City of Philadelphia and PIDC Open Applications to Philadelphia COVID-19 Small Business Relief Fund

The City of Philadelphia and the Philadelphia Industrial Development Corporation (PIDC) today launched the COVID-19 Small Business Relief Fund, a more-than-$9 million grant and loan program designed to support Philadelphia small businesses, help maintain payroll obligations, and preserve jobs impacted by the spread of the COVID-19 virus.

The Philadelphia COVID-19 Small Business Relief Fund is a tiered program providing targeted support for small businesses, which face an unprecedented challenge due to the ongoing global pandemic. The fund offers a mix of new grants and zero-interest loans for businesses that make under $5 million in annual revenue.

Click the link below for additional information on the Philadelphia COVID-19 Small Business Relief Fund:
https://www.phila.gov/2020-03-23-city-of-philadelphia-and-pidc-open-applications-to-philadelphia-covid-19-small-business-relief-fund/

Click the link below for additional information on how businesses can apply for assistance from the Philadelphia COVID-19 Small Business Relief Fund:
https://www.phila.gov/programs/philadelphia-covid-19-small-business-relief-fund/?mc_cid=e610c84755&mc_eid=701a23fa37

HBK will continue to follow developments and provide guidance and clarity surrounding COVID-19 business issues. To discuss COVID-19’s effect on your business, contact your HBK advisor.