Local Grants and Resources
Philadelphia businesses that were in compliance before the pandemic, but are now struggling to pay taxes, can take advantage of new payment agreements. Watch the Department of Revenue’s video to learn about eligibility and flexible terms.
The City can also help businesses that were in a payment agreement—or that already owed taxes—before COVID-related closures. Go here to find an agreement that best fits your situation.
If your business is requesting a refund for Use & Occupancy (U&O) Tax because of COVID-19 closure orders, it is important to note that businesses must first amend their refund. The Philadelphia Department of Revenue has instructions on how to do this.
- Provide low interest capital for minority-owned construction businesses in the Greater Philadelphia area for service contracts.
- Assist businesses in developing resources and growing.
- Enhance employment opportunities for residents and drive community development.
Learn more and apply.
State Grants and Resources
Learn more and apply.
The non-profit Pennsylvania 30 Day Fund provides forgivable loans for Pennsylvania-based small businesses. The forgivable loan is intended to provide immediate financial assistance (within maximum three days) to meet payroll, preserve healthcare coverage for employees and save jobs while they await recently approved federal funding.
The Pennsylvania 30 Day Fund is designed to be quick, easy, and free of red tape, as small business owners work to keep employees on board in the near term. All we ask in return: if you can, pay it forward.
Learn more and apply.
Learn more and apply.
National Grants and Resources
In June 2020, Comcast NBCUniversal announced the development of a comprehensive, multi-year plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.
Qualifying businesses may apply for the Comcast RISE Investment Fund.
Grant Details:
- 500 grants totaling $5 million will be distributed as follows:
- 100 small businesses in each city
- Each business will receive a $10,000 monetary grant
- Application period is March 1 – 14, 2021.
- Grants will be announced at the end of April 2021 and awarded in May 2021.
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.
In order to reach the smallest businesses, SBA will offer PPP loans to businesses with fewer than 20 employees and sole proprietors only from Wednesday, February 24 through Tuesday, March 9, 2021 at 5pm ET. President Biden has also announced additional program changes to make access to PPP loans more equitable.
Working capital loans that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Amount:
- 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
Eligibility:
- Any small business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations
The National Community Reinvestment Coalition and the Stavros Niarchos Foundation (SNF) announce a new initiative to help address some of the longstanding challenges, including gender and racial inequality and other socioeconomic barriers, that small business owners face in accessing capital. These barriers have been heightened and inequities deepened by the COVID-19 pandemic. In collaborating, through a grant to NCRC by SNF, the two organizations seek to assist in building a future economy supporting upward mobility for all entrepreneurs regardless of race, ethnicity, or socioeconomic status.
The new Stavros Niarchos Foundation (SNF) Small Business Growth & Recovery Fund initiative is managed and implemented through Equivico by NCRC. The Stavros Niarchos Foundation is the sole funder of this initiative, but does not participate in the selection process or in the implementation of the project, which are the full responsibility of NCRC.
The SNF Small Business Growth & Recovery Fund aims to help provide impactful solutions to a chronic problem. The Fund’s mission is to help U.S. small businesses, especially those owned by people of color, women, and veterans as well as those in lower-income communities, find their footing in a challenging economic landscape. By distributing grants, the program will offer awards up to $20,000 each, which do not need to be repaid, to U.S.-based small businesses, accompanied by complementary training and mentorship for business owners. Nonprofit organizations are not eligible for this opportunity.
