In recognition of the historical and systemic disinvestment in communities of color, as well as the inequitable access to capital experienced by BIPOC, immigrant, and women merchants, The Merchants Fund (TMF) prioritizes support to these business owners in an effort to address historic disparities and build wealth within these communities.
Donor Name: The Merchants Fund
State: Pennsylvania
City: Philadelphia
Type of Grant: Grant
Deadline: 09/30/2024
Size of the Grant: $1000 to $10,000
Grant Duration: 2 Years
Details:
To provide funding up to $10,000 to help a business stabilize in the face of adversity, take advantage of an opportunity to grow, or increase profitability.
Eligibility Criteria
- Located in Philadelphia
- Independently owned and operated
- Operates a storefront/physical location (food trucks & kiosks are eligible)
- In compliance with all federal, state, and local taxes (or on an approved payment plan)
- Has the required federal, state, and local licenses/permits to operate legally
- Annual revenue between $50,000 – $750,000
- Has been in operation for a minimum of two years
- Must be able to demonstrate financial need for a grant
- Has not applied for a Stabilization grant in this calendar year
- Has not received a Stabilization grant within the last 24 months
For more information, visit The Merchants Fund.
