COVID-19 Business Assistance Resources

Thursday, March 19, 2020

Pennsylvania & Delaware County Businesses Now Eligible to Apply for SBA’s Economic Injury Disaster Loans

For businesses attempting to apply for the SBA’s Economic Injury Disaster Loans:

PA and DE have now been declared eligible disaster areas and can now begin the application process.

The following link continues to be the most efficient way to begin the application process:

https://www.sba.gov/funding-programs/disaster-assistance

Please note that Certified Development Companies like Seedcopa are not authorized to administer these loans. Should this change, Seedcopa will be sure to update you.

Benefits of the loan program continue to change, even as the White House and Congress continue to review options for small businesses. As of today, we do know that collateral will be required on larger loans and the program historically has a 5-month payment deferment available. We’ll continue to keep you updated.

The team at Seedcopa + SeedcoDE is serving you remotely. For up-to-the-minute developments, please visit our COVID-19 Small Business Toolkit and follow us on social media.


Wednesday, March 18, 2020
Please see the list of links for the latest from Chester County Government below.
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Tuesday, March 17, 2020

SBA to Provide Small Businesses Impacted by Coronavirus Up to $2 Million in Disaster Assistance

For businesses attempting to apply for the SBA’s Economic Injury Disaster Loans, please be aware that the system is experiencing an influx of requests that can slow the application process. The following link continues to be the most efficient way to begin the application process, and Seedcopa + SeedcoDE is recommending it to borrowers:

https://www.sba.gov/funding-programs/disaster-assistance

As of this writing, Pennsylvania and Delaware have not been declared to be eligible disaster areas yet, but applications are in process.

Certified Development Companies like Seedcopa are not authorized to administer these loans. Should this change, Seedcopa will be sure to update you.


Tuesday, March 17, 2020

Business Impact Assessment – COVID-19

The Chester County Economic Development Council, the Chester County government, and the Chester County Chamber of Business & Industry are conducting this survey to assess the impacts of Coronavirus (COVID-19) on local business.Your input will help us identify common challenges, improve our comprehensive response strategy, and deploy resources to address critical business needs.

Thank you in advance for your input. With your help, we are committed to doing our part to protect the public health and preserve and strengthen the economic health of our region.


Tuesday, March 17, 2020

Chester County Telephone Town Hall

On Tuesday, March 17, the Chester County Commissioners hosted a Telephone Town Hall to provide updated guidance on “essential services” and, more importantly, provide information about assistance programs that are available to help businesses navigate through these unprecedented times.

Missed the Telephone Town Hall?  Listen to it HERE.

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