PA Small Businesses Get Loan Help During Coronavirus

HARRISBURG, PA — In Pennsylvania, 160 companies in 43 counties were awarded $13.5 million in low-interest loans during the second round of a coronavirus-relief program, state officials announced Sunday.

The funding comes from the COVID-19 Working Capital Access Program, Dennis Davin, secretary of the state Department of Community and Economic Development, announced.

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In all, $23 million has been awarded through the program to restaurants, wellness centers, wineries, breweries, salons, spas and other businesses hit hard by the coronavirus shutdown.

"These loans will help businesses in the commonwealth quickly access capital to address their critical needs while we continue to follow the governor and health secretary’s orders," Davin said. "Small businesses are the fabric of our commonwealth, and the Wolf administration is committed to supporting them to the fullest extent during this unprecedented time."

A list of approved projects can be found here. New disbursements are highlighted in yellow.

On March 25, Gov. Tom Wolf announced that the Commonwealth Financing Authority had authorized the transfer of $40 million to the fund. Another $61 million was set aside to provide loans of $100,000 or less to for-profit businesses with 100 or fewer full-time employees.

State staff is continuing to review applications for the loans. Information on future awards will be released as it becomes available.

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