Narberth, Bala Cynwyd Small Businesses Get Coronavirus Relief

NARBERTH-BALA CYNWYD, PA — Some small businesses we stayed away from last spring finally got a boost, with many salons, spas, gyms, and our favorite diners benefiting from federal funding dispersed in the most recent Pennsylvania state budget.

A few small business in Narberth and Bala Cynwyd have received assistance from the federal CARES Act to help them weather the pandemic, including tattoo parlors, saloons, wellness centers, and chiropractic offices.

To qualify, businesses had to have had 25 or fewer employees in February 2020, and annual revenue of less than $1 million prior to COVID-19's impact, among other requirements.

The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program provides grants ranging from $5,000 to $50,000. The department released a list of recipients who'd received funds or signed a grant agreement as of Oct. 3.

The recently enacted Pennsylvania state budget included $2.6 billion in federal stimulus funds through the Coronavirus Aid, Relief, and Economic Security Act (CARES). Within this allocation, the state Department of Community and Economic Development has been allocated $225 million for COVID-19 relief to small businesses through a distribution to Community Development Financial Institutions (CDFIs).

The aid granted is to help cover operating expenses and to assist business owners in stabilizing or relaunching their business, in situations related to impact from the coronavirus pandemic.

The following Narberth and Bala Cynwyd small businesses have received CDFI funds:

Narberth

• Boujie Babes Salon LLC — $5,000
• Character Development — $35,000
• Haüs of Opulence Co. — $5,000
• Julia Pearl LLC, Fotografica — $5,000
• Margaret Connolly RCST, LLC — $5,000
• Narberth Bagel Company, Manhattan Bagel — $35,000
• Ohara Fitness — $5,000
• Sonae Hair and Organics — $20,000
• The Present Sage Acupuncture — $15,000
• Three Scoops Penn LLC, Ben & Jerry's — $25,000

Bala Cynwyd

• 555 Cafe Inc. — $25,000
• Bala134 LLC, Pescatore BYOB — $50,000
• Beautiful Secrets LLC, Redwood Beauty LLC — $20,000
• Fuwa Deli LLC — $20,000
• SY Crystal Inc., Crystal Nail & Spa — $25,000