Working capital, which for purposes of this program
is considered capital used by a small business for operation,
excluding fixed assets and production machinery
LOAN AMOUNTS, MATCHING INVESTMENTS, JOB-
- The maximum loan amount is $100,000
- No match is required except for retail/service
enterprises in which case the CWCA program can
finance 50% of eligible working capital costs up
- There are no job retention/creation requirements.
INTERTEST RATES AND TERMS
- Interest Rate - Zero percent (0%) except for
agricultural producers, in which case the interest rate
will be two percent (2%)
- Terms - Three (3) years with a 12-year amortization.
- No payments will be due and payable during the
- Principal and, if applicable, interest payments will be
due monthly for years two and three.
- A balloon payment will be due and payable at the
end of the third year.
The loan shall be secured by a blanket lien on all
business assets currently owned or acquired in the
future at the highest lien position available.
The loan shall be guaranteed by an individual or
entity with a 20% or greater ownership interest in
the eligible business enterprise.
HOW TO APPLY
PIDA partners with a network of nonprofit organizations
called certified economic development organizations
(CEDOs) to administer the CWCA loan program.
Generally, the CEDOs service a one county area or a
multicounty region, and work directly with the applicant
company to package and underwrite the loan application.
The loan application is submitted to the PIDA Office by
the CEDO for final approval.
You can determine which CEDO(s) serve your business's
county and view additional information about the CWCA
program at dced.pa.gov/CWCA.
WE ARE A CEDO OF CRAWFORD COUNTY
You may contact us by email at firstname.lastname@example.org
Administered by the Pennsylvania Industrial Development
Authority (PIDA), the COVID-19 Working Capital Access Program
(CWCA) provides critical working capital financing to small
businesses located within the commonwealth that are adversely
impacted by the COVID-19 outbreak.
All CWCA loan application must be submitted through a
Certified Economic Development Organization (CEDO). For the
list of CEDOs operating within Pennsylvania please refer to
A for-profit corporation, limited liability company, partnership
proprietorship or other legal business entity located in the
Commonwealth of Pennsylvania and having 100 or fewer full-time
employees worldwide at the time of submission of the application.
DEFINITIONS FOR THE CWCA PROGRAM
- A retail/service enterprise is defined as a
for profit business entity that is involved in
the business-to-business service, business-
to-public service, mercantile, commercial,
or point of sale retail sectors.
- Am agricultural producer is defined as a
business involved in the management and
use of a normal agricultural operation for
the production of a farm commodity. A
"farm commodity" is any Pennsylvania-
grown agricultural, horticultural, aqua
cultural, vegetable, fruit, and floricultural
product of the soil, livestock and meats,
wools, hides, furs, poultry, eggs, dairy
products, nuts, mushrooms, honey
products and forest products.