Small Businesses Can Apply Now for Restart Philadelphia Fund!
FOR PIDC’S RESTART PHILADELPHIA FUND
The Restart Philadelphia Fund provides $25,000 – $250,000 of flexible financing to help small businesses meet the needs related to reopening after COVID-19 and/or adapt business models to new conditions and opportunities as a result of COVID-19.
Small businesses can now apply for flexible financing to fund working capital, inventory, technology upgrades, mobilization, re-hiring, and employee training.
- Funds will be targeted to historically disadvantaged businesses (at least 50% of loans to be awarded) and businesses located in high-poverty and/or low-moderate income communities.*
- Small businesses with less than $5 million in annual revenue.
It’s about time to restart Philadelphia’s small businesses!
* Historically Disadvantaged businesses are at least 51% owned and operated by persons who are Black, Hispanic, Native American, Asian American, or Pacific Islander because they have traditionally been discriminated against and disadvantaged when seeking financial services and financial products.