd round. |
|
| Philadelphia Emergency Fund for Stabilization of Early Education | The William Penn Foundation and Vanguard launched a $7 million grant program, distributed by Reinvestment Fund, for Philadelphia pre-k, daycare and other early childhood education programs. | Grants up to $20,000 | Licensed child care, family child care homes, pre-k, early intervention and home visiting programs |
Applications available starting April 6th |
|
| The Enterprise Center COVID-19 Relief Loan | A tiered, 1% interest COVID-19 relief loan of up to $100k | $100K loan for business w/ up to $250K revenue
$20K loan for business w/ up to $50K revenue |
Philadelphia-based small businesses with at least one employee operating for at least six months prior to the coronavirus pandemic | |
Sign up for Virtual Office Hours |
| Grow Philadelphia Capital Initiative | Partnership between The Enterprise Center, Brandywine Realty Trust, and Jannie Blackwell offers low interest loans to qualified minority-owned construction businesses to cover the cost of service contracts | Construction loans for a maximum of $50,000 | Any construction business owned and operated by ethnic minorities working on a contract(s) | |
|
| Citizen Bank Small Business Recovery Program | This program supports Citizen Bank small business customers and will provide 134 small businesses with grants for a total of $2 million in grants overall. Out of the 134 small businesses, 32 will be distributed to small businesses in Pennsylvania. |
$15,000 Grant |
Citizens Bank’s business customers as of February 14th, 2020. |
Application deadline of 5pm Friday April 10th |
|
| University City District Small Business Emergency Fund | Thanks to a gift by the University of Pennsylvania, UCD is facilitating $250,000 in emergency funds to support small businesses in the UCD coverage area impacted by the COVID-19 pandemic. | Grants between $1,000 and $5,000 per business | Businesses must be located within UCD’s program area
A brick and mortar, for-profit retail location Independent operators with five or fewer locations Have been in operation on or before January 1st, 2020 |
Application closed April 15th |
|
| COVID-19 Arts Aid PHL Fund | Emergency support fund focused on the arts and culture sector from The City of Philadelphia’s Office of Arts, Culture and the Creative Economy, the Greater Philadelphia Cultural Alliance, and the Philadelphia Cultural Fund | Individual artists as
Small arts and culture organizations (annual budgets less than $250,000) Mid-sized organizations (annual budgets of $250,000 – $15M) |
Application opened Monday April 13th |
||
| Theatre Philadelphia Emergency Relief | Award micro-grants of $300 to individuals who live in the Philadelphia region, work in theatre, and whose theatre income has been impacted by COVID-19. | Micro-grants of $300 | Individuals who live within a 35-mile radius of Philadelphia’s City Hall. Must be active participants in the Philadelphia Region’s theatre community and have evidence of income loss due to COVID-19. |
Applications open April 13th at noon |
• Emergency Relief Program Information
• FAQ |
| Emergency Agriculture Assistance Grants | In partnership with Team Pennsylvania, The GIANT Company has provided $250,000 in funding for an emergency grant program to support farms, processors, and other small food businesses in Pennsylvania’s food supply chain impacted by the ongoing COVID-19 pandemic. | Maximum award amount of $15,000 per business. | Any small business of 250 employees or less involved in growing, making, or processing food within the Commonwealth of Pennsylvania. |
Applications open beginning April 10, 2020 through April 24, 2020 |
Application |
| The Red Backpack Fund | The Spanx by Sara Blakely Foundation donated $5 million to support female entrepreneurs in the wake of COVID-19 and teamed up with GlobalGiving to establish The Red Backpack Fund. | $5,000 Grants | Female entrepreneurs |
Each month, they will accept applications. The portal will open for applications again on May 4, June 1, July 6, and August 3. |
FAQs |
| Salesforce Care Small Business Grants | Soon be offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. A total financial commitment of $5 million. | $10,000 Grants |
The application process will open to US businesses in mid-April 2020 and international small business support will be announced shortly. |
Learn more and sign up to be notified when we open applications for Salesforce Care Small Business Grants. | |
| Save Small Business Fund | Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers as possible. | • Employ between 3 and 20 people
• Be located in an economically vulnerable community • Have been harmed financially by the COVID-19 pandemic |
|
||
| Small Landlord Rental Improvement Fund (RIF) pilot program | PHDC in partnership with Impact Loan Fund has piloted RIF to assist landlords with fewer than 10 rental apartments, improve and repair units and stabilize the supply of affordable rental housing in the City. | Loans from $10,000 to under $25,000 | • Landlords with fewer than 10 rental apartments.
• Participating landlords must maintain affordable rents for the term of the loan, meet fair housing guidelines, and have a rental license. • The first phase of this pilot program will take place in the following zip codes: 19120, 19122, 19124, 19125, 19133, 19134, 19137, and 19140. |
|
• Application
• FAQ |
| Healthy Food Financing Initiative | America’s Healthy Food Financing Initiative aims to improve access to healthy food and expand economic opportunity in underserved areas. | Up to $3M in grants | Eligible Organizations: • For-profit business enterprises • Cooperatively-owned businesses • Tax-exempt nonprofit corporations • Institutions of higher education • State & local governments & governmental agencies, authorities, commissions & food policy councils • Tribal governments & tribal governmental agencies, authorities, & food policy councils Project must be in an eligible location. See page 8 of pdf for details. |
Letter of Interest (LOI) due July 10 |
Additional Resources may be found at ICIC’s Small Business Resource Center
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish