pa cdfi grant application

The applicant will certify that that no owner of 20 percent or more of the equity of the applicant’s business is presently incarcerated or, for any felony, presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction; or has been convicted of, pleaded guilty or nolo contendere to, or commenced any form of parole or probation (including probation before judgment) for a felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance within the last five years or any other felony within the last year. The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. Allentown, PA Community First Fund offer loans to small businesses in moderate to low income communities.

“While I’m glad to see the positive impact of these grants and I urge all local community businesses to apply for the next round of grants, we need to expand investment in programs like this because it’s long past time for the legislature to address the systemic flaws that are leaving too many marginalized people behind.”. We are committed to aligning capital with justice for low-income communities and low-wealth individuals, so we may increase opportunities for economic prosperity for all. Bridgeway Capital is a participating CDFI and will support small businesses in western Pennsylvania to access the grant funds. “For minority and women-owned businesses in Pennsylvania COVID-19 didn’t create a crisis, it laid bare the crisis our minority entrepreneurs have been facing for decades,” House Democratic Finance Committee Chairman Jake Wheatley Jr (D-Allegheny) said. Copyright © 2020 Senator Jim Brewster. Our business owners, their employees, and their families deserve our assistance.”. Additional items may be specified later: LANCASTER & LEBANON COUNTIES Low and moderate-income business owners are defined as those with a total household income of 80% or less than the county Median Family Income, based on the US Census Bureau’s 2018 American Community Survey (2018 ACS) or HUD 80% of Median Household Income. This is not a first-come, first-served program. Qualified applicants not awarded in the first round do not need to reapply and will be rolled into the next round for consideration. “It is because of collaboration and a collective focus that today we were able to deliver help to the auto body shops, the barbershops, the beauticians, the pizza shop owners, the soul food establishments and other businesses across the commonwealth. Daniel T. Beck, Vice President, Senior Lender 15219 “These grants and the relief they will […] All businesses must apply through an eligible CDFI and meet the program requirements which, at a minimum, include: Be physically located, certified to do business, and generate at least 51% of their revenues in Pennsylvania Have annual revenue of $1 million or less prior to the impact of COVID-19 The first application round drew a strong response with nearly 24,000 applications. Eligible small businesses can apply online at pabusinessgrants.com or through any one of the 17 Community Development Financial Institutions (CDFIs) that are part of the Pennsylvania CDFI Network. “We’ve seen the impact of this pandemic-fueled economic crisis on the small businesses in our communities and in the immense response to the program in the first round of applications,” said Daniel Betancourt, President & CEO of Community First Fund and Chair of the PA CDFI Network. “I could not be more proud or more grateful for the great work of DCED and Pennsylvania’s CDFI Network in delivering substantive, fair, equitable, need-based assistance to our state’s main street and historically disadvantaged small businesses. Lucy Cortez, Vice President, Community Lending 717-920-1520 7 East Market Street, York, PA 17401 The grant program is targeted to help small businesses manage costs, handle expenses, and stay in operation in this exceptionally difficult time,” said Senator Brewster (D-Allegheny). “Since COVID struck our state and debilitated our business community, I have been advocating for bridge grants and sought millions in aid for impacted businesses and workers. The small business assistance grants are one of the tools we can use to bolster business, maintain jobs and help workers at a time of immense distress.”. Grants ranged in size from $5,000 to $50,000 based on the revenue size of the business. “While I’m glad to see the positive impact of these grants and I urge all local community businesses to apply for the next round of grants, we need to expand investment in programs like this because it’s long past time for the legislature to address the systemic flaws that are leaving too many marginalized people behind.”. Fax: 412.380.2249, McKeesport Office All rights reserved. TO BE ELIGIBLE TO APPLY, A BUSINESS MUST: THE FOLLOWING ENTITIES ARE INELIGIBLE TO APPLY: Other ineligible entities are specified in the application instructions.

