The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate here.
Struggling to get started? The following questions might help point you in the right direction. Do you need:
• Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you.
• A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant.
• To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.
• Just some quality, free counseling to help you navigate this uncertain economic time? The resource partners might be your best bet.
Applications will be processed on a first come first serve basis.
Start the Application Process Here: http://www.delcopa.org/covid-cwca.php
Capital Access Program Factsheet
NOTE: This is a state program. Small business can apply for both state loan programs and the federal programs, however, they cannot use the loan proceeds for the same “loss.” For example, if someone applies for the federal economic injury disaster loan to help cover rent for the next 6 months, they cannot then apply for PIDA and say it’s for rent.
The presence of the coronavirus (COVID-29) epidemic is being felt and making a significant impact on the daily lives of human beings across the globe. Starting in Wuhan, China and now hear in Delaware County, this outbreak has overwhelmed the health care industry.
Today, Delaware County has 80 confirmed cases of COVID-19 and that number is expected to soar as we have seen in states that boarder Pennsylvania like New Jersey and New York. Our health care professionals provide essential services to ensure the residents of our community are healthy and can live fulfilling lives year-round but right now they are facing a crisis. Supplies shortages are putting these professionals at risk and holding them back from being able to provide the type of care that is required for each patient.
Community stakeholders from across the county have volunteered their