Resources and Information for Local Small Businesses
The PA Department of Community and Economic Development has made $61 million available to Pennsylvania businesses through the Pennsylvania Industrial Development Authority (PIDA) COVID-19 Working Capital Access (CWCA) Program. The CWCA program targets businesses with 100 or fewer employees. Find out about eligibility, who to contact, and more below:
PROGRAM FACT SHEET
Help may also available to you from the U.S. Small Business Administration.
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide economic support to small businesses to help overcome the temporary loss of revenue due to the impact of the pandemic. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
The interest rate is 3.75 percent for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible.
CLICK HERE for more information about the Governor’s Disaster Declaration and the process for small businesses and nonprofits to obtain low-interest loans.
CLICK HERE to apply for Small Business Administration low-interest disaster loans.