Round 2 application deadline is August 28th.
Pennsylvania small businesses are encouraged to apply for relief if they:
• Had 25 or fewer full-time employees prior to February 15, 2020
• Have annual revenues of $1 million or less, and
• Were economically impacted by COVID-19
All applications must be made through a Community Development Financial Institution (CDFI) in the county where their business is located.
If you applied during the first application window, you do not need to reapply. Qualified applications will be automatically rolled over into the next funding round for consideration.
The funds will be available through three programs:
$100M for Main Street Business Revitalization
$100M for historically disadvantaged business revitalization program
$25M for loan payment deferment and loss reserve program.
Eligible applicants are welcome to choose any CDFIs to apply through that they wish; the CDFI network is encouraging applicants to apply through the organization that would best fit their long term needs and so applicants are encouraged to take time and learn more about the CDFIs covering our county before choosing one to apply through. The CDFIs will be able to provide support & technical assistance for applicants through a dedicated assistance platform as part of their orchestration of the program.
The application window will be open for fifteen days. The program eligibility information, application requirements, and other pertinent information can be found on the program website, www.pabusinessgrants.com
