HARRISBURG, Pa. - Small businesses struggling amid the outbreak of the novel coronavirus will have a chance to apply for loans under a new program.
Governor Tom Wolf said Wednesday that for-profit businesses with 100 or fewer full-time employees will be able to apply for loans of $100,000 or less under the COVID-19 Working Capital Access Program.
The Commonwealth Financing Authority authorized the transfer of $40 million to the Pennsylvania Industrial Development Authority’s Small Business First Fund for the program.
The administration expects the funds to be available starting this week.
All loan applications must be submitted through a Certified Economic Development Organization.
As of midnight Wednesday, there are 276 additional positive cases of COVID-19, bringing the statewide total to 1,127 in 44 counties.
The Department of Health also reported four new deaths, bringing the statewide death total to 11. All people are either in isolation at home or being treated at the hospital.
Gov. Wolf has issued stay-at-home orders for 10 counties: Allegheny, Bucks, Chester, Delaware, Erie, Lehigh, Monroe, Montgomery, Northampton, and Philadelphia counties.
The newest order, for Lehigh and Northampton counties, takes effect at 8 p.m. Wednesday. All orders will continue until April 6.