Grants Available to Local Businesses through the Merchants Fund

Beginning February 1st, The Merchants Fund will be receiving applications for two different kinds of grants, Stabilization and Emergency Grants

STABILIZATION GRANTS

• Purpose of Stabilization Grant:

o Funding for specific projects or assets used to stabilize or grow the business

o Up to $10,000

• 3 grant cycles:

o Winter – Applications open February 1st to February 28th. Grant decisions and

disbursements made by March 31st.

o Spring – Applications open May 1st to May 31st. Grant decisions and

disbursements made by June 30th.

o Summer – Applications open Aug 1st to August 31st. Grant decisions and

disbursements made by September 30th

EMERGENCY GRANTS

  • Purpose: Funding to assist in emergency or disaster situations such as floods, fires, or extended business interruption due to public works projects

o Up to $10,000

• Applications reviewed as submitted

• Grants made pending available funding

BUSINESS ELIGIBILITY CHECKLIST

o Located in Philadelphia

o Independently Owned and Operated

o In operations for a minimum of two years

o Is the owner’s primary source of income

o Operates a storefront or physical location (food trucks and kiosks are eligible)

o Is in compliance with all federal, state, and local taxes (or on an approved payment

plan)

o Has the required federal, state, and local licenses and permits to operate legally

o Has been in current operations for the last 90 days and plans to continue operating

o Made no less than $75,000 in total sales (also known as revenues) in the last tax year

and no more than $750,000 in the last tax year

o Must be able to show a financial need for the potential grant.

REQUIRED DOCUMENT CHECKLIST

o Signed W-9 for business

o 2022 Federal Tax Return for Business or 2022 Profit & Loss Statement

o 2021 Federal Tax Return for Business

o 2023 Interim Profit & Loss Statement

o 2022 Personal Federal Tax Return (if available)

o 2021 Personal Federal Tax Return

For more information contact Steve Kuzmicki at steven@southwestcdec.org

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