This is a message from Allegheny Alerts.
Governor Tom Wolf today requested that the U.S. Small Business Administration (SBA) implement an SBA disaster declaration to provide assistance in the form of SBA Economic Injury Disaster Loans for businesses and eligible non-profits in all 67 counties in Pennsylvania. SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
The application process will be facilitated online. Details on how to apply, as well as deadlines, will be established once the governor’s request is granted. In addition to making sure that this federal funding for small business assistance is available, the Wolf Administration is working with the General Assembly to make sure state funding is available for small business assistance too. Small businesses can apply through the Small Business First Fund (SBD), an existing PIDA loan program.
More information is available at www.dced.pa.gov/PIDA.