We’re here for you in these uncertain times and we want to help see your business through the COVID-19 crisis. Community First Fund offers financing to small businesses in moderate to low income communities in central and eastern Pennsylvania. We focus on business loans for minorities, women, nonprofit organizations, community development, educational opportunity, access to food and healthcare resources, and affordable housing… all intended to help build healthy communities.
• Reading Small Business Emergency Fund
The Reading Small Business Emergency Fund is a new fund created by the City of Reading and Community First Fund to provide emergency financial relief to small “mom-and-pop” businesses located in Reading, PA. This fund will provide small and very small businesses access to forgivable loans at multiple funding levels to help them overcome the devastating economic impact of the COVID-19 pandemic.
Applications will be open from May 27th (8 a.m.) to June 10th (5 p.m.). Apply for a loan now!
This is NOT a first-come, first-served fund. Once the applications close on June 10th, all applications will be equally considered.
• Lancaster City Small Business Emergency Fund
The Lancaster City Small Business Emergency Fund is a new fund created by Community First Fund and our partners to provide emergency financial relief to small businesses in the City of Lancaster. This fund will provide small and very small businesses access to loans and grants to help them overcome the devastating economic impact caused by the COVID-19 pandemic.
Community First Fund will be administering the Small Business Loans portion of the fund.
Applications were open from April 29th (9 a.m.) to May 10th (11:59 p.m.). The application timeframe is now closed.
This is NOT a first-come, first-served fund. Once the applications close on May 10th, all applications will be equally considered.
For more information, visit the Lancaster City Small Business Emergency Fund website here: https://lancastercitysmallbizemergencyfund.com/
• SBA Paycheck Protection Program Loan
We are no longer accepting applications for the SBA Paycheck Protection Program. If you are seeking funding through the SBA Paycheck Protection Program, we encourage you to contact your local bank or credit union.
The U.S. Small Business Administration’s Paycheck Protection Program offers favorable financing for small businesses to help keep their workforce employed during the Coronavirus/COVID-19 crisis. Learn more about the program here: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp
Eligibility requirements for this program are as follows:
- This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by Coronavirus/COVID-19.
- Must be located in a Qualified Low Income Community.
- Loan applications beyond $500,000 will require special approval from Community First Fund senior management.
• Community First Fund Small Business Loan
If you are not applying for the SBA Paycheck Protection Program or one of the various local PA City Small Business Emergency Funds, Community First Fund offers a range of loans to support small businesses in our communities during these challenging times. Learn more about our loans.