On April 24, 2020, the House of Representatives signed the Paycheck Protection Program and Health Care Enhancement Act (the “PPP and HCE Act” or “Act”) into law. Here are some highlights regarding this new $484 billion Act.
The PPP and HCE Act includes $310 billion in additional funding for
The Lancaster Small Business Emergency Fund is a new fund composed of grants and loans designed to provide COVID-19 relief to small businesses located in the City of Lancaster. There is $1.45 million available in the fund, with $200,000 of that available as grants. The fund will offer the remaining amount as low interest and
On April 10, 2020, the GIANT Company and Team Pennsylvania, announced a $250,000 emergency grant program for companies in the food supply chain. The program will support farms, processors, and other small food businesses that are impacted by COVID-19.
If you are interested, the deadline is short, so you must complete the application quickly.
The U.S. Congress, as part of the CARES Act, has created the Paycheck Protection Program (“PPP”) to provide loan funds to small businesses to increase employee payroll retention during the COVID-19 pandemic. The program even offers forgiveness for the loan under certain conditions.
Small businesses under 500 employees (including sole proprietorships, independent contractors, and self-employed
The Small Business Administration is doing everything it can to establish programs that relieve some of the financial burden COVID-19 has caused the business community. One of the programs it is offering is the Economic Injury Disaster Loan (EIDL).
The EIDL is a working capital loan, and businesses can use it
The COVID-19 pandemic has created a challenging situation for small businesses across the Commonwealth and the United States, including closed courts. Most, if not all, businesses in Pennsylvania are struggling, but there are COVID-19 loan programs out there that can help with cash flow and payroll expenses. This post is a summary of some