The Restart PHL Loan Fund aims to provides low-cost capital to small businesses with less than $5 million in revenue.
The funds are to be used for improved business resilience or growth, like working capital, inventory, technology, mobilization, rehiring and employee training, PIDC said.
Small businesses can NOW APPLY for $25,000-$250,000 of flexible financing for COVID-19 relief to fund working capital, inventory, technology upgrades, mobilization, re-hiring, and employee training.
A handful of other resources available for small business owners right now include the COVID-19 Relief Pennsylvania Statewide Small Business Assistance program, which provides grants ranging from $5,000 to $50,000.
There’s also the Pennsylvania 30 Day Fund, which provides forgivable loans for Pennsylvania-based small businesses.