Details on loan and grant programs for local businesses

Businesses in Conshohocken impacted by COVID-19 are eligible to apply for a loan through the Greater Conshohocken Economic Development Council, plus businesses in Montgomery County can apply for a grant through the county’s Montco Strong Small Business Grant Program. Below are details on both:

Loans through the Greater Conshohocken Economic Development Council

The Borough of Conshohocken Council, Greater Conshohocken Economic Development Council (GCEDC), and the Redevelopment Authority of Montgomery County (RDA) are offering loan opportunities to Conshohocken Borough businesses impacted by the COVID-19.

The loans are funded by the GCEDC and the RDA and will be processed on a first-come/first-served basis. Loan requests will be capped at $50,000 with a rate set 2.75% and a max of 24 months.

Full details on this loan program can be found here.

MontcoStrong Small Business Grant Program
To qualify for this grant program, businesses must a for-profit with a physical location in Montgomery County that was in operation on or before March 23, 2020. Businesses must also have experienced disruption due to the COVID-19, reported gross revenues not greater than $10,000,000 federal tax return, and employed no more than 30 people as of March 23, 2020, and as of the application date.

For full details on this grant program click here.