Economic Resources

The Chamber & CREDC is in touch with national and state-level associations to keep a pulse on emergency funding, loans, or other economic resources available for businesses affected by the coronavirus.

SBA Economic Injury Disaster Loans 

Starting the week of April 6, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000. Businesses that received an EIDL loan for up to six months and $150,000 will not need to submit a request to increase their loan amount. The SBA will reach out to the business.

Any new EIDL loan applications will automatically be considered for up to $500,000 to cover 24 months of business.

Paycheck Protection Program

With the passage of the latest stimulus bill on December 27, 2020, Congress reauthorized a second round of Payroll Protection Program loans to eligible small businesses that were not able to receive a PPP loan in the first round and those that previously received a PPP loan if the business has used the full amount of its first round PPP funds on eligible expenses. Businesses (including, sole-proprietors, independent contractors, and other self-employed individuals) with fewer than 300 employees are eligible for the Paycheck Protection Program.

With the second round of PPP loans, eligible expenses include payroll, rent, utilities, interest on mortgages, and additional expenses such as personal protective equipment for employees, costs associated with outdoor dining, supplier costs, costs associated with software, cloud computing and other human resources and accounting needs.

The deadline to apply for the new round of the Paycheck Protection Program loan is March 31, 2021.

We encourage you to contact your local bank or credit union for more information about filing.

Pennsylvania Industry Development Authority (PIDA) Loans

PIDA provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs.

  • ▪ Up to 50% of eligible project costs
    ▪ Fixed Interest Rates (5-15 years)
    ▪ Up to 100% financing in conjunction with a willing financial institution and satisfactory credit criteria
    ▪ Eligible costs include real estate acquisitions, construction and renovation, machinery and equipment, also including many related application, underwriting, and closing costs

SBA 504 Loans

The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation. 

  • ▪ Up to 40% of eligible costs
    ▪ Fixed interest rates for up to 25 years
    ▪ Up to 90% financing in conjunction with a willing financial institution
    ▪ Eligible costs include real estate, fixed assets and refinancing, including many related application, underwriting, and closing costs

Minority Business Development Agency (MBDA) Grants

The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, will provide Federal assistance to support innovative projects that promote and seek to ensure the growth and resolve the challenges faced by minority business enterprises. The MBDA Business Center’s primary drivers are business development and capacity building (see additional details on pages 4-5 of NOFO).

The Minority Business Development Agency (MBDA) is seeking proposals to open and operate an MBDA Business Center to provide technical and business development services to minority business enterprises. The 5-year grant will expand the Agency’s national network to 36 locations in 29 states. Learn more about the application process, eligible locations, and deadlines by viewing the Notice of Funding Opportunity.

Deadline: Applications must be submitted to no later than March 17, 2021 at 11:59 PM EST

Restaurant Revitalization Fund

The U.S. Small Business Administration (SBA) is awarding funding through the Restaurant Revitalization Program to restaurants, bars, and other similar places of business that serve food or drink. The purpose of this funding is to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic.

On March 11, 2021, the American Rescue Plan Act (ARPA) became public law (P.L. 117-2). Section 5003 established the Restaurant Revitalization Fund (Fund), and appropriated $28.6 billion for SBA to award funds. These appropriations remain available until expended. SBA will continue accepting applications subject to availability of funds.

Funds must be used for eligible uses no later than March 11, 2023.

Shuttered Venue Operators Grant

The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

Eligible entities include:

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators
  • Talent representatives, and
  • Each business entity owned by an eligible entity that also meets the eligibility requirements

Other requirements of note:

  • Must have been in operation as of February 29, 2020
  • Venue or promoter must not have applied for or received a PPP loan on or after December 27, 2020


Per US Treasury requirements, you MUST complete two additional components.

  • DUNS Number – If you do not already have one or no one knows it in your organization, visit the Dun & Bradstreet (D&B) website or call 1-866-705-5711 to register or search for a DUNS number. You will need all of the information listed below to obtain a DUNS number:
    • Name of organization
    • Organization address
    • Name of the chief executive officer (CEO) or organization owner
    • Legal structure of the organization (e.g., corporation, partnership, proprietorship)
    • Year the organization started
    • Primary type of business
    • Total number of employees (full and part-time)
  • After you have your DUNS number, you will need to register on (if you aren’t already). This is the federal government’s System for Award Management (SAM) at Along with your W-9 and signed certification, you must submit proof of registration on the website. Please upload a screenshot or include the confirmation email from SAM that you have registered.

Registering for a DUNS number and on is free of charge, so if you encounter any organizations or websites soliciting a fee or charge to acquire a DUNS number or register, it is likely a scam or fraudulent.

COVID-19 Hospitality Industry Recovery Program

The application window is currently closed.

Governor Wolf signed legislation authorizing the creation of the COVID-19 Hospitality Industry Recovery Program that allocates $145 million to help support hospitality businesses suffering because of the COVID-19 pandemic. The legislation allocates funding to each county who, in turn, will contract with one or more designated Certified Economic Development Organizations or Community Development Financial Institutions to process applications from businesses within each county.

Harrisburg City CDBG-CV Grant Program

The application window is currently closed.

The City of Harrisburg is providing federal Community Development Block Grant (CDBG-CV) funds for eligible Small Businesses and Microenterprises which have been negatively impacted by the Covid-19 pandemic. These special CDBG-CV funds were appropriated through the CARES Act of 2020 and awarded to the city by the Department of Housing and Urban Development (HUD).The city is intending to provide grants of up to $10,000 to eligible, for-profit businesses.

As the Certified Economic Development Organization for Cumberland, Dauphin & Perry Counties, CREDC has achieved the Commonwealth’s recognition as a superior and experienced lending organization, approved as your access point to Commonwealth programs. By partnering with a highly regarded Certified Development Corporation, CREDC also facilitates your access to the U.S. Small Business Administration’s 504 Direct Loan Program and PIDA Loans in the Capital Region. Contact Us today to learn more about these financing options.