The COVID-19 Relief Pennsylvania Small Business Assistance Program is not brand new. Initially, it was anticipated to have four rounds of grants lasting until October 2020. The CARES Act passed in late March is providing the funding. $96 million has already been distributed with about $104 million remaining for small businesses.

However, like everything else in 2020, things have changed. Additional restrictions on bars and restaurants along with the falling GDP has caused Pennsylvania to rethink the distribution of these grants.

Now, instead of four rounds, there will be two rounds to get the money to those who need it. The first round is already complete. The second round opens on August 10, 2020.

Eligible Businesses

Your business must be physically located in Pennsylvania, certified to do business in Pennsylvania, and generate at least 51% of its revenues in Pennsylvania. It must also have had less than $1 million in annual revenuebeforethe pandemic and fewer than twenty-five full-time employees as of February 15, 2020.

Ineligible Businesses

  • Businesses that are in default with taxes or fees owned to Pennsylvania or the IRS (this does not include businesses on a payment plan).
  • Non-profits, churches, and other religious institutions
  • 政府拥有的实体
  • 与企业没有收入损失或由于COVID-19的额外费用
  • Businesses that are engaged in an activity that is illegal under Federal, State, or local law
  • 那些从事社会不良活动或在性质上属于掠夺性的,如典当行的业务,先租后买,和成人书店
  • Businesses that obtained a loan from Pennsylvania or any federal agency and are currently delinquent or have defaulted on in the past seven years on said loan
  • Businesses that are primarily engaged in the business of lending
  • Passive real estate companies and investors
  • Private clubs or businesses which limit the number of memberships for reasons other than capacity

What you need to know?

应用开幕August 10, 2020and are due bymidnight on August 28, 2020.

The grant decisions are being made by Pennsylvania nonprofit lenders (community development financial institutions). In Lancaster County, those lenders are Community First Fund and Assets Lancaster.

They are prioritizing businesses that

  • are owned by low- or moderate-income owners
  • are located in areas of need
  • were most impacted by the economic shutdown
  • 被人从历史上的弱势群体所拥有,并
  • are women-owned businesses

什么授予代理量能收到?

补助金数额将是$ 5,000,根据业务的年收入$ 50,000之间:

Eligible Business Annual Revenue 格兰特金额可用
Up to $50,00.00 $5,000.00
$50,001.00 to $75,000.00 $10,000.00
$ 75,001.00至$ 100,000.00 $ 15,000.00
$100,001.00 to $250,000.00 $20,000.00
$ 250,001.00到$ 500,000.00 $ 25,000.00
$500,001.00 to $750,000.00 $35,000.00
$750,001.00 to $850,000.00 $40,000.00
$850,001.00 to $1,000,000.00 $ 50,000.00

你可以用这笔资金是为了什么?

Your business may use the funds for:

  • 工资成本以及相关的团体医疗福利成本
  • 按揭利息(只要这些款项不是抵押贷款提前还款或本金)
  • 支付租金
  • Utility payments
  • Working capital to cover the costs of reopening the business after being fully or partially closed during the state-mandated business closures
  • 所有发生的费用与COVID-19,包括,但不限于,PPE,员工培训,以确保合规,专业设备,和障碍

如何申请?

  • Review the应用指令.
  • Provide a government-issued photo ID
  • 提供一个企业的财务信息:
    • 从月收入1 - 2019年3月31日
    • 从月收入1 - 2020年3月31日
    • Most recently submitted Federal Tax Return for business and personal.
  • 提供商业登记证明与国务院。
  • 提供银行帐户信息。

To apply with Community First Fund, click here.

与资产斯特申请,请点击这里.

蔻贝尔is an attorney atRussell, Krafft & Gruber, LLP在兰开斯特,宾夕法尼亚州。她获得法律学位,从斯泰森大学法律和实践学院在几个方面,包括Business,Commercial Real Estate,遗产规划Estate Administration.