City Spending: The Merchants Fund offers grants for Philly businesses

Image via technicallyphilly.comThe current economic situation can make running a successful business these days a challenge. But for established Philadelphia merchants, there is a local option for help. The Merchants Fund, a private foundation established in 1854, offers financial assistance to current Philadelphia merchants demonstrating legitimate financial need. In the past they’ve given grants to city favorites like Metropolitan Bread, Fabric Horse and Feast Your Eyes Catering. This winter they're offering two grant opportunities: a $10,000 Business Stabilization grant and a $10,001 to $20,000 Business Loan Matches grant.

The application deadline is Wednesday, February 15. However, all applicants must complete a preliminary discussion about their project and application prior to that date. This preliminary meeting helps focus and strengthen applications. For more information about The Merchants Fund and how to apply for the upcoming grants, visit merchantsfund.org. For printable applications and detailed guidelines, contact the Fund directly at info@merchantsfund.org or call 215-399-1339.