Financial Assistance Available for Small Businesses/Employees

State

Creative Entrepreneur Accelerator Program Grants
The Creative Entrepreneur Accelerator Program is a new program funded by the Pennsylvania Council on the Arts (PCA), a state agency under the Office of the Governor, and administered regionally by the Pennsylvania Partners in the Arts (PPA), PCA’s statewide network of re-granting partners. Click here for more information or e-mail Leigh Fennie at The University of Scranton SBDC, a participating referral partner.

ARPA Child Care Stabilization Grants
The Office of Child Development and Early Learning (OCDEL) is making American Rescue Plan Act (ARPA) Stabilization Grants available to eligible child care providers. Click here to learn more. 

Creative Business Loan Fund
In partnership with Bridgeway Capital and Community First, the Pennsylvania Council on the Arts is pleased to announce the launch of the Creative Business Loan Fund. This fund makes available $2.2 million in the form of affordable, flexible financing to small, creative businesses across the commonwealth. Click here to learn more. 

Federal (SBA COVID-19 Relief Options)

Shuttered Venue Operators Grant Application Portal

As of August 20, 2021, SVOG is no longer accepting new applications; however the SVOG portal (click here) remains open to all active applicants and awardees and SBA will begin sending invitations for supplemental awards. SVOG supplemental awards are to be provided to those who received an initial grant and have illustrated a 70% loss when comparing 2021’s first-quarter revenues to the same in 2019. Supplemental award applicants can choose to apply for any amount up to 50% of their original SVOG amount, with a $10 million cap of the initial and supplemental awards combined, according to the law. The supplemental awards also allow SVOG recipients to extend the time to use their grant funds for expenses accrued through June 30, 2022 and lengthen their budget period to 18 months from the initial grant’s disbursement date.

The U.S. Small Business Administration officially opened the Shuttered Venue Operators Grant (SVOG) application portal on April 8, 2021 at 12 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the COVID-19 pandemic.

Economic Injury Disaster Loan (EIDL)

  • Click here for information.
  • EIDL loan and Targeted Advance applications will be accepted until December 31 and will continue to be processed after this date until funds are exhausted.
  • Supplemental Targeted Advance applications will be accepted until December 31; however, the SBA may be unable to process some Supplemental Targeted Advance applications submitted near the December 31 deadline due to legal requirements. The SBA cannot continue to process Supplemental Targeted Advance applications after December 31 and strongly encourages eligible small businesses to apply by December 10 to ensure adequate processing time.
  • Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
  • The SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.

Paycheck Protection Program (PPP)

The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. Click here for more information.

Local

We are not aware of any local programs at this time. Feel free to contact us if we are missing something!


Important COVID-19 Information for Small Businesses

Federal

State


Helpful Tools


Our Network & Partners


Checking on your Disaster Loan Status

  • Paycheck Protection Program Loan
    Contact your lender.
  • SBA’s Economic Injury Disaster Loan
    If you have already submitted an application for an SBA Economic Injury Disaster Loan (EIDL) as a result of the Coronavirus Pandemic, your request will be processed in the order it was received and you will be contacted once a decision has been reached. The SBA Disaster Customer Service Center is available to answer questions. Please have your loan application number available to expedite your inquiry.📞Call: 1-800-659-2955 or (TTY: 1-800-877-8339) or
    📧 Email: DisasterCustomerService@sba.gov

Items to gather as you prepare for obtaining financial assistance

  • Business financial records, tax returns, equipment/contents, employee information, etc.
  • Insurance policies, inventory and asset lists, client/customer information, profit and loss statements, etc.
  • Important Numbers: Your accountant, insurance agent, banker, SBDC Consultant, etc.

We’re here to help. Contact us today to set up a time to discuss your small business needs.

SBDC Business Consultants are available to assist existing clients as well as take on new clients and referrals.

Current SBDC Clients should reach out directly to their SBDC Business Consultant.

New requests for for-profit small business assistance can reach out to us as follows:

We also have interns available to help your business, supported by CARES Act Funding. Learn more here!

Please continue to reach out to The University of Scranton SBDC for small business assistance or to refer your clients or customers.