Financial Assistance Available for Small Businesses/Employees

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.
  • Application deadline extended through December 31, 2021
  • Are you looking to determine if your business is potentially eligible for a Targeted EIDL Advance? A new mapping tool is available to help you determine if your business is in a low-income community, which is a requirement to qualify for a Targeted EIDL Advance.
  • Effective immediately, applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov.Applicants should follow these instructions when requesting a reevaluation:
    • Send an email to TargetedAdvanceReevaluation@sba.gov
    • Use the subject line “Reevaluation Request for [insert your 10-digit application number]”
    • In the body of the email, include identifying information for the application such as application number, business name, business address, business owner name(s), and phone number
    • Important: Include an explanation and any documentation that addresses the reason for the decline, if available. SBA will contact applicants if additional documentation is required to complete the review.

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.

State

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. 

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.

Some additional ideas for short-term planning cash flow

  • Contact your insurance company now (leave a message or email) to ask whether you have business disruption insurance which may help;
  • Contact your banker now to discuss any resources they might have, such as temporary lines of credit, loan deferment options, etc.
  • Take a look at your operating costs now, to see what you might be able to cut back, stop, or pay less, but needed payments on;
  • Check with your local municipality now to confirm the extension of their tax date (federal and state now July 15);
  • Continue implementing compliance and protocols now for employee and customer safety;
  • Start considering what you can do now to move on your post-disaster marketing plan; keep your customers engaged as much as possible;
  • Talk with your suppliers and vendors now to see what you can do to manage payables.

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.