The Pennsylvania 30 Day Fund, a nonprofit organization trying to save small businesses affected by the COVID-19 pandemic and civil unrest, recently announced it will achieve two of its goals ahead of schedule.
It will have funded at least one business in each county by the end of the year, and it will have provided financial support to 1,000 small businesses. The organization provides $3,000 forgivable loans to small businesses to cover operating expenses, paying rent and healthcare,
payroll expenses and replenishing inventory.
“With the alarming rates of COVID-19 cases spiking across Pennsylvania, and the new statewide mandates for business closures, small businesses need more support than ever to keep their doors open,” Jeff Brown, PA 30 Day Fund co-founder and board member and CEO of Brown Superstores, said. “We are proud PA 30 Day Fund has been able to make a positive impact for businesses across Pennsylvania and look forward to continuing our work.”
As of Wednesday, the fund has provided loans to nearly 800 small businesses.
Spring Point Partners recently provided the organization with a donation. This brings the organization to more than $3.1 million raised.
These funds allow the organization to reach its goal of funding 1,000 businesses by 2021.