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West Philadelphia Small Business Resilience Fund

The West Philadelphia Small Business Resilience Fund was created to support West Philadelphia businesses experiencing significant financial losses and business disruption as result of the COVID-19 pandemic and recent uprisings. The Resilience Fund intends to fund loans up to $50,000 per small business for job retention and working capital needs.

Eligibility Criteria

To be eligible for this funding, small businesses must:

  • Be a business located in West Philadelphia zip code: 19104, 19131, 19139, 19143 and 19151
  • Minimum of 6 months in operations prior to COVID-19 pandemic
  • Have at least 1 employee (self-employed qualifies with a 1099 statement)
  • Active general liability insurance
  • No bankruptcies in the past 12 months or foreclosures in the past 24 months
  • Must prepare business recovery plan within 30 days of funding
  • Other criteria may apply

Loan Rates, Fees, and Terms

  • 0% interest rate 
  • No payments for 6 months
  • Loan terms up to 3 years
  • No prepayment penalty
  • No closing costs except for collateral filing fees


Apply

Click here to fill out the client inquiry form to start the application process.

Before applying, Business owners should gather the following core documents:

  • 2018 & 2019 Signed Tax Returns
  • 2019 Financial Statements
  • 2020 Interim Financial Statements
  • Proof of Insurance
  • Schedule of Liabilities

West Philadelphia Resilience Fund Partners