Posts Tagged ‘vulnerable businesses’

COVID-19 Update: Working Capital Access Program (CWCA)

access_time Posted on: March 29th, 2020

COVID-19 Update: PIDA’s Working Capital Access Program (CWCA) The COVID-19 Working Capital Access Program (CWCA), administered by the Pennsylvania Industrial Development Authority (PIDA), is making $60,000,000.00 in working capital loans available to vulnerable small businesses located within the Commonwealth of Pennsylvania that have been adversely impacted by the COVID-19 pandemic. The maximum loan amount per business is up to $100,000.00 to help the small business overcome a temporary loss of revenue. The loan terms are three (3) years with a twelve (12) year amortization, with no payments due and payable during the first year. Principal and, if applicable, interest payments… read more »