HARRISBURG, PA — In Pennsylvania, 160 corporations in 43 counties had been awarded $13.5 million in low-interest loans in the course of the second spherical of a coronavirus-relief program, state officers introduced Sunday.
The funding comes from the COVID-19 Working Capital Entry Program, Dennis Davin, secretary of the state Division of Neighborhood and Financial Growth, introduced.
Get the newest updates on coronavirus in Pennsylvania and your city by signing up for Patch information alerts.
In all, $23 million has been awarded by this system to eating places, wellness facilities, wineries, breweries, salons, spas and different companies hit onerous by the coronavirus shutdown.
“These loans will assist companies within the commonwealth shortly entry capital to deal with their essential wants whereas we proceed to observe the governor and well being secretary’s orders,” Davin stated. “Small companies are the material of our commonwealth, and the Wolf administration is dedicated to supporting them to the fullest extent throughout this unprecedented time.”
A listing of accredited tasks might be discovered right here. New disbursements are highlighted in yellow.
On March 25, Gov. Tom Wolf introduced that the Commonwealth Financing Authority had approved the switch of $40 million to the fund. One other $61 million was put aside to offer loans of $100,000 or much less to for-profit companies with 100 or fewer full-time workers.
State workers is continuous to overview purposes for the loans. Data on future awards will likely be launched because it turns into obtainable.
>>>Full protection of coronavirus in Pennsylvania