A grant program for Philadelphia’s businesses impacted by Hurricane Ida

The Merchants Fund (“TMF”) seeks to provide grants of up to $5,000 to businesses in Philadelphia that have suffered direct physical damage and/or inventory losses from flooding related to Hurricane Ida. *Given the overwhelming need facing so many business owners, please note that grant funding is not guaranteed.

If you have applied for state or federal assistance (PEMA/FEMA), or plan to, it is possible that a grant from TMF could impact the amount that federal agencies will pay you in assistance. Should you be awarded a grant from TMF, you acknowledge that accepting grant funds may have this impact.


Eligibility
Businesses must:

  • Occupy a storefront, retail, or commercial space physically located in Philadelphia.
  • Have experienced direct physical damage or inventory loss due to Hurricane Ida, with priority focus on flood damage and/or losses not covered by insurance.
  • Be an independently-owned and operated for-profit business or franchise.
  • Be in compliance with all local, state, and federal taxes (or on an approved payment plan).
  • Have the required federal, state, and local licenses and permits to operate legally.

Program Priorities
Due to very limited funding, this disaster relief grant program will prioritize businesses:

  • That suffered physical damages or loss of inventory that is not covered by insurance.
  • Where TMF’s modest sized grants can have the greatest impact (i.e. total cost of damages relative to grant size).
  • That have an annual revenue of less than $1,000,000.

Where and How to Apply

  • Beginning Tuesday, September 28, business owners can apply online through the following link: https://webportalapp.com/webform/tmfgrant_disaster_relief_app. The deadline to submit applications is 11:59 p.m. EST on Sunday, October 10, 2021.
    • The online application is simple and is estimated to take approximately 20 minutes to complete. *Please be advised that the online form DOES NOT have a “Save Draft” option, thus we strongly recommend that you plan to fill out the application in one full sitting to avoid losing any of your previously entered data.
  • All submitted applications will be reviewed after October 10th. The program is not first-come, first-served.
  • Grant awards will be announced the week of October 18th.

What You’ll Need to Apply:

  • Basic information about your business, such as: type and structure of business, annual revenue, number of employees, etc.
  • Description of the damage incurred due to the hurricane, as well as photos of all damage reported.
  • Estimated cost of repair for the sustained damages and losses.
  • If you have insurance, a basic understanding of coverages and out of pocket expenses relating to the damage, as well as any documentation of claims filed.
  • A copy of your most recently filed tax return.

*Applicants must sign an affidavit certifying that all information provided is true and accurate.

Download a PDF version of the application for review: Disaster Relief Application Form

Acceptable Use of Funds
Funds can be used for business expenses incurred, or to be incurred, as a result of Hurricane Ida, such as: 

  • restoring property
  • replacing inventory, furniture/fixtures, and other assets
  • insurance deductibles
  • general operating expenses while the business is/was unable to operate (e.g. rent, utilities, payroll, etc.)

For questions about the grant program or for assistance needed with the application, please contact TMF’s Grants & Operations Manager at grants@merchantsfund.org.

Additional Disaster Relief Support and Resources