West Philadelphia Small Business Resilience Fund

The West Philadelphia Small Business Resilience Fund was created to support West Philadelphia businesses experiencing significant financial losses and business disruption as a result of the COVID-19 pandemic and recent uprisings.

The Resilience Fund intends to fund loans up to $50,000 per small business for job retention and working capital needs.

Eligibility Criteria

To be eligible for this funding, small businesses must:

  • Be a business located in West Philadelphia zip code: 19104, 19131, 19139, 19143 and 19151
  • Minimum of 6 months in operations prior to COVID-19 pandemic
  • Have at least 1 employee (self-employed qualifies with a 1099 statement)
  • Active general liability insurance
  • No bankruptcies in the past 12 months or foreclosures in the past 24 months
  • Must prepare business recovery plan within 30 days of funding
  • Other criteria may apply

Loan Rates, Fees, and Terms

  • 0% interest rate 
  • No payments for 6 months
  • Loan terms up to 3 years
  • No prepayment penalty
  • No closing costs except for collateral filing fees

Before applying, Business owners should gather the following core documents:

  • 2020 & 2021 Signed Tax Returns
  • 2021 Financial Statements
  • 2022 Interim Financial Statements
  • Proof of Insurance
  • Schedule of Liabilities

West Philadelphia Resilience Fund Partners


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