*NEW* PA 30 Day Fund
Forgivable loans up to $3,000 to small businesses in need, prioritizing eligible businesses that were victims of looting and property damage due to the recent civil unrest.
*NEW* Force Majeure Clauses in Contracts
Prepared by Philadelphia VIP with assistance from the Penn Law Entrepreneurship Legal Clinic
*NEW* Preparing for Pro Se Representation in Small Claims Court
Prepared by Rana Ozer, esq. for Philadelphia VIP
CARES Act Payroll Tax Relief Provisions
A summary of COVID-19 tax relief provisions prepared by DLA Piper
COVID-19 Relief Pennsylvania Statewide Small Business Assistance
Provides grants ranging from $5,000 to $50,000 to small businesses economically impacted by COVID-19. The Pennsylvania CDFI Network will administer several rounds of funding to the best qualified applicants. This is not a first-come, first-served program. Round 2 will open up in August.
COVID-19 Working Capital Access (CWCA) Program
Administered by the Pennsylvania Industrial Development Authority (PIDA). Provides working capital loans to small businesses up to $100,000.
The Enterprise Center Capital Corporation COVID-19 Loan Fund
Loans for Philadelphia’s small businesses that have been in operation for at least 6 months and have a documented hardship.
LISC Verizon Small Business Recovery Fund
Provides grants of up to $10,000 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.
PA Department of Community and Economic Development COVID-19 Business Resources
Information about Governor Wolf’s mandate on business closures + state-level resources for affected businesses
Pandemic Unemployment Assistance
Pennsylvania is now offering unemployment assistance to individuals who have traditionally been ineligible for unemployment benefits (e.g. self-employed workers, consultants, independent contractors, gig workers).
Paycheck Protection Program
A loan program from the SBA that provides 8 weeks of cash-flow assistance to small businesses and nonprofits with up to 500 employees, which may be forgiven if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
SBA Economic Injury Disaster Loan Program
Targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Social distancing for essential businesses during COVID-19
Guidance from the Philadelphia Department of Public Health
Start Small Think Big
Free financial and marketing services for small businesses and nonprofits, as well as the Rapid Response Project to help with businesses affected by COVID-19.
US Department of Treasury and IRS Guidance on Deferring Tax Payments Due to COVID-19 Outbreak