Businesses: COVID-19 Loan Program (SEDA-COG)

SEDA-COG has a new loan program to provide funding for businesses impacted by the COVID-19 crisis in its 11 central PA counties, including Snyder Co.  The SEDA-COG EDA COVID-19 Loan has limited funds and will end once all funds are exhausted, but requires no payments for the first six months.

For-profit businesses can apply for loans of at least $10,000.  Contact SEDA-COG at 570-524-4491 for interest rates.  The funds can be used for acquisition of commercial real estate, working capital, and equipment.  Funds can be disbursed based on past working capital expenses.