LANCASTER COUNTY ECONOMIC RECOVERY PLAN
Lancaster County’s Economic Recovery Plan is a document that will serve to support Lancaster’s extraordinary business community in getting ready for the next chapter of life with COVID-19. It provides a framework on how we can move forward.
The plan was created in partnership between the Economic Development Company of Lancaster County and the Lancaster Chamber.
Small Business Economic Resources
As of January 11, 2021
Existing EDC Finance Corporation SBA 504 Borrowers
We are happy to inform you that additional debt payment relief provisions were approved for existing and future SBA 504 loans under the Economic Aid Act passed by Congress at the end of December. At the present moment we believe many existing SBA 504 borrowers will qualify for 3 to 8 months of debt payment forgiveness beginning February 1, 2021. You do not need to do anything to receive this benefit as an SBA 504 borrower with EDC Finance. The EDC Finance team is awaiting further guidance from SBA officials and will provide that information as soon as we receive it in the coming days and weeks. Please stay tuned to your email and our website for updates.
Lyle Hosler, Vice President
For current funding resources, please visit https://recoverylancaster.com/funding/.
PIDA COVID-19 Working Capital Access
The program has closed and funds are currently exhausted. If new funds become available all prior applicants would need to resubmit under any updated guidelines provided. NOTE – the current funding from the State is a different program and information can be found here: https://dced.pa.gov/programs/covid-19-relief-statewide-small-business-assistance/.