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Merchants Fund grants available to help Frankford businesses

From Tracy O’Drain, Frankford CDC:

The next grant deadline for The Merchants Fund is Tuesday, March 15, 2011 (postmarked).

TMF has three core grant making areas for businesses that have been legally established for at least three years in Philadelphia:

Business Stabilization grants up to $10,000 to help small businesses remain stable, viable and grow in the face of economic challenges and opportunities or to respond to opportunities.  We do not make grants for working capital.

Business Loan matches up to $20,000 to match accredited government programs or bank loans at least dollar for dollar ($20,000 loan matched by a $20,000 grant).  TMF does not make loans.

Emergency grants between $1,000 and $20,000 to offset unavoidable harm caused by nature or man.  The staff must determine if your case fits the criteria for an emergency grant.  The downturn in the economic climate is not considered a valid reason for an emergency application. The application is no longer on the web site and can only be obtained from TMF by request.  Unsolicited and unqualified applications lead to this change in systems.

Please contact our offices if you are eligible and would like to complete an application.

Tracy O’Drain Managing Director Frankford CDC 4900 Griscom Street Philadelphia, PA 19124 215-743-6580 Office 215-743-6582 Fax