| 215-348-9031 | 115 WEST COURT STREET | 2ND FLOOR | DOYLESTOWN, PA 1890 |
PIDA RateAdjustable Rate – 1.00%Fixed Rate – 2.00%SBA 504 Loan Rate10-Year Effective – 2.26%20-Year Effective – 2.50%25-Year Effective – 2.54%To discuss loan program contact Jim Pawlikowski, BCEDC Loan Manager, jjp@bcedc.com or 215.348.9031, ext 1010.
As Congress has approved a second round of PPP loans with a maximum new loan amount of $2 million, Greenbriar Capital is an approved agent for various lenders to package second round PPP loans. At NO COST to the borrower, Greenbriar Capital will consult with business owners to package their PPP loan for lender approval. Eligibility: In order to receive a PPP loan under this section, an eligible entity must: Employ not more than 300 employeesHave used or will use the full amount of its first PPP loan; andDemonstrate at least a 25% reduction in gross receipts in the first, second, or third quarter of 2020 relative to the same 2019 quarter. Provides applicable timelines for businesses that were not in operation in Q1, Q2, Q3, and Q4 of 20...
This is the time of year for sharing what you're thankful for, and you are at the top of our list!Sincerely,Your Friends at BCEDC
UPDATE: APPLICATION WINDOW IS OCTOBER 31 - NOVEMBER 12, 2020 Bucks Back to Work Round 3: Economic Support Program for Bucks County Small BusinessApplicants must be in Bucks County-primary operations and headquartered.Application window is open October 31- November 12, 2020.Prior recipients of Bucks Back to Work Funding Round 1 & 2 are NOT eligible.Grants up to $25,000.Annual Revenues $3,000,000 or less.Expenditures between March 27 - December 30, 2020 may be eligible.Grant funds must be utilized by December 30, 2020.
UPDATE: APPLICATION WINDOW IS OCTOBER 31 - NOVEMBER 12, 2020 Bucks Back to Work Round 3: Economic Support Program for Bucks County Small BusinessApplicants must be in Bucks County-primary operations and headquartered. Application window is open October 31- November 12, 2020. Prior recipients of Bucks Back to Work Funding Round 1 & 2 are NOT eligible. Grants up to $25,000. Annual Revenues $3,000,000 or less. Expenditures between March 27 - December 30, 2020 may be eligible. Grant funds must be utilized by December 30, 2020.
SBA Approves Simple 1-Page PPP Forgiveness Application for Loans of $50,000 or Less: The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. Wolf Administration Launches $2.2 Million Loan Fund Supporting Creative Small Businesses: the Creative Business Loan Fund will make available $2.2 million in the form of affordable, flexible financing to small, creative businesses (example: craft manufacturers, arts schools, architecture, design and fabrication firms, media companies, and visual and performing arts production agencies). The fund will prioritize creative businesses located in low-income communitie...
Growth in Action Small Business Grants provide eligible organizations the opportunity to access up to $5,000 in funds to help grow their business or community during this uncertain time. In addition to the financial benefit of the grant, recipients will be invited to join round table discussions of best practices with the bank's team of subject matter experts in areas ranging from investments to human resources to marketing.Who We Are. Why We Care. At Penn Community Bank, we believe in real partnership and rising to challenges in real time the way only a community bank can. We want current and potential customers alike to know that when we're in your neighborhood, so is greater good banking. Growth in Action Grants are an extension of our c...
If business is slow, you are experiencing financial difficulties, or facing potential employee layoffs, Pennsylvania's Shared-Work Program can help. Shared-Work allows you, the employer, to retain your workforce during a temporary slowdown and then quickly ramp up operations without the expense of recruiting, hiring and training new employees. At the same time, Shared-Work helps to protect your employees from the financial hardship of a full layoff. The Shared-Work program allows an employer to temporarily reduce the work hours of a group of employees and divide the available hours equally rather than laying off any employees. Employees covered by a Shared-Work plan receive a percentage of their Unemployment Compensation (UC) Weekly Benefit...
It's the final countdown—less than 8 months left to get it all done. At PECO, safety is our top priority. As part of our commitment to safety, we're continuing to monitor developments related to the coronavirus (COVID-19) pandemic and taking appropriate precautions to protect the health and safety of our employees, contractors and customers. Learn more about ways we can help. Don't let time run out on your chance to get financial incentives from PECO for making energy-efficient upgrades to your lighting, HVAC, refrigeration and more. Planning for, purchasing and installing equipment may take longer than you initially expect, but financial incentives from PECO will expire May 15, 2021, or earlier if funds run out. Connect...
CEO Access Network matches C-suite, established executives from Chamber member companies with small business owners from underrepresented populations in the Greater Philadelphia business community to drive business and create economic opportunity for regional businesses and residents. The Chamber is now accepting applications from disability-, LGBTQ-, minority-, veteran-, and women-owned small business leaders to participate in this year's cohort. Deadline: Friday, October 16, 2020 | 11:59 p.m. EST
These rates are in effect for loan applications received through September 30, 2020. For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options: For term loans with a regular amortization; Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the current 10-year treasury yield + 100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 1.75% for the life of the loan.Fixed interest rate for a seven (7) year period set at the 10-year treasury yield. After seven years, the rate will reset to the then-current 10-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate ...
