We want to ensure you have the funding options to get your business back on track. Explore a variety of current resources below.
Paycheck Protection Program Federal
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. SBA is currently offering: o PPP First Draw Loans for first time program participants. o PPP Second Draw Loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan.
Shuttered Venue Operator Grant Federal
The Shuttered Venue Operators (SVO) Grant program was established by The Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the Small Business Administration’s Office of Disaster Assistance. Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Economic Injury Disaster Loans (EIDL) Federal
In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19).
Employee Retention Credit Federal
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer’s employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS.
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.