PIDC offers COVID 19 Restart Loan Program

The Restart Philadelphia Fund provides $25,000 – $250,000 of flexible financing to help small businesses meet the needs related to reopening after COVID-19. Small businesses can also utilize the financing to adapt business models to new conditions and opportunities as a result of COVID-19.

USE

Small businesses can now apply for flexible financing to fund working capital, inventory, technology upgrades, mobilization, re-hiring, and employee training. 

ELIGIBILITY

  • Historically disadvantaged businesses (at least 50% of loans to be awarded)
  • Businesses located in high-poverty and/or low-moderate income communities.*
  • Small businesses with less than $5 million in annual revenue.

* Historically Disadvantaged businesses are at least 51% owned and operated by persons who are Black, Hispanic, Native American, Asian American, or Pacific Islander because they have traditionally been discriminated against and disadvantaged when seeking financial services and financial products.

LEARN MORE ABOUT FEES AND PAYMENT TERMS

* Historically Disadvantaged businesses are at least 51% owned and operated by persons who are Black, Hispanic, Native American, Asian American, or Pacific Islander because they have traditionally been discriminated against and disadvantaged when seeking financial services and financial products.

ABOUT PIDC

PIDC is a non-profit organization founded by the City of Philadelphia and the Chamber of Commerce for Greater Philadelphia in 1958. 

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