Growth in Action Small Business Grants provide eligible organizations the opportunity to access up to $5,000 in funds to help grow their business or community during this uncertain time. In addition to the financial benefit of the grant, recipients will be invited to join round table discussions of best practices with the bank’s team of subject matter experts in areas ranging from investments to human resources to marketing.
Who We Are. Why We Care.
At Penn Community Bank, we believe in real partnership and rising to challenges in real time the way only a community bank can. We want current and potential customers alike to know that when we’re in your neighborhood, so is greater good banking. Growth in Action Grants are an extension of our core mission to be a catalyst for growth throughout communities we serve.
Growth in Action Grant Guidelines
Penn Community Bank is working to meet the needs of our customers and communities as they work to bridge the gap between the pandemic and what comes next. Please read this information carefully. It will assist you in determining if you meet our eligibility requirements and will help with the preparation of your application.
All interested businesses or organizations must complete the application by November 2, 2020. Applications include applicant information, organizational details, and an essay. Each applicant will be notified of the grant decision by mid-November 2020. The grant award decision will be made by committee of Penn Community Bank team members based on the applicant’s response to the essay prompt: How would you use this grant to help sustain and grow your business, improve your local economy and positively impact your neighborhood and community?
Grant Eligibility Criteria
Applicants must meet the following criteria:
- Be located and operate primarily in Bucks, Montgomery or their surrounding counties within Pennsylvania
- Organized or incorporated as any of the following: sole proprietorship, corporation, non-profit 501(c)(3) charitable organization, limited liability company, or partnership
- In operation for at least two years prior to application, and currently operating
- Annual revenues of less than $750,000, or fewer than fifty employees
Who Is Not Eligible?
Growth in Action Grants are not available for:
- Organizations not meeting the Grant Eligibility Criteria above
- Private foundations
- Golf tournaments, athletic events, leagues or team sponsorships
- Religious, political or fraternal organizations
- School-affiliated orchestra, band, choir, student trips, or tours
- Fundraising activities, galas, luncheons/dinners, or advertising sponsorships
- Conferences, workshops, exhibits, surveys, or consumer interest groups
- Endowments, capital, or building campaigns
- Organizations that collect funds for redistribution to other nonprofit groups
- Agencies, projects, or programs primarily financed by government sources
Grants subject to 1099 reporting.
Any relationship your organization may have with Penn Community Bank as a prospective, current, or past client will not increase the likelihood of selection to receive a grant under this program.
Applicants will be evaluated based on their application and other publicly available information.
By submitting this grant application, the applicant(s) authorizes the release of information to Penn Community Bank from any source, excluding credit bureau reporting agencies. The applicant(s) acknowledge(s) and understand that Penn Community Bank will be relying on the information provided herein in deciding to approve the grant and each of the applicants represents, warrants and certifies that the information provide herein is true, correct and complete. NOTICE: This application will be subject to the Federal Equal Credit Opportunity Act which prohibits discrimination against applicants on the basis of race, color, religion, national origin, sex, marital status, age: because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.