PAEDCO to issue grants to qualifying business owners within the Borough of Phoenixville to assist in rent relief during the COVID-19 pandemic up to $10,000 in grants.
To apply qualifying businesses must provide:
-Business name
-Contact information
-Landlord point of contact
-Lease agreement
-Please explain why you do not qualify for other assistance under SBA guidelines
-Is the business owner occupied? Yes or No
PAEDO will provide the following:
-Rent relief on a month to month basis up to 65% of the lease payment
-For owner occupied businesses this grant is a percent of the interest on the debt and not the principal.
Deadline to apply will be April 3, 2020
Apply via email mail to Kurt at kkunsch@phoenixfed.com