Monthly Archives: March 2020

 

 

Hello Everyone!

Here you will find contact information and links to emergency loans and grants for small businesses to assist with COVID-19 relief. Included are resources available through The Business Center and other partner organizations.


9:00 am  Wednesday’s Live Webinar to Get Questions Answered – SBA Emergency Loan Webinar: Process for Applying and FAQ’s  – You’ll find the latest live stream and other recordings on the Pennsylvania Small Business Development Centers YouTube page 


The Business Center
For Assistance with completing relief forms, financial projections, and tax forms contact us at
Office: 215-247-2473 (Please leave messages in the general mailbox.  We are retrieving them remotely and daily.)
Email: education@thebizctr.com


Federal, State and City Resources

Solomon Wheeler 
To check on the status of your application contact disatercustomerserviceassistance@sba.gov

SBA(Small Business Administration)
Office: 717-782-3840
Cell: 717-503-7094
Email: solomon.wheeler@sba.gov

Emergency Injury Disaster Loan (EIDL)

Paycheck Protection Program (PPP)

Information on the SBA PPP program can be found on the US Treasury website
Download the PPP Borrower Application Form (current v-3 4/2/2020check the US Treasury website to be sure this is the latest version)

Information slide sets from the SBA (pdf):

Economic Injury Disaster Loans (EIDL)

Payroll Protection Program (PPP)

 

Michael Shorr
DCED
Email: mshorr@pa.gov

DCED Information
New Capital Access Program
Program Guidelines
Program Fact Sheet
List of CEDOs

Additional questions about the CWCA program can also be directed to:
CWCA program: 717-783-5046
CWCA Email: ra-cwcainfo@pa.gov

 

City of Philadelphia Commerce Department and Philadelphia Industrial Development Cooperation (Deadline April 15, 2020)

Phila gov
Phila PIDC
Philadelphia COVID-19 Small Business Relief Fund 

Deadline for COVID-19 Small Business Relief Fund

Your Emotional Well-Being in the COVID-19 Environment (Zoom Webinar April 17, 2020, at 2:00 PM)


Banking Institution Resources

Santander

Santander US Announces COVID-19 Relief Efforts

Customers Bank

Judith Exantus
Office: 215-717-7954
Cell: 215-429-0077
Email: jexantus@customersbank.com

Veder M. Reddick
Senior Vice President
Progress Plaza – Sullivan Building
1501 N Broad Street
Suite 201
Philadelphia, PA 19122
C 610-401-5242
F 215-232-2025
O 215-717-7953

Lendistry

New Partnership Created with Goldman Sachs and Lendistry with Potential Forgivable Loan


Community Development Corporations and Community Agencies COVID Resources
(Some of these agencies have a priority to assist businesses owned by people of color)

Reinvestment Fund
Reinvestment Fund has partnered with the William Penn Foundation and Vanguard Strong Start for Kids Program™ to launch the Philadelphia Emergency Fund for Stabilization of Early Education (PEFSEE), which will support organizations that provide early learning for children from birth to age five. If you have any questions or concerns, please reach out to any member of our staff at Reinvestment Fund or via email at info@reinvestment.com.

The Merchants Fund
Jill Fink

Office: 215-399-1339
Email: info@merchantsfund.org

Merchants Fund


Other COVID-19 Relief Resources 
(This information applies to contractors, consultants, for-profits, nonprofit, etc.)

The Beech Companies offers lines of credit to non-profit organizations and small businesses under their fund through the Beech Business Bank.

The William Penn Foundation announced a $3 million grant to support the PHL COVID-19 Fund. Throughout the crisis, this fund will provide grants to organizations in the Greater Philadelphia whose focus has been on serving at-risk populations. You can read more about the grant qualifications here.

The Verizon-LISC COVID-19 Recovery Fund is now offering grants up to $10,000 to help business deal with the immediate financial impacts of the pandemic. This grant can be used for things like rent, payroll, utilities, and vendor payments. Make sure to submit your application by Saturday, April 4th, 11:59 pm ET! To access the application, click here.

Mt. Airy CDC

COVID-19 Business Relief Fund
Request for Relief: Business Support Fund

 

Be safe and stay well!

updated 4/21/2020

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COVID-19 Updates 

 

Hello Friends,

We have compiled more information for you during the COVID-19 crisis. 

The Business Center (TBC) Updates:

All Youth & Money open house events planned for March and April will take place via Facebook Live. Participants will have the opportunity to virtually meet peer trainers, ask questions about the summer programs and participate in an entrepreneurial exercise.  More details will be sent out on Friday. Also, check the website here or contact the office at 215-247-2473 ext. 3.

Small Business Administration (SBA) Updates:

Each state’s governor, including the Commonwealth of Pennsylvania, has the option to apply to the federal government to declare Pennsylvania counties eligible for SBA’s Economic Injury Disaster Loans (EIDL). Once a declaration is made, businesses can apply online at disasterloan.sba.gov/ela. Information on the EIDL program is explained in the News Release below my signature block. To prepare for the online application, businesses are also encouraged to review the SBA Disaster Business Loan Application forms at disasterloan.sba.gov/ela/Information/PaperForms.

If you have been, or expect to be financially impacted you may want to be proactive in contacting your bank(s), lender(s) and supplier(s) to determine what steps can be taken to mitigate the impact. If your business has an existing SBA 7(a) loan, 504 loan or Microloan, please contact your lender to discuss your options. You may also contact your insurance company to determine if your business insurance covers will cover losses due to the current emergency and steps you would need to take to file a claim.  You can also contact Solomon Wheeler at 717-503-7094 or solomon.wheeler@sba.gov.

You may also wish to reach out to your local county resources, as well as the Pennsylvania Department of Community and Economic Development’s Pennsylvania Business One-Stop Shop: Email business.dced@pa.gov 
Telephone 1-833-722-6778, Option 0
Website business.pa.gov

Philadelphia Department of Commerce and the Philadelphia Industrial Development Corporation (PIDC) Updates:

This is also a reminder that the City and PIDC will launch a program to support Philadelphia businesses, help maintain payroll obligations, and preserve jobs impacted by the spread of COVID-19. The program will be a tiered program that aims to provide targeted support for small businesses. More details about the program, including how businesses can apply, will be announced in the coming days. In the meantime, please complete this brief survey to assess the impact of COVID-19 here

Stay tuned for the small business workshop The Business Center will present next Wednesday, March 25 on emergency funding and other resources to manage through COVID-19.  

Lastly, please know that the Philadelphia Department of Commerce and PIDC are working on a COVID-19 business relief package, and we will share details in the near future. We are asking the business community to please fill out this brief survey, which will help inform us of your most pressing needs.      

We will continue to keep you updated.  

Stay Well,

Pamela Rich-Wheeler, MBA

TBC Executive Director

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Youth and Money Open House

now virtual – join us on Facebook live!

Sunday, March 22
Saturday, March 28

12:00 – 2:00 pm

Saturday, April 25

11:30 – 2:30 pm

FUN • PRIZES • (bring your own) REFRESHMENTS

Register and learn details about all the summer youth entrepreneurship programs

 

Download and share the flyer!

Participant Testimonies

 

Youth and Money program support

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