Resources

Funding & Government Resources

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Resources

National Pride Grant for LGBTQIA+ Small Businesses

The LGBTQIA+ National Grant provides eligible small businesses the chance to receive one of 25 grant packages totaling $25,000. Founders First is committed to increasing the number of diverse founder-led businesses generating over $1 million dollars in revenues.


PA/NJ Job Creators Quest Grant

The Founders First Job Creators Quest Grant is one of many ways small businesses can apply for the capital needed to grow. As part of our mission to provide continued education to founders, all grant recipients also receive a scholarship to one of our acclaimed accelerator programs. Grant money can be used as growth capital to hire or rehire premium wage jobs. Cash infusion can be used to purchase, fix or enhance equipment necessary to help manage growth challenges and scale for the future.


JVS Fund for Women

The JVS Philadelphia Fund for Women provides capital and coaching to women owned enterprises with strong growth potential in Greater Philadelphia. Applications for this round will be accepted through June 1, 2023. You will hear from us in early Fall.


Philadelphia Food Justice Initiative

Philadelphia has tremendous food assets and opportunities for individual and collective action. PFJI strengthens these assets by providing funding for innovative, community-led projects that work to further food justice. PFJI prioritizes projects led by Black, Indigenous, and People of Color, immigrants and people living with disabilities, and those with lived experience with health injustice. PFJI supports projects that offer fair compensation to staff and partners.


Verizon Small Business Digital Ready

Our program helps small businesses thrive by offering free and quick online business courses on marketing, finance, efficiency and more, as well as networking and expert coaching. Grant application is now open. Register for Digital Ready, complete any combination of two courses, coaching events, and community events, and apply by May 12, 2023.


Quality Jobs Funding Program

The City of Philadelphia launched the Quality Jobs Program (QJP), a fund that invests in eligible businesses creating new full-time employment opportunities that pay a living wage and include health insurance benefits for Philadelphia residents.


PAGE Hurdle Fund

$125,000 in funds provided by local Investors Circle members as a prototype solution. A Hurdle Fund grant takes the place of family wealth by providing businesses with up to $25,000 to pay for things like insurance, equipment or certification. The independent Hurdle Fund grant committee has approved two awards to date and the goal is to deploy the full fund by the end of the year.

Information & Application

For more information/requirements please email:
mharris@economyleauge.org


Philadelphia Business Lending Network Incentive Grant

The Philadelphia Business Network Incentive Grant is a pilot program that provides a grant of up to $35,000, up to 50% of each approved loan amount from a Network lender to businesses that meet the eligibility requirements. Must be Philadelphia resident, 51% owned and operated by persons who are Black, Hispanic, Native American, Asian American, or Pacific Islander. Under 250K Revenue and under 5 employees.


Community First Fund (CDFI)

Community First Fund is a private, independent non-profit Community Development Financial Institution (CDFI) whose mission is to provide capital in places where it is not usually available. We seek to create financial equity through wealth building opportunities for individuals, families, and business owners, especially Persons of Color, women, and immigrants.

P: 267-236-7000
1301 North 2nd Street
Philadelphia, PA 19122


Boost Your Business Fund

Boost Your Business will provide funding to help diverse entrepreneurs in Philadelphia scale their businesses. Eligible businesses will be scored on the impact and feasibility of their growth plan. 10 selected businesses will receive a $50,000 forgivable loan. The loan will be forgiven when the business meets its stated growth goals: new contracts, revenue, and employee growth.

P: 215-683-2100
E: Business@Phila.gov.


Community Development Finance Institutions (CDFIs)

Community development financial institutions (CDFIs) are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. By financing community businesses—including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing—CDFIs spark job growth and retention in hard-to serve markets across the nation. CDFIs are profitable but not profit-maximizing. They put community first, not the shareholder.


The Enterprise Center COVID-19 Capital

The Enterprise Center Capital Corporation and like organizations are dedicated to supporting our small business community. Use this Inquiry form to get more information about Capital for businesses impacted by COVID-19.


Pennsylvania DCED

The Pennsylvania Department of Community and Economic Development (DCED) offers funding for business expansion, community projects and site revitalization in Pennsylvania.

P: 866-466-3972
How to Apply


Philadelphia Business Lending Network

The Philadelphia Business Lending Network simplifies the process of applying for loans. This service provides access to nonprofit and for-profit lenders with one application / form.


Pennsylvania Council on the Arts (PCA)& Greater Philadelphia Cultural Alliance

The Creative Entrepreneur Accelerator Program is designed to pair access to existing small business consulting services with financial resources for creative entrepreneurs who aspire to start their own for-profit business or who operate an existing for-profit micro business. The Greater Philadelphia Cultural Alliance administers the Creative Entrepreneur Accelerator in Bucks, Chester, Delaware, Montgomery and Philadelphia counties on behalf of the Pennsylvania Council on the Arts (PCA), as a regional partner of the Pennsylvania Partners in the Arts (PPA) program. The program will be prioritizing investments to creative entrepreneurs who identify Black, Indigenous, or people of color (BIPOC) and those who are located in and whose work benefits low-income communities.


Construction Loans Grow Philadelphia Fund – The Enterprise Center

The fund offers low interest loans to qualified minority-owned construction businesses to cover the cost of service contracts. Can finance construction loans for a maximum of $50K. The fund is eligible for construction business owned and operated by ethnic minorities working on a contract(s).

Inquiry Form
cwilborn@theenterprisecenter.com


Honeycomb Credit

Honeycomb Credit unlocks growth opportunities for small businesses to build vibrant, financially empowered communities via crowdfunded small business loans.

hello@honeycombcredit.com


Delaware County Industrial Development Authority

Delaware County Industrial Development Authority (IDA): The IDA is an authority established pursuant to the provisions of the Industrial and Commercial Development Authority Law, and the Economic Development Finance Law. It is organized for the purpose of encouraging economic growth and development within Delaware County. The IDA issues revenue bonds and notes for the financing of industrial and commercial projects through third party sources.


KIVA

Gives entrepreneurs access to zero percent interest small business loans. These loans are funded by hundreds of lenders from around the world.


Pennsylvania CDFI Network

Coalition of 33 financial institutions formally launches a $100M fund for local minority-owned businesses. The Philadelphia Growth, Resiliency, Independence, Tenacity (GRIT) Fund will be available for the next 4 yeas (2022-26).


Neighborhood Progress Fund

Offers Philadelphia area small business loans and business development services to entrepreneurs and businesses in distressed communities.

P: 215-232-0516
E: contact@npfp.org


PIDC – Loans

Offers local companies the capital they need to grow and provides capital to growing companies when traditional financing is difficult to access or not able to meet a business owner’s needs.

P: 215-496-8020
E: info@PIDCphila.com


PIDC – Grants

Offers local companies the capital they need to grow. Provides capital to growing companies when traditional financing is difficult to access or not able to meet a business owner’s needs.

P: 215-496-8020
E: info@PIDCphila.com


Delaware County Redevelopment Authority

The RDA acts as the vehicle for condemnation and development within the county. In certain circumstances, it has the power of eminent domain for private development. It also administers the county Brownfield’s pilot program.

P: 610-566-2225


Small Landlord Rental Improvement Fund

PHDC, in partnership with Impact Loan Fund, has launched a pilot program to finance repairs and renovations for landlords to improve apartments for affordable rentals. The fund will lend to landlords who own fewer than ten apartments in Philadelphia, and who need to improve their units to address health and safety-related repairs. Loans are between $10K to $25K.

P: 215-739-1600
E: info@impactservices.org


VestedIn

VestedIn provides small business loans throughout Philadelphia for: Working Capital, Purchasing Real Estate, Renovation or Construction on an Existing Building, Purchasing Inventory, Taking Advantage of Business Opportunities, and Purchasing Equipment or Furniture. Provides a variety of loans that range from $1K to $100K.

P: 215-452-0100
E: info@vestedin.org


Women’s Opportunities Resource Center Loans

Provides low–interest loans, including professional services, and referrals to partner banks and community loan funds for small businesses.

P: 215-564-5500
F: 215-564-0933
E: info@worc-pa.com

The Department of Commerce offers many different kinds of one-on-one business support. Individual businesses can meet with a business service manager to get help and advice. Business Technical Assistance Providers offer help with financing, legal matters, and skills training. Businesses in select low-to-moderate income areas can also be referred to the Business Coach program for specialized assistance.

P: 215-683-2100
E: business@phila.gov


Offers one-on-one counseling to existing and prospective business owners on starting and expanding their businesses and helps to teach small businesses the ins and outs of working with federal government.

P: 610-382-3062


The U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.

P: 1-800-659-2955
E: disastercustomerservice@sba.gov


The Department of Community and Economic Development’s mission is to encourage the shared prosperity of all Pennsylvanians by supporting good stewardship and sustainable development initiatives across our commonwealth.

PA Business One-Stop Shop
1.833.722.6778


In 1995, the Chester Economic Development Authority (CEDA) was created by the City of Chester to serve as the administrative agent for the City’s economic, housing, and community development programs and activities. In this capacity, the Authority is engaged in an ongoing effort to promote business growth, attract new investment, and develop Chester as a safe, livable, sustainable community.

P: 610-447-7850


The Delaware County Commerce Center is a centralized location for all economic development in Delaware County. This agency operates as an umbrella organization for the administration of various economic development boards and authorities including: Economic Development Oversight Board (EDOB); Industrial Development Authority (IDA); Redevelopment Authority (RDA); Stadium Authority.

Laura Goodrich Cairns
P: info@delcopa.org
E: info@delcopa.org

The Small Business Advantage Grant provides 50% matching grants, up to a maximum of $5,000 to enable Pennsylvania small businesses to purchase energy efficient or pollution prevention equipment, or adopt waste reduction processes. For assistance contact P: 717-772-5160; E: epadvantagegrant@pa.gov


SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months all current 7(a), 504, and Micro-loans in regular servicing status as well as new 7(a), 504, and Micro-loans disbursed prior to September 27, 2020.


The SBA offers disaster assistance in the form of low interest loans to businesses, nonprofit organizations, homeowners, and renters located in regions affected by declared disasters. SBA also provides eligible small businesses and nonprofit organizations with working capital to help overcome the economic injury of a declared disaster.