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Ben Franklin Technology Development Authority COVID-19 Venture Loan Program (BCVL)
Status:
Active
Posted:
Deadline:
Funding
Program:
Award Floor:
Ceiling:
4200000
Match Required?
Eligibility
Pennsylvania
States:
Entity Types:
Small businesses, For-profit organizations other than small businesses
Contact
Email:
Phone:
Source Type:
State
The Ben Franklin Technology Development Authority COVID-19 Venture Loan Program (BCVL) is a Commonwealth of Pennsylvania initiative intended to address the financing needs of technology-oriented businesses by increasing the amount of risk capital available. The BCVL operates pursuant to the statutory authority of the Ben Franklin Technology Development Authority (“BFTDA”). The goal of the BCVL is to immediately offer, in aggregate, $4.2 million to authorized managers of venture capital firms in order to assist venture portfolio companies located in Pennsylvania, allowing these companies to continue to operate despite challenges related to COVID-19.
Financial Info:
The Ben Franklin Technology Development Authority COVID-19 Venture Loan Program (BCVL) is a Commonwealth of Pennsylvania initiative intended to address the financing needs of technology-oriented businesses by increasing the amount of risk capital available. The BCVL operates pursuant to the statutory authority of the Ben Franklin Technology Development Authority (“BFTDA”). The goal of the BCVL is to immediately offer, in aggregate, $4.2 million to authorized managers of venture capital firms in order to assist venture portfolio companies located in Pennsylvania, allowing these companies to continue to operate despite challenges related to COVID-19.