PA Small Business Loan Assistance now open

A short time ago, the application for grants to offset lost revenue caused by the COVID-19 pandemic and the resulting shutdown order became available. The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19.

The application requires you to apply through one of the members of the Pennsylvania CDFI Network, a coalition of 17 Community Development Financial Institutions (CDFIs) that are participating in this program. The application will be identical no matter through which CDFI you apply and all applications will be entered into one “pool” for a competitive review. There are a number of CDFIs that identify Chester County as a service area. The Chester County Economic Development Council (CCEDC) has worked with these three in the past:

To view the full list of CDFIs that service Chester County and to start your application, CLICK HERE.

Please note that this is not a first-come, first-served program and that there will be multiple rounds of application windows. The application window for the first round of funding will remain open for 10 business days. Please visit https://pabusinessgrants.com/ to stay apprised of news and updates.

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