NOTE: This page will be updated as more resources become available.
To help contain the spread of COVID-19, the City of Philadelphia has prohibited the operations of non-essential businesses until further notice. We recognize the significant impact these restrictions have on businesses.
The following resources and relief are available to business owners:
- The Philadelphia COVID-19 Small Business Program offers grants or zero-interest loans to Philadelphia small businesses impacted by COVID-19. The program, administered by the Department of Commerce and PIDC, aims to provide relief to selected small businesses in order to help them survive this crisis and retain as many employees as possible. Due to extraordinary demand and limited resources, read here for changes to this program that go into effect on March 30 at 5 p.m.
- The application for micro-enterprise grants is available in English, Spanish, and Chinese.
- The federal government recently established the Paycheck Protection Program, a new guaranteed loan program from the Small Business Administration (SBA) that will help small businesses cover payroll during the immediate crisis.
- The program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes more than $376 billion in relief for affected small businesses.
- Entrepreneur Works provides loans to entrepreneurs and existing businesses. They have small business loan options and one-on-one guidance.
- The Enterprise Center Capital Corporation COVID-19 Loan Fund offers loans to small businesses that meet the following criteria: The business is located in Philadelphia, has been in operation for a minimum of six months prior to the COVID-19 pandemic, and has a documented hardship.
- The Enterprise Center has also partnered with Brandywine Realty Trust on the Grow Philadelphia Small Business COVID-19 Resilience Fund, which will support minority-owned contractors and related small businesses affected by the pandemic. The fund will offer low-interest loans with flexible payment terms to eligible businesses.
- The West Philadelphia Financial Services Institution provides loans to small businesses in Philadelphia.
- The Neighborhood Progress Fund offers small business loans and business development services to entrepreneurs and businesses in distressed communities.
- The Small Business Administration’s (SBA) Economic Injury Disaster Loans (EIDL) offer up to $2 million in assistance per business. Additional information about SBA Disaster Assistance in Response to the Coronavirus is available, including specific details regarding Pennsylvania’s disaster declaration.
- Small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000 that does not have to be repaid. Funds will be made available within three days of a successful application. Apply here.
- The deadline to return economic injury disaster loan applications is Dec. 21, 2020.
- The PA SBDC Network hosts a daily webinar to explain the SBA EIDL application process every morning from 9:00 a.m. – 10:15 a.m. Sign up here.
- William Penn Foundation, Vanguard, and Reinvestment Fund are collaborating to support Philadelphia childcare providers struggling to sustain their businesses through the COVID-19 pandemic. The Philadelphia Emergency Fund for Stabilization of Early Education provides grants to minimize the loss of capacity and expertise so that children and families continue to have access to high quality early learning opportunities once this crisis has passed.
- KIVA, which gives entrepreneurs access to zero-percent interest small business loans, has increased the size of no-interest loans available.
- The Finanta Emergency Loan is available for entrepreneurs affected by COVID-19 and other emergencies. Loans range from $5,000-$15,000 without closing fees. Contact Finanta for more information and to apply: 267-236-7030 (for English) or 267-236-7019 (para Español)
- The Women’s Opportunities Resource Center has low–interest loans, professional services, and referrals to partner banks and community loan funds for small businesses.
As business owners prepare to apply for these and other relief programs, they should begin to gather documentation such as:
- Inventory documents (delivery slips, etc.)
- Details on laid off or furloughed staff
- Debt service payments
- Mortgage/lease and utility payments
- Workers’ Compensation claims
- Signed tax return
- Financial statements
Note: This is not an exhaustive list of required documents. Individual program requirements will vary.
- PECO is suspending fees for delays in bills and service shut-offs for three months, effective March 13, 2020 through at least May 1, 2020.
- Philadelphia Gas Works is suspending non-payment terminations and will waive new late payment charges. This termination moratorium will remain in place until further notice.
- Philadelphia Water Department is also suspending non-payment terminations and plans to waive new late payment charges. This termination moratorium will remain in place until further notice. Please note that regular billing will continue for all customers.
- Free online webinars and workshops about COVID-19 business resources can be found on our events page.
- The Pennsylvania Department of Community and Economic Development (DCED) has developed this list of COVID-19 Resources for Businesses, Communities, and Local Governments.
- The Consumer Financial Protection Bureau has developed a guide to help you prioritize bills during this challenging time.
- The local chambers of commerce have compiled useful resources for businesses:
- Temple University’s Small Business Development Center (SBDC) is offering many free resources, webinars, and recordings.
- Duke University’s COVID-19 capital relief resource is a searchable database of grants, loans, and other cash equivalents that can help entrepreneurs, nonprofits, and businesses anywhere in the world.
- SBA’s COVID-19 Small Business Guidance and Loan Resources has helpful tips for business owners.
- Philadelphia Industrial Development Corporation (PIDC) has a list of resources for business owners affected by COVID-19.
- The Business Center is offering its courses online, and encourages businesses that need help moving their services online to contact them.
- Philly VIP will continue to remotely match businesses with pro bono legal services.
- SCORE Philadelphia continues to offer business assistance and workshops online.
- For further guidance for businesses and other non-healthcare settings that are visited by the public, visit the Health Department’s COVID-19 resources page.
- The Merchants Fund has a list of resources for small businesses affected by COVID-19.
- The Office of Business Services at the Department of Commerce stands ready to support businesses. It can be reached via a hotline (215-683-2100) and by email at email@example.com.
- Sign up for the Department of Commerce’s newsletter, which will be distributed as new resources and information for businesses become available.
If you are a business owner and would like to receive information about business relief programs, please email firstname.lastname@example.org.
Follow these precautions to protect your business, employees, and patrons if you are operating as an essential business at this time.
Text “COVIDPHL” to 888-777 to stay connected with free alerts from the city.