We want to ensure you have the funding options to get your business back on track. Explore a variety of current resources below.
Main Street Lending Program Federal
The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. Also listed is an FAQ document, intended to address frequently asked questions (FAQs) about the Main Street Lending Program (Main Street or Program), including the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF).
PA 30 Day Fund Non-Profit
The funds dispersed to small businesses by the Pennsylvania 30 Day fund do not need to be repaid. If businesses who receive the Fund’s assistance do, at a later date, wish to “pay it forward” to another Pennsylvania small business in need of assistance, they may do so by directing those dollars back to the Fund, which will disburse the funding to another Pennsylvania business in need.
MANTEC CARES Act Aid Local
MANTEC is inviting South Central PA based US small-and medium-sized manufacturers to apply for CARES Act Recovery Assistance services that directly support the manufacturer’s ability to recover from the coronavirus. Eligible recipients include manufacturers, producers, and value-add processors in agriculture, food and beverage, aerospace products and parts, wood and paper products, chemical manufacturing, pharmaceutical, and medicine manufacturing, maritime, clean technology, and more. The opportunity to attain support will remain open until the funding supporting the services is no longer available.
Economic Injury Disaster Loans and Advance (EIDL) Federal
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are able to apply. SBA began accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on June 15 to qualified small businesses and U.S. agricultural businesses.
Pennsylvania’s COVID-19 Dairy Indemnity Program Agriculture
Funded at $15 million through the state’s CARES allocation, the Dairy Indemnity Program is to provide financial relief to any dairy farmer who experienced a loss, due to discarded or displaced milk, during the COVID-19 Emergency Declaration. Please note: Applications postmarked after September 30, 2020 will not be processed. If you have any questions or need additional information, please contact Morgan Sheffield of PDA at 717-787-3568 or by email at firstname.lastname@example.org.
Pennsylvania Fresh Food Financing Initiative Agriculture
The Fresh Food Financing Initiative COVID-19 Relief Fund — funded through the CARES Act — is available to for-profit, nonprofit, or cooperative entities impacted by COVID-19, including grocery stores, corner stores, convenience stores, neighborhood markets, bodegas, food hubs, mobile markets, farmers markets, on-farm markets, urban farms, and food aggregation centers with a direct connection to direct-to-consumer retail outlets.
Federal CARES Act State
The Federal CARES Act provides enhanced Unemployment Compensation (UC) benefits and Pandemic Unemployment Assistance (PUA) for Pennsylvanians.
SBA Coronavirus Funding Options Federal
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. In addition to PPP and EIDL Loan Advance, there are additional options like SBA Express Bridge Loans and SBA Debt Relief.
USDA $1 Billion Loan for Rural Businesses and Ag Producers Agriculture
USDA is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry (B&I) CARES Act Program provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
USDA Coronavirus Food Assistance Program (CFAP) Agriculture
Are you a farmer or rancher whose operation has been directly impacted by the coronavirus pandemic? The Coronavirus Food Assistance Program provides direct relief to producers who faced price declines and additional marketing costs due to COVID-19. USDA is accepting applications now through September 11. Producers should apply through the Farm Service Agency at their local USDA Service Center.
This offers grants of up to $10,000 each to small business owners, especially in rural communities and to enterprises owned by women and minorities, to help meet their most immediate needs.
Here is a list of resources that have since closed. We wanted to let you know that these past resources are not currently available in case you have previously explored these options for your business.