“The PA CDFI Network is grateful for the partnership of Governor Wolf and the Pennsylvania Legislature as we move quickly to get these resources into the hands of those most impacted by the crisis.”. The program will ensure that grant funds are awarded to small businesses located across the Commonwealth of Pennsylvania. Eligible small businesses can apply online at pabusinessgrants.com or through any one of the 17 Community Development Financial Institutions (CDFIs) that are part of the Pennsylvania CDFI Network. Any Covid-19 related expenses not already paid for with other relief measures such as state grants or loans, US SBA Paycheck Protection Loans, local or regional grant and/or loan programs. 610-685-4940

The program is part of $225 million in statewide relief championed by the senate democratic caucus in June to support small businesses economically impacted by the pandemic. “Our small business owners need our help and support,” said state Rep. Carolyn Comitta, D-Chester. Learn about the types of loans we have available. Grants of $5,000-$50,000 will be awarded based on the amount of revenue reported on your last filed tax return. “It is because of collaboration and a collective focus that today we were able to deliver help to the auto body shops, the barbershops, the beauticians, the pizza shop owners, the soul food establishments and other businesses across the commonwealth. There will be two rounds of application windows. Explore all your financing options today. The members of the coalition are as follows: The Progress Fund (Counties Served: Allegheny, Armstrong, Beaver, Bedford, Blair, Butler, Cambria, Cameron, Centre, Clarion, Clearfield, Clinton, Crawford, Elk, Erie, Fayette, Forest, Fulton, Greene, Huntingdon, Indiana, Jefferson, Lawrence, Lycoming, McKean, Mercer, Potter, Somerset, Tioga, Venango, Warren, Washington, Westmoreland), Bridgeway Capital (Counties Served: Allegheny, Armstrong, Beaver, Butler, Clarion, Crawford, Erie, Fayette, Greene, Indiana, Lawrence, Mercer, Venango, Washington, Westmoreland), Northside Community Development Fund (Counties Served: Allegheny, Beaver, Greene, Lawrence, Washington), Metro Action (Counties Served: Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, Susquehanna, Wayne, Wyoming), Rising Tide Community Loan Fund  (Counties Served: Bradford, Bucks, Carbon, Columbia, Lehigh, Monroe, Northampton), ASSETS (Counties Served: Berks, Juniata, Lancaster, Mifflin, Snyder, York), Community First Fund (Counties Served: Adams, Berks, Chester, Cumberland, Dauphin, Delaware, Franklin, Lancaster, Lebanon, Lehigh, Montgomery, Northampton, Perry, Philadelphia, York), Reinvestment Fund (Counties Served: All Counties), PIDC Community Capital (Counties Served: Philadelphia), Impact Loan Fund (Counties Served: Montgomery, Montour, Northumberland, Philadelphia), Beech Capital (Counties Served: Bucks, Chester, Dauphin, Delaware, Erie, Montgomery, Philadelphia, York), West Philadelphia Financial Services Institution (Counties Served: Bucks, Chester, Delaware, Montgomery, Philadelphia), Enterprise Center Capital (Counties Served: Berks, Bucks, Chester, Cumberland, Dauphin, Delaware, Montgomery, Northampton, Philadelphia), Neighborhood Progress Fund (Counties Served: Chester, Delaware, Montgomery, Philadelphia), Entrepreneur Works (Counties Served: Bucks, Chester, Delaware, Montgomery, Philadelphia), Women’s Opportunities Resource Center (Counties Served: Bucks, Chester, Delaware, Montgomery, Philadelphia, Sullivan, Susquehanna, Wyoming), United Bank (Counties Served: Blair, Bucks, Cambria, Chester, Delaware, Lackawanna, Luzerne, Montgomery, Philadelphia, Union). The application window for the first round of funding opened on June 30th at 9 a.m. and remained open for 10 business days until July 14 at 11:59 p.m. Then apply for a loan!

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