This week, the Paycheck Protection Program resumed accepting applications, following the signing of the program's extension legislation. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020. 

To access the application or to learn more about the program, designed to provide a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 crisis, please visit the Small Business Administration's website.


https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

The Paycheck Protection Program authorizes up to $349B toward job retention and certain other expenses to assist small businesses. Eligible parties include small businesses and eligible nonprofit organizations, veterans organizations and tribal businesses described in the Small Business Act in addition to self-employed individuals and independent contractors, provided they all meet program size standards.

Info:
 
Application:

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To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.

“The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and non-profits that are facing economic disruption due to the COVID-19 impact. With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and non-profits will be able to receive these long-term, low interest loans and emergency grants – reducing the economic impacts for their businesses, employees and communities they support,” said SBA Administrator Jovita Carranza. “Since EIDL assistance due to the pandemic first became available to small businesses located in every state and territory, SBA has worked to provide the greatest amount of emergency economic relief possible. To meet the unprecedented need, the SBA has made numerous improvements to the application and loan closing process, including deploying new technology and automated tools.”

For more information:
https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sbas-economic-injury-disaster-loans-and-advance-program-reopened-all-eligible-small-businesses-and?utm_medium=email&utm_source=govdelivery

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The new loan program created by CFA and PIDA to support small businesses is not the only financial resource for businesses affected by the COVID-19 public health emergency. The U.S. Small Business Administration (SBA) is also offering loans to businesses and non-profits during this unprecedented time in our nation’s history.

Additional information on the SBA loan program is available by contacting the disaster assistance customer service center by calling 1-800-659-2955 (TTY: 1-800-877-8339) or e-mailing This email address is being protected from spambots. You need JavaScript enabled to view it..

The Penn State Small Business Development Center will hold a free webinar on the process of applying for SBA emergency loans on Wednesday at 10:30 a.m. It covers who is eligible, timelines, and how to estimate economic loss, and questions will be answered via live chat. Participants must register by 8 a.m.

Registration and more information is available here.

Each state’s governor, including the Commonwealth of Pennsylvania, has the option to apply to the federal government to declare Pennsylvania counties eligible for SBA’s Economic Injury Disaster Loans (EIDL). Once a declaration is made, businesses can apply online at https://disasterloan.sba.gov/ela. If your business has been affected, you may email the Pennsylvania Department of Community and Economic Development to submit information regarding that at This email address is being protected from spambots. You need JavaScript enabled to view it., using the attached form “ESTIMATED DISASTER ECOMOMIC INJURY WORKSHEET.” Information on the EIDL program is explained in the News Release below my signature block. To prepare for the online application, businesses are also encouraged to review the SBA Disaster Business Loan Application forms at https://disasterloan.sba.gov/ela/Information/PaperForms.

Resources
SBA Disaster Assistance Resources for Businesses (PDF)
Estimated Disaster Economic Injury Worksheet (PDF)
Business One Stop Shop Brochure - DCED (PDF)

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Wayne County moves to Yellow Phase. Governor Tom Wolf announced 12 additional Pennsylvania counties will move to the yellow phase of reopening at 12:01 a.m. on Friday, May 22. Those counties include Adams, Beaver, Carbon, Columbia, Cumberland, Juniata, Mifflin, Perry, Susquehanna, Wyoming, Wayne, and York. Twenty-four counties moved into the yellow phase of reopening on May 8 and another 13 moved to yellow beginning today.

With these additional 12 counties, there will be a total of 49 counties in the yellow phase. The remaining 18 counties are in the red phase.

“Through our social distancing efforts, we have not only reversed a trajectory of exponential new case growth – we have cut it in half,” Gov. Wolf said. “And some of the counties that will be shifting into the yellow phase next week eliminated concerns that we had just two weeks ago. So please, keep up your efforts in the fight so we can continue to add counties to the list of those in the yellow phase. Thank you again for your patience and your hard work.”

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Local education agencies can apply now for a share of $523.8 million in one-time emergency funds from the federal government to help schools respond to the COVID-19 crisis. He funding can be used for food service, professional training, technology purchases, sanitization and cleaning supplies, summer and after-school programs and mental health supports.

More information and applications are available here:

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This is a list of the businesses that are allowed to reopen in Pennsylvania.

https://www.scribd.com/document/452553026/UPDATED-8-45pm-May-11-2020-Industry-Operation-Guidance

https://www.governor.pa.gov/newsroom/governor-announces-may-1-statewide-reopening-of-limited-outdoor-recreational-activities-to-help-pennsylvanians-maintain-positive-physical-mental-health/


Outdoor activities like golf and camping will be authorized to reopen on Friday, May 1 with proper safety protocols in place.

Golf courses, marinas, guided fishing trips, and privately owned campgrounds may reopen statewide today and are required to follow updated life-sustaining business guidance. Information for outdoor recreational industries is available in a FAQ issued by the state.

https://www.scribd.com/document/452553495/UPDATED-8-45-PM-May-11-2020-Life-Sustaining-Business-FAQs

Campgrounds in state parks will remain closed through Thursday, May 14.

Business owners can get clarification on whether their business is defined as life-sustaining by emailing the Department of Community and Economic Development at This email address is being protected from spambots. You need JavaScript enabled to view it. or calling 1-877-724-3258. An online waiver application for businesses that believe they should be considered life-sustaining is available here.

The list of businesses that are considered to be life-sustaining was also updated to reflect oversights in the initial list provided by the governor’s office. A number of industries that are critical to medical and manufacturing supply chains were initially excluded. The updated list is available here.

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The Federal Reserve announced more details on the Main Street Lending Program for small and mid-size businesses, which is due to launch “soon.” Businesses with up to 15,000 employees or up to $5 billion in annual revenue are now eligible for one of the three lending options (determined by loan size, minimum is $500,000) from this program. The four-year loans will carry a rate of LIBOR + 3%. Click here for more information:

https://www.federalreserve.gov/newsevents/pressreleases/monetary20200430a.htm

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