Local & State Financial Assistance Application Deadlines are This Month
Businesses in Columbia and Montour counties can apply for financial assistance through several programs. Application deadlines are on various dates in the month of August.
The Commissioners in each county have allocated dollars from the CARES Act to provide financial assistance in the form of grants for up to five months of fixed costs for small and tourism-oriented businesses.
Businesses that received funds through either the Paycheck Protection Program or Economic Injury Disaster Loan program are eligible for funding through these county programs. Businesses that did not receive funds through either of these programs are eligible for an additional 5%.
Columbia County businesses can receive up to $100,000 and the application deadline is 11:59 p.m. on Monday, August 10th.
Montour County businesses can receive up to $15,000 and the application deadline is 11:59 p.m. on Tuesday, August 18th.
Additional details and the applications are available through the Central Susquehanna Community Foundation’s website.
For questions about the grant application, contact Christine Orlando, CSCF Senior Program Officer, corlando@csgiving.org, 570-752-3930, ext. 2.
Programs for non-profit organizations in the two counties will be announced later in August.
The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program provides grants ranging from $5,000 to $50,000. The second application window will open at 9:00 a.m. on August 10th and will remain open for 15 business days closing at 11:59 p.m. on August 28th.
If you applied during the first application window, you do not need to reapply. Qualified applications will be automatically rolled over into the next funding round for consideration.
In order to get funds to businesses in need as quickly as possible, the second application window will be the final opportunity to apply for the program. The grant awards for businesses in the second application window will be made in two decision rounds for funding.
Click here for additional details about the program.
Columbia County businesses should apply at reinvestment.com.
Montour County businesses should apply at impactservices.org.
Businesses can also apply for loans of at least $10,000 with an interest rate of 3.25% through SEDA-COG. Funds can be used for working capital and can be disbursed based on past working capital expenses. No payments are due in the first six months. The U.S. Economic Development Administration recently awarded an additional $6.3 million for this program.
There is a $500 underwriting fee and a $100 filing fee.
For more information, visit https://seda-cog.org/covid-19/ or contact SEDA-COG’s Business Finance Department at cwca@seda-cog.org.
The Federal PPP program is also open until August 8th, though it is anticipated that the next Federal relief package will provide additional funding.