As Outbreak Affects Small Business, Help’s Here

WASHINGTON DC – The coronavirus outbreak has a potential to wreck havoc with small businesses, like those in western Montgomery County that have closed to comply with the COVID-19 containment strategy announced Thursday (March 12, 2020) by Pennsylvania Gov. Tom’s Wolf, or that have seen a temporary loss of illness-fearful customers.

But there’s financial help available in these instances, according to the TriCounty chapter of SCORE, a volunteer-operated affiliate of the U.S. Small Business Administration. The chapter is headquartered at 212 E. High St., Room 106 in Pottstown.

In an e-mail, the chapter said the administration’s “Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million.” It can “provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

The agency pledged to “work directly with state governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the coronavirus.” Information on the loan program, and the