If you are interested in applying for any of the programs below, it is advised that you apply as soon as possible. The application period for many relief programs has been shortened due to the high demand. For assistance filling out applications, please contact Magaly Hernandez at firstname.lastname@example.org.
Small Business Resources
Outdoor dining: Guidelines (1)
Small Business Covid-19 Grants
Grants of $20,000 to small business owners to help meet their most immediate needs. Eligible expenses include: paying rent and utilities, meeting payroll, paying outstanding debt to vendors, upgrading technology infrastructure, and other immediate operational costs. The next round of applications open back up on February 8th.
The first round of applications is currently open for the COVID-19 Relief Pennsylvania Statewide Small Business Assistance program. This program will provide grants ranging from $5,000 to $50,000 to small businesses that have been impacted by COVID-19. Eligible businesses will be businesses that are: located in Pennsylvania, have an annual revenue of $1 million or less prior to COVID-19, and have less than 25 full-time employees. Signing up for this newsletter will let you know when the next round of grants will be available to apply for http://eepurl.com/hpbvQ1.
The purpose of the James Beard Foundation Food and Beverage Industry Relief Fund (the “Fund”) is to provide critical financial assistance to small, independent restaurants that, due to the COVID-19 (Coronavirus) national disaster, have an immediate need for funds to pay set operating expenses and keep from going out of business.
Small Business Loans
Business leaders throughout the Commonwealth of Pennsylvania are working together to help save as many Pennsylvania jobs as possible. Businesses that qualify for assistance include small businesses that employ 3-30 people, are based in Pennsylvania and have been operating for at least one year, and are owned and operated by a Pennsylvania resident. The funds given to small businesses through the Pennsylvania 30 Day Fund do not need to be repaid. Applications close December 31, 2023.
The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters. View the SBA’s webinar explaining the application process. Applications are now open.
Create a campaign where your customers, friends, and family can invest in your business.
Borrow $10,000-$50,000 in crowd funded working capital with a 45-day payment-free period. Take advantage of a 3.75% interest rate over an initial 6-month interest-only payment period followed by a 5% interest rate over a 3-year fully amortizing loan after the interest-only period with no pre-payment penalties.
Connecting entrepreneurs to 0% interest crowdfunded small business loans.
Raise money for your business. People can donate to your fundraiser in just a few clicks without leaving Facebook.
MainVest allows loans with flexible repayment schedule to small businesses. The business agrees to to share a percentage of their future revenue, which could be used to expand the business at first, till the investor receive return on investment.
This page was last updated February 2nd, 2021.