Steve Letavic
Susquehanna River
Smiling Kids
Sunset Park
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Posted Wednesday, March 25, 2020

Financial assistance for small businesses impacted by the corona virus

The PIDA-CWCA loan program is now accepting applications.  Please note this program is first come first serve and is expecting to have high demand.

PIDA COVID-19 Working Capital Assistance Fund (CWCA) -


Note: Must apply through a Certified Economic Development Organization. CEDOs in our area:

  • Cumberland Area Economic Development Corporation –

o Webpage -

o Email to send requests:

  • Capital Region Economic Development Corporation

o Intent to apply form at bottom of page:

o Email to send information:

o Website:

o Email to send information:

Eligibility Requirements

CWCA loans are available to Pennsylvania for-profit businesses with less than 100 full-time employees worldwide. Applicants will be asked to prove that they have spent the requested loan amount in the past 3 months on direct business expenses such as payroll, utilities, rent, inventory etc. Additionally, retail and specific service-based organizations will be asked to demonstrate a 1:1 match on business expenses over the past six months – i.e. such businesses will need to verify they spent at least $200,000 on direct business expenses in order to request the maximum $100,000 loan amount.

CWCA Loan Highlights

  • $100,000 maximum loan per business
  • 3 year term; 12 year amortization
  • No payments for initial 12 months; monthly amortized payments for the following 24 months; one sum payment for the remaining balance in the 37th month
  • 0.00% fixed interest rate for businesses; 2.00% fixed interest rate for production agriculture
  • Personal or corporate guarantees are required for all individual and/or corporate business owners owning greater than or equal to 20% of the applicant business

 A few notes on these loans:

  • Application guidelines are now available on the websites listed at the top of this page.

Businesses should note that loans will be allocated on a first come, first served basis state-wide. Demand is expected to far exceed supply and businesses will be turned away.

  • Applicants will need the following information:
  • A company profile sheet.
  • A summary of the economic hardships experienced by the business, including the business closure date (if applicable).
  • A signed W-9 form for the applicant business.
  • A signed business entity certification.
  • Most recent year financials (accountant prepared or filed tax returns).
  • Interim financials last full year statements through current OR an income statement.
  • A debt schedule summarizing existing business debt and required monthly payments.

For the guarantors (individual and/or corporate business owners owning 20% or more of the applicant business):

o A signed certification sheet

o Individual guarantors: a signed Personal Financial Statement dated within the last 12 months

o Corporate guarantors: most recent year of financial statements