HARRISBURG – Small businesses impacted by the spread of coronavirus and subsequent efforts to contain it may now apply for 0% interest loans from the Commonwealth, Rep. Ryan Warner (R-Fayette/Westmoreland) announced today.

The COVID-19 Working Capital Access (CWCA) Program is being administered through the Pennsylvania Industrial Development Authority (PIDA). Funds are limited and will be awarded on a first-come, first-served basis to qualified businesses employing 100 or fewer full-time employees. This includes businesses in the agricultural, service and hospitality sectors.

The maximum loan amount is $100,000 for working capital with a 0% interest rate, subject to the statutory requirement for the agriculture sector, and a term of three years.

All PIDA loan applications must be submitted through a Certified Economic Development Organization (CEDO). For the list of CEDO’s operating within Pennsylvania, please refer to www.dced.pa.gov/CEDO

More information about the CWCA Program is available at https://dced.pa.gov/programs/covid-19-working-capital-access-program-cwca/.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.