PIDA Loans Available for Small Business COVID-19 Disaster Relief
The Pennsylvania Industrial Development Authority (PIDA) has opened the application process for working capital loans up to $100,000 to help small businesses through the COVID-19 emergency.
Many companies will be applying for loans and the process is expected to be competitive, so the Lehigh Valley Economic Development Corporation (LVEDC) urges any Lehigh Valley companies interested in applying for these loans to do so as quickly as possible.
PIDA’s Small Business First Fund will provide $61 million to help businesses through the emergency. Under PIDA’s COVID-19 Working Capital Access Program (CWCA), for-profit small businesses with 100 or fewer employees worldwide could be eligible for working capital loans up to $100,000.
A detailed list of items required and forms that must be filled out as part of the application can be found on lehighvalley.org/covid19-pida, along with other details about the program.
Below are additional facts about eligibility and other details related to the loans. Any questions should be directed to firstname.lastname@example.org. We will respond to inquiries as they are received. Thank you for your patience.
What You Need to Know:
Additional resources and regional information related to the COVID-19 crisis can be found at lehighvalley.org/covid19