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The COVID-19 Working Capital Access Program is now closed.
The COVID-19 Working Capital Access (CWCA) Program is administered by the Pennsylvania Industrial Development Authority (PIDA) and provides critical working capital financing to small businesses located within the Commonwealth that are adversely impacted by the COVID-19 outbreak.
All CWCA loan applications must be submitted through a Certified Economic Development Organization (CEDO). For the list of CEDO’s operating within Pennsylvania, please refer to the CEDO webpage.
Working capital, which for purposes of this program is considered capital used by a small business for operations, excluding fixed assets and production machinery and equipment.
An eligible small business enterprise is a:
You must be located in the Commonwealth of Pennsylvania and having 100 or fewer full-time employees worldwide at the time of submission of the application.
The maximum loan amount is $100,000.
Loan terms are three years with a 12-year amortization. In addition,
The interest rate for the program is 0% except for agricultural producers in which case the interest rate is 2% fixed for the life of the loan.
Loan applications are packaged by a CEDO that services the county your business is located in. The CEDO will work with you to determine if the CWCA loan program can assist with financing the needs of your business and will discuss with you in detail how the application process works. Visit the Certified Economic Development Organization webpage for a complete listing by county.
Questions about the program can also be directed to 717.783.5046.