Photo: The Ridge Avenue commercial corridor pictured from Ridge Avenue and Dupont Street.

The Ridge Avenue commercial corridor pictured from Ridge Avenue and Dupont Street.

A List of Resources for Businesses Impacted by COVID-19

Small Business Owners Guide to the CARES Act

The programs and initiatives of the Coronavirus Assistance Relief and Economic Security (CARES) Act will provide small businesses with broad-ranging assistance such as paycheck protection, debt relief, disaster loans, emergency economic injury grants, and financial counseling.

Learn more about the Programs and Initiatives of the CARES Act

SBA Economic Injury Disaster Loan

Small Business Administration's (SBA) Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The goals of the program seek to:

  • Pay fixed debts.
  • Pay payroll.
  • Pay accounts payable and other bills that can’t be paid because of the disaster’s impact.

LEARN MORE ABOUT THE PROGRAM AND APPLICATION ELIGIBILITY
 

Verizon - LISC Small Business Relief Fund

Thanks to a $2.5 million investment from Verizon, the Local Initiatives Support Corporation (LISC) is offering grants to help small businesses. Grants of up to $10,000 are available to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital. Applications must be completed by April 4, 2020 before midnight.

Learn more and apply 

COVID-19 Working Capital Access (CWCA) Program 

The Pennsylvania Industrial Development Authority (PIDC) is offering loans to small businesses with 100 or fewer employees to support operations. As a Philadelphia-based business, you must submit your loan application the Philadelphia Industrial Development Corporation. For more information, contact Ronette Streeter at 215-496-8101 or rstreeter@pidcphila.com.  

LEARN  MORE AND APPLY

State Business Closure Requirements

To slow the spread of COVID-19 Governor Tom Wolf ordered non-life sustaining businesses in Pennsylvania to close their physical locations as of 8 p.m. on March 19. Information on non-life sustaining business definitions as well as the waiver process can be found through state's Department of Community and Economic Development.

LEARN MORE ABOUT THE STATE'S BUSINESS RESOURCES

Philadelphia COVID-19 Small Business Relief Fund

Microenterprise grants of $5,000 are still available for small businesses impacted by the COVID-19 pandemic through the Philadelphia COVID-19 Small Business Relief Fund. This program seeks to provide relief to small businesses in order to help them survive this crisis, help businesses retain as many employees as possible, help businesses avoid predatory lenders, and maintain the provision of goods and services for Philadelphia’s residents.

LEARN MORE ABOUT THE PROGRAM AND APPLICATION ELIGIBILITY