City Spending: The Merchants Fund offers another round of grants to local businesses

Image via shelfconsumed.com.While the challenging economic times don’t seem to improving, The Merchants Fund (TMF) is offering local Philadelphia businesses another chance to stay in the black.

TMF, a private fund that evolved out of the Mercantile Beneficial Association, is set to award another round of grants to keep local Philly businesses stable and viable. The Fund was established in 1854 to provide grants to established Philadelphia businesses facing financial hardship.

This fall, they are awarding business stabilization grants, up to $10,000, as well as business loan matches, ranging from $10,001 to $20,000.

Grant applications are due Friday, Sept. 14, but a preliminary project discussion is mandatory first to strengthen applications and discuss project goals. Only businesses legally established for at least three years in Philadelphia are eligible.

For more information on TMF, how to apply for grants, and past funded projects, visit merchantsfund.org.