3/25/2020: During today’s press briefing Governor Wolf announced the COVID-19 Working Capital Access Program will offer 0% loans up to $100,000
Montgomery County Department of Commerce: Working with economic development partners in southeastern Pennsylvania and the Pennsylvania Department of Community and Economic Development (PA DCED), Montgomery County companies are eligible to apply for the Pennsylvania Industrial Development Authority Coronavirus Working Capital Access program.
Any for-profit businesses located in PA and with 100 or fewer employees worldwide may qualify for disaster relief loans. Applications will be submitted by a designated CEDO on behalf of your business and the Montgomery County Commerce Department.
Loan Amount: The lesser of 3 months of working capital not to exceed a loan amount of $100,000
Interest Rate: 0% for all business types except Agriculture Producers
Amortization: 12 years
Term: 3 years
Learn more. Visit the Montgomery County Department of Commerce webpage-