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 email@example.com.
We encourage you to follow Montgomery County’s COVID-19 Dashboard for updated information. This includes public health and
POSTED June 1, 2020
This information was passed on to me over the weekend – the Federal Reserve Bank of Boston has put together a compendium of information on the Main Street Lending Program – you can find it here – https://www.bostonfed.org/supervision-and-regulation/supervision/special-facilities/main-street-lending-program/main-street-lending-program-overview.aspx. Please share this throughout your networks as we start the week (and the month). This lending program has a tremendous potential to help many businesses in Montgomery County.
POSTED May 31, 2020
COVID-19 Unemployment Series
Searching & Applying for Jobs Guide:
How to Land a Job:
Workforce Development Opportunities:
We wanted to reach out to individuals in King of Prussia who already look to you for reliable resources. Would you consider adding our COVID-19 Unemployment Series to http://www.montgomerycountychamber.org/resources/ or a similar page? We want to ensure that citizens of King of Prussia are supported and successful in returning to the workforce during this trying time.
Posted May 6, 2020
The Montgomery County Board of Commissioners announced that they are making available $5,000,000 in economic development funds to provide grants to eligible small businesses in Montgomery County for Round 2 of the MontcoStrong Small Business Grant Program. Round 2 grant awards will once again be administered by the Redevelopment Authority of Montgomery County in partnership with the Montgomery County Board of Commissioners and the Montgomery County Commerce Department.
Updates to the program for Round 2 include new eligibility parameters, strategically identified program priorities, and other changes that are being incorporated to make the program more equitable and also ensure more businesses have an opportunity to compete for funding. Changes include a tiered grant award system based on gross revenue, a maximum of 30 full and part-time employees, a greater emphasis on supporting minority, women, and veteran-owned businesses, and changes in allowable use of grant funds and business eligibility. Any business interested in applying should thoroughly review the guidelines to determine their eligibility and prepare to submit an application.
The updated guidelines, updated program FAQ, and additional information are available on the program webpage, https://www.montcopa.org/MontcoStrongSBGP. Links to the program webpage can also be found on the County’s COVID-19 data hub and the Montgomery County Commerce Department’s homepage.
For Round 2 applications will be accepted online beginning at 10am on Wednesday, May 13th, 2020 and the application window will close at approximately 6pm on Wednesday, May 13th, 2020.
Programs offered by Temple SBDC:
Startup Steps to Enhance and Maintain Your Credit During Covid-19
Offered every other Saturday at 9:00-10:00 AM (Every third one is offered in Spanish)
Offered every other Saturday at 10:30-11:30 AM (Every third one is offered in Spanish)
Save Small Business Fund
The U.S. Chamber of Commerce Foundation, with founding partner Vistaprint, has launched the Save Small Business Fund, a grant program to provide assistance to small business owners impacted by the coronavirus pandemic. Funded by contributions from corporate and philanthropic partners, the Foundation will distribute $5,000 grants to small employers in economically vulnerable communities in the United States and its territories. To see if your business location qualifies, visit the fund’s webpage. Areas included in the criteria include Bridgeport and Norristown.
Grant applications open on April 20, 2020. To qualify, applicants must employ between three and 20 people, be located in an economically vulnerable community, and have been harmed financially by the COVID-19 pandemic. Grants will be awarded weekly on a rapid and rolling basis until all funds have been disbursed. The application will take about 10 minutes to complete and will only require your business’s W-9 form and basic supporting information about your business.
To learn more about the Save Small Business Fund or apply for a grant, visit www.savesmallbusiness.com.
Montgomery County Announces MontcoStrong Small Business Grant Program
April 6th, 2020 – Recognizing the need to provide support to strengthen our local businesses and communities, Montgomery County is providing $1 million in economic development funds to provide grants to eligible small businesses. Administered in partnership with the Redevelopment Authority of Montgomery County with the Montgomery County Commerce Department, eligible applicants may apply for up to $25,000.
Applications will be accepted beginning on Wednesday, April 8, 2020 at 11 a.m.
This program has ended.
Paycheck Protection Program (PPP)
SBA has stopped accepting new applications. For the latest information visit the SBA website.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses.
The U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals check eligibility and prepare to file for a loan.
Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL)
- Businesses with fewer than 500 employees
- Cooperatives, ESOPs, and tribal small businesses with fewer than 500 employees
- Sole proprietors
- Independent contractors
- Most private nonprofits
- The maximum EIDL is a $2 million working capital loan at a rate of 3.75% for businesses and 2.75% for non-profits with up to a 30-year term
- Up to $200,000 can be approved without a personal guarantee
- Approval can be based on a credit score and no first-year tax returns are required
- Borrowers do not have to prove they could not get credit elsewhere
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.
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.
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
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:
- Overview of the virus along with links for what you should know, situation updates and other information.
- Update and Interim Guidance on Outbreak of Coronavirus Disease 2019 (COVID-19)
- Interim Guidance: Get Your Mass Gatherings or Large Community Events Ready for Coronavirus Disease (COVID-19)
- Communication Resources
Contact information: CDC 800-232-4636 | cdc.gov
PA Department of Health
- PA Department of Health COVID-19 Information for Business
- PA Department of Health COVID-19 Information Site
- The website includes important information that you can share with your employees and use for your organization.
- Letter to Businesses
PA Department of Health: 1-877-PA-HEALTH | health.pa.gov
- Montgomery County Coronavirus Information/Data Hub – https://data-montcopa.opendata.arcgis.com/pages/covid-19
- Montgomery County Information and Guidance for Employers – https://data-montcopa.opendata.arcgis.com/pages/covid-19-business
Small Business Administration (SBA)
- Coronavirus fact sheet – DOH
- Coronavirus (COVID-19) fact sheet – CDC
- What to do if you are sick with COVID-19
- Coronavirus (COVID-19) FAQ
- Preventing COVID-19 from spreading to others in communities
- Share Facts About COVID-19
- Interim Guidance: Get Your Household Ready for COVID-19
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.