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



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.
  • Loans up to $2 million dollars w/ up to 30 year term
  • Advance of up to $10,000 does not have to be repaid
  • Covers the period Feb 15,2020 – Dec 21, 2020
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:

• SBA Small Business Guidance & Loan Resources PDF

EIDL Daily Training  Webinar

SBA Express Bridge Loans These loans are designed to supplement an urgent need for cash while waiting for a decision and disbursement on EIDL.
  • Temporarily increasing the maximum loan from $350,000 to $1,000,000 for loans approved from March 27, 2020 through December 31, 2020.
  • All loans to veteran-owned small businesses approved on or after March 27, 2020, the upfront guaranty fee will permanently be zero.
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.
  • Low interest Loan w/ 2 year term
  • Total cap $10M
  • Covers the period Feb 15,2020 – June 30, 2020
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

Application Form

• Dept of Treasury Guide to Assistance for Small Business


Eligible PA Lenders List

Search for an Eligible Lender

PPP Forgiveness Guidelines

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.
  • Low interest Loan w/ 2 year term
  • Total cap $10M
  • Covers the period Feb 15,2020 – June 30, 2020
Any small business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations

Apply to Lendistry here.

 • Lendistry SBA PPP Process

Process & Portal Guide

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


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

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.

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.



Info Webinar June 2 @ 2PM (no registration needed)

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
• 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