“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.”. More than two thirds of the approved awardees are women-owned businesses and 16 percent located in rural communities. See the application instructions for guidance on criminal history. 717-205-6074 “I appeal to the US Congress and to our colleagues on both sides of the aisle in Harrisburg to recognize the success of this program in assisting small businesses devastated by the pandemic and to invest further in the program so we can help even more of them.”. We do not anticipate any additional application rounds and we thank all of the applicants who have submitted their applications.

Community First Fund is one of 18 Community Development Financial Institutions (CDFIs) that make up the PA CDFI Network and will be administering this $225M program recently announced by Governor Wolf. The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program provides grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. And though we are gathering today virtually to recognize the positive impact these grants will have, it is critical to understand that there is still a great deal of need and must continue to direct resources and aid to our small business community to help it recover from the devastation of the pandemic.”. Grants ranged in size from $5,000 to $50,000 based on the revenue size of the business. Phone: 412.664.5200 Grant agreements and funds are disbursed on a rolling basis. Kenneth Hammaker, Vice President, Community Lending
Fax: 717.772.3588.

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.”. These grants give our small businesses hope and, I am here with my democratic colleagues to provide them whatever help they need to address this pandemic. Nathan McCann, Vice President, Community Lending, Stay Connected Sign up for news and upcoming events.

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. 610-685-4940 Proof of Business Registration with PA Department of State, as applicable: Articles of Incorporation (for corporations and LLCs); or Fictitious Name Registration/”Doing Business As” (Sole Proprietors); or Business Licences (if applicable). We're here for you in these uncertain times and we want to help see your business through the COVID-19 crisis. Then apply for a loan! Of the close to 5,000 small businesses approved in the first round of funding, 50% are historically disadvantaged businesses that have traditionally experienced discrimination when seeking financial services and financial products. Statewide, Pa. – August 10, 2020 – The Pennsylvania CDFI Network and the PA State Senator Democrats today announced $96 million in grant awards under the COVID-19 Relief Pennsylvania Statewide Small Business Assistance program.

Real estate businesses in which the majority (>51%) of their income is rental income are also not eligible, Private clubs and businesses which limit the number of memberships for reasons other than capacity, Government-owned entities or elected official offices, Businesses primarily engaged in political or lobbying activities, Businesses engaged in any illegal activity, socially undesirable or those that may be considered predatory in nature, such as pawnshops, rent to own, check cashing businesses and adult bookstores. You will receive confirmation emails and updates from Lendistry. 51 South Duke Street, Suite 400, Lancaster, PA 17602 Daniel T. Beck, Vice President, Senior Lender Angel Rosario, Senior Community Lender. Types of business that were most impacted by the economic shutdown and experienced the greatest revenue losses. The PA CDFI Network is a coalition of 17 PA-based community development financial institutions that primarily provide financing options for small businesses. In order to get funds to businesses in need as quickly as possible, the second application window will be the final opportunity to apply for the program. 237 Court Street, Garden Level, Reading, PA 19601 The grant awards for businesses in the second application window will be made in two decision rounds for funding. The small businesses that have been approved for awards span all 67 Pennsylvania counties.ce program. We assist underserved populations by providing capital and education to ignite business and job growth, to develop communities, to support entrepreneurs and to expand vital services that strengthen our region. The PA CDFI Network is a group of 17 PA-based community development financial institutions that primarily provide financing options for small businesses. Community First Fund is one of 18 Community Development Financial Institutions (CDFIs) that make up the PA CDFI Network and will be administering this $225M program recently announced by Governor Wolf. USA, 1001 State Street, Suite 1400 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.”.

Community First Fund relies on the support of individuals and institutions that are committed to investing in people’s lives and communities. Berks County Small Business New Start Program, Community First Fund Small Business Loans, COVID-19 Relief PA Statewide Small Business Assistance Program. “Our business community has been severely impacted by the COVID-19 pandemic and is in need of immediate assistance. All Rights Reserved. We are a CDFI participating in the COVID-19 Relief Pennsylvania Statewide Small Business Assistance grant program. The amount of grant funding ranges from $5,000 to $50,000.

610-685-4940 Statewide, Pa. – August 10, 2020 – The Pennsylvania CDFI Network and the PA State Senator Democrats today announced $96 million in grant awards under the COVID-19 Relief Pennsylvania Statewide Small Business Assistance program. All rights reserved. 8/4/2020. Download the Application Instructions for a comprehensive handbook on the grant program guidelines and application process. Lucy Cortez, Vice President, Community Lending Businesses operating in communities participating in one of the following designated revitalization programs including, an active Main Street. Additional items may be specified later: We make western Pennsylvania a thriving region for all by promoting economic opportunity and community revitalization.
However, Emerging CDFIs must demonstrate that they have the ability to become a Certified CDFI within three years of receiving a Technical Assistance grant. From facts to FAQs, we’ve got you covered.

Real estate businesses in which the majority (>51%) of their income is rental income, Private clubs and businesses which limit the number of memberships for reasons other than capacity, Government-owned entities or elected official offices, Businesses primarily engaged in political or lobbying activities, Government Issued Photo ID such as a Driver’s License or Passport, Revenue from March 1st to May 31st for 2019 and 2020, Most recently submitted Federal Tax Return. Angel Rosario, Senior Community Lender, YORK & ADAMS COUNTIES Community First Fund offer loans to small businesses in moderate to low income communities. 15401

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