coronavirus-resources

Business Resources for COVID-19

We will do our best to keep this list as up-to-date as possible as the current situation unfolds.
Our staff is working remotely, from 9am to 5pm. You can reach us by phone at 610-265-1776 and by email at info@montgomerycountychamber.org.

You may also email our staff directly.
Ryan Rosenbaum, Executive Director, Ryan@montgomerycountychamber.org
Janet Greenwood Gala, Director of Marketing, janet@montgomerycountychamber.org.

We encourage you to follow Montgomery County’s COVID-19 Dashboard for updated information. This includes public health and
https://data-montcopa.opendata.arcgis.com/pages/covid-19

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Posted 4.1.2020

Guide to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The Small Business Administration (SBA) and the Department of Treasury have begun releasing the information that will guide the programs created through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

To stay up to date on the implementation of these programs, please visit the following websites:

  • SBA – here you will find information on all COVID-19 related programs that SBA is providing, including the Paycheck Protection Program, Economic Injury Disaster Loans, and Emergency Grants, and Small Business Debt Relief.
  • Department of Treasury –  here you will find information on the Paycheck Protection Program, as well as other tax provisions meant to help employers, including non-profits.

To help small business owners and entrepreneurs better understand the new programs that will soon be available to them, we have created a comprehensive guide to many of the small business provisions in the CARES Act that was passed by Congress on March 27. These programs and initiatives are intended to assist business owners with whatever needs they have right now.

While these programs are being implemented, you may continue to use this guide as a source of information about the major programs and initiatives that will soon be available from the SBA and Treasury. Once complete guidance has been announced for all of the programs, we will update the guide to reflect that guidance.

Download the Guide Here

Introduction from the Guide

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate here.

Struggling to get started?

The following questions might help point you in the right direction. Do you need:

• Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you.

• A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant

• To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.

• Just some quality, free counseling to help you navigate this uncertain economic time? The resource partners might be your best bet.

Need a business counselor to help guide you through this uncertain time, you can turn to your local Small Business Development Center (SBDC), Women’s Business Center (WBC), or SCORE mentorship chapter.  Here is a link to Pennsylvania’s SBDC webpage which offers free webinars to help business owners. Here is the link to Temple University’s SBDC.

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On Wednesday, March 25, Governor Tom Wolf announced that new funding is available to help small businesses impacted by the novel coronavirus, COVID-19, through a new program under the Pennsylvania Industrial Development Authority’s (PIDA) Small Business First Fund, the COVID-19 Working Capital Access Program (CWCA).
The Commonwealth Financing Authority (CFA) recently authorized the transfer of $40 million to the Small Business First Fund for CWCA. PIDA authorized making $60 million available to provide loans of $100,000 or less to for-profit businesses with 100 or fewer full-time employees.
Funds are expected to become available this week.
The COVID-19 Working Capital Access Program offers 0% loans for up to $100,000.
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SBA Disaster Loan Webinar and Pennsylvania State Financing Programs to help Small Businesses with COVID 19

Sign up for a FREE webinar to help you apply for state small business loans https://pasbdc.ecenterdirect.com/events

Visit Temple University’s Small Business Development Center for a list of webinars
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We have been asked by the Montgomery County Department of Commerce to share this survey with our members.
If you own a business please fill it out. Thanks.
Please complete this survey to the best of your ability to describe the impact of COVID-19 on your business. Use projections or estimates if you are unsure, or indicate “N/A”. Thank you for taking the time to complete this survey and work with us — Southeast Pennsylvania’s Economic Development Community 
Southeast PA Regional Business Impacts of COVID-19 Survey

The following are resources that provide helpful information you may need to navigate the current situation.

US Chamber of Commerce Foundation:
Guidance for Employers to Plan and Respond to Coronavirus

Centers for Disease Control and Prevention– Resources that explain the outbreak of the coronavirus
How to best get your business prepared:

Contact information: CDC 800-232-4636 | cdc.gov

PA Department of Health

PA Department of Health: 1-877-PA-HEALTH | health.pa.gov

Montgomery County

Small Business Administration (SBA)

2020 Employer Response to the Coronavirus Webinar 

Resources:

The information provided on this website does not, and is not intended to, constitute legal or medical advice; all information, content, and materials on this site are for general informational purposes only.