Pennsylvania 30 Day Fund Announces Distribution of 54 Forgivable Loans for Philadelphia-Area Childcare Centers
PHILADELPHIA (November 24, 2020) – Today, the Pennsylvania 30 Day Fund, a local nonprofit dedicated to saving jobs and supporting small businesses impacted by the COVID-19 and civil unrest crises, announced that it will be distributing forgivable loans, each totaling $3,000, to 54 local Philadelphia-area childcare centers to aid in funding indispensable needs and operational costs associated with ensuring the doors can remain open for these essential businesses during this challenging time.
The PA 30 Day Fund’s dedication to funding childcare centers complements the non-profit’s ongoing bi-partisan initiative to provide 1,000 forgivable loans, each in the amount of $3,000, to businesses across the Commonwealth by December 31, 2020. To date, the PA 30 Day Fund has distributed 670 forgivable loans to businesses in nearly every PA county, and with the addition 54 childcare loans, brings its total to 724.
“The COVID-19 pandemic has presented unimaginable challenges for small business owners, which have only been further compounded by recent civil unrest, and now many small business owners are in jeopardy of losing the businesses they have worked tirelessly to grow,” said Jeff Brown, Co-Founder & Board member of the PA 30 Day Fund and CEO of Brown Superstores, Inc. “Now, more than ever, it’s important that we come together to not only show our support but provide the necessary means to help keep their doors open. We have placed a specific priority on funding childcare centers to not only ensure continued stability and education for Philadelphia’s children, but also alleviate an added layer of stress for parents working hard to continue to provide for their families.”
“This year has introduced far-reaching personal, financial and economic impacts for Philadelphia families, and as the number of cases continues to rise, we need to consider the long-term implications this can have on children in terms of educational and personal growth, and take action to ensure we can mitigate negative impacts,” said Donna Cooper, Executive Director of the Public Citizens for Children + Youth. “It’s because of initiatives like the PA 30 Day Fund’s support of childcare centers, that children at these facilities will continue to have a safe space to learn while affording parents the time and ability to focus on continuing to create a stable home life through continued employment or aid, and we are so grateful for their commitment to our city’s youth.”
“We are immensely grateful to PA 30 Day Fund for the financial support during this time. Many other centers have been forced to close due to significant loss of private tuition, enrollment, and healthy staffing, however, because of this forgivable loan, we don’t have to. We are able to utilize these funds to maintain staffing, operations and keep our doors open, while also allowing us to provide essential single use PPE for both teachers and children,” said Rasheda Allen, CEO of Overbrook Little Learners.
The COVID-19 crisis, paired with the recent civil unrest, has put millions of small businesses and those they employ, at risk as they struggle to keep their doors open and jobs intact. With a second wave of rising COVID-19 cases, and the resulting restrictions and mandated closures of businesses in select industries, these next few critical weeks will impact millions of jobs. The forgivable loans offered by PA 30 Day Fund are more vital than ever to small businesses fighting to stay open. To reach its goal of 1,000 forgivable loans, PA 30 Day Fund is continuing to raise funds from donors who are interested in supporting valued small businesses.
To make a donation or to learn more about the non-profit and its mission to save Pennsylvania’s small businesses, please visit their website at https://pa30dayfund.com/ or follow them on Facebook, Twitter or Instagram at @PA30DayFund.
About PA 30 Day Fund
The Pennsylvania 30 Day Fund is a non-profit, founded by Jeff Bartos, Jeff Brown, Richard Phillips, and Roger Braunfeld, with a simple mission: to save as many small businesses in Pennsylvania’s communities as possible. The PA 30 Day Fund accomplishes this with $3,000 forgivable loans to small businesses to cover payroll expenses, healthcare, rent, replenish inventory, and pay operating expenses at this challenging time. To learn more about the PA 30 Day Fund, or to apply for a forgivable loan, please visit https://pa30dayfund.com/.
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