COVID-19 Update: PIDA’s Working Capital Access Program (CWCA) The COVID-19 Working Capital Access Program (CWCA), administered by the Pennsylvania Industrial Development Authority (PIDA), is making $60,000,000.00 in working capital loans available to vulnerable small businesses located within the Commonwealth of Pennsylvania that have been adversely impacted by the COVID-19 pandemic. The maximum loan amount per business is up to $100,000.00 to help the small business overcome a temporary loss of revenue. The loan terms are three (3) years with a twelve (12) year amortization, with no payments due and payable during the first year. Principal and, if applicable, interest payments… read more »
COVID-19 Update: Aid to Vulnerable PA Businesses Announced
COVID-19: Aid to Vulnerable Businesses Announced Many businesses in York County and across the Commonwealth have already been deeply impacted by the COVID-19 pandemic, as so many businesses have been forced to close their doors. The Pennsylvania Industrial Development Authority (PIDA) has already stepped forward to announce assistance in the form of working capital loans. These loans are available in amounts up to $100,000 with an interest rate as low as 0%. The loans are targeted to for-profit businesses with less than 100 full-time employees. Eligibility will require the applicant to demonstrate that they have spent an amount equal to… read more »