Wednesday, September 9th 3:00-4:00 p.m. On Wednesday, September 9th at 3:00 PM, business owners throughout Bucks County are invited to a Zoom webinar to learn about the next round of Bucks Back to Work Small Business Grant in response to COVID-19. Business owners or their representatives are encouraged to email bucksbacktowork@buckscounty.org in advance of and during the webinar for any questions they have for the featured speakers. When submitting your question, please provide your name, the name of your business, and what municipality in Bucks your business is in. To RSVP for the webinar, please register on Eventbrite by 1:00 PM on Wednesday, September 9th. Zoom sign-in details will be provided to all businesses an hour before the event b...
SECOND ROUND APPLICATION WINDOW OPENS AUGUST 10TH The PA CDFI Network has announced that the second grant application window will open at 9:00 AM on August 10th and will remain open for 15 business days closing at 11:59 PM on August 28th. WHAT IF I ALREADY APPLIED? If you applied during the first application window you should receive notification of your application status by August 10th. You do NOT need to reapply in the second round. Qualified applications will be automatically rolled over into the next funding round for consideration. I HAVE NOT APPLIED YET. DO I EVEN QUALIFY? If you haven't yet applied, get your applications in Round 2! In order to get funds to businesses in need as quickly as possible, the second appli...
If you are a current manufacturer of supplies and products or can pivot your existing manufacturing capabilities to meet the necessary demand, the Pennsylvania DCED would like to hear from you. The PA Manufacturing Call to Action Portal will: Match manufacturers and distributors to fill specific supply chain needs to meet increasing demands for medical supplies and related products.Assist manufacturers that have workforce needs or gaps and aid them in identifying skilled workers.Identify manufacturers that can pivot or innovate to fulfill the demand for medical supplies and related products. Your response will help to facilitate the connections you need to overcome the challenges you are facing to help provide the critical supplies to ...
Governor Wolf announced the availability of $50M in grant funding through the COVID-19 PA Hazard Pay Grant Program. This program was established to help employers provide hazard pay to employees in life-sustaining occupations during the COVID-19 pandemic. This reimbursement-based grant is available to employers offering hazard pay during the eligible program period and will be administered by the Pennsylvania Department of Community and Economic Development (DCED). Applicants eligible to apply for grants are businesses, healthcare non-profits, public transportation agencies. Please apply through the Commonwealth of Pennsylvania's website; guidelines, application and F&Q are found here, COVID-19 PA Hazard Pay Grant Program. Do not submit...
The COVID-19 Relief Statewide Small Business Assistance Program is now open. Pennsylvania small businesses with 25 or fewer full-time employees, have annual revenues of $1 million or less, and were economically impacted by COVID-19 are encouraged to apply for relief. Grant awards will range from $5,000 to $50,000. It is not a first-come, first-served program. There will be multiple rounds of application windows, and applications will be prioritized and selected for funding based on the program criteria. The first application window will open on June 30th and will remain open for ten business days. All eligible businesses must apply through a Community Development Financial Institution (CDFI) in the county that their business is located. BCE...
COVID-19 Relief Pennsylvania Statewide Small Business Assistance - Fact Sheet The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. This is not a first-come, first-served program. There will be multiple rounds of application windows. The Pennsylvania CDFI Network is a coalition of 17 Community Development Financial Institutions (CDFIs) that will support small businesses throughout the Commonwealth to access the grant funds. For more information, links to participating CDFIs, and a sign-up to receive information, please visit: www.pabusinessgrants.com. Application window for the first round of f...
Piramal Enterprises Limited's (PEL) Pharma Solutions business, a contract development and manufacturing organization, has entered into an agreement with G&W Laboratories Inc. to acquire its solid oral dosage drug product manufacturing facility located in Sellersville, PA. According to the terms of the agreement, PEL, through one of its affiliates, would acquire at closing a 100% stake in the entity that operates the facility and owns the related real estate. This acquisition broadens the offering of Piramal Pharma Solutions (PPS) by adding solid oral dosage form capabilities (tablets and capsules) in North America. Until now, PPS' capabilities in solid oral dosage forms were all located in the UK and India. The Selle...
At this time, program details are still in development. The PA CDFI Network is currently working with the PA Department of Economic and Community Development in support of program implementation. State and federally backed small business grants that do not need to be repaid will become available through select financial institutions before the end of June. The goal is for the application process and portal to be open by July 1st for a set period of time-not first come, first served. Businesses can visit the central informational website www.pabusinessgrants.com through which businesses can learn more about the program and the CDFIs deploying the grants. Applications are not being accepted at this time. Businesses will be eligible to apply w...
Spectacular news out of Washington last night: SBA reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. "With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and non-profits will be able to receive these long-term, low interest loans and emergency grants – reducing the economic impacts for their businesses, employees and communities they support," said SBA Administrator Jovita Carranza. Remember, the SBA EIDL Loan and EIDL Advance is a separate program from today's Paycheck Protection Program. More flexible Use of Proceeds, longer repayment terms, and differe...
