Clarification: Economic Injury Disaster Loan
Forgivable at $1,000 Per Employee, Up To $10,000

On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). The Advance is available as part of the full EIDL application and will be transferred into the account you provide shortly after your application is submitted. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.

You may be eligible for another loan program, the Paycheck Protection Program, which is available through participating lenders.
To locate a Paycheck Protection Program Lender, please visit: .

Information on available resources may be found at . For more information on these services, please go to  to locate the email address and phone number for the nearest SBA district office and/or SBA's resource partners.

Members of the
Chambers of the Alleghenies
Bedford, Blair, Cambria, Huntingdon and Somerset Counties

are invited to a ZOOM Meeting with the
US Chamber of Commerce.

Thursday, April 16th - 1:00 p.m.

This event will provide information about the CARES Act and loan/assistance information for small businesses through the Paycheck Protection Plan (PPP) and Economic Injury Disaster Relief (EIDL.) Q&A will be available as well.

Speaker: Kevin Courtois
Executive Director
Great Lakes Regional office

Join Zoom Meeting

Meeting ID: 214 440 4712
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Inc. + U.S. Chamber of Commerce National Business Town Hall

As the economic pause caused by coronavirus endures, businesses are racing to understand and access the $350 billion in loans provided by the CARES Act to help impacted small businesses. Emergency loans are newly available to sole proprietors, and new guidance accompanies this relief. Estimates indicate the total amount of aid isn’t enough to address current needs, and Congress is considering extending more funds to small businesses.

Friday, April 17 at noon ET, Inc. and the U.S. Chamber of Commerce will team up for a fourth virtual National Small Business Town Hall to help small business owners alike navigate the programs that are available to them.  Click here to RSVP.
The National Science Foundation is Accepting
Project Pitches for Phase I Proposals Addressing COVID-19

NSF  is now accepting project pitches from small businesses to develop new technologies, products, processes, and services with the potential to impact the nation's and world's ability to respond to the COVID-19 crisis. Find more information  here . If you need help
preparing your project pitch prior to submission,  contact  Kelly Wylam at Ben Franklin Technology Partners

Yesterday, the U.S. Chamber launched its new “Path Forward” program focused on how the nation can return to work following the current crisis. You can learn more about this initiative in the  letter they sent to all of their members . Additionally, they will be hosting a series of webinars, which you can sign up for by  clicking here .  You can view a recording of yesterday’s kickoff webinar by  clicking here
South Hills School of Business & Technology
Live Online Learning

9 - 10:30 am
Host: Kutztown SBDC

This no-cost webinar is designed to provide our small business clients with answers to help you understand who is eligible for an SBA Emergency loan and what you need to have in hand before filing your application. This webinar will also help you understand realistic timelines for approval/closing on your loan, and will provide you with guides to help you estimate your economic loss to SBA.

Click here to download.
Click here to download.
Click here to download.

The U.S. Small Business Administration  is offering designated states and territories low-interest federal disaster loans of up to $2 million for working capital to small businesses suffering substantial economic injury as a result of COVID-19. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to eligible small businesses during this time.

Huntingdon County Strong:
Business and Community Resources

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Contact Us

Yvonne Martin
President/ CEO

MacKenzie Huntsman
Program Director

Phone: 814-643-1110
Fax: 814-643-1115
Stay Connected

Looking to start an endowment or to support community efforts? Click the logo above to learn more about the Huntingdon County Foundation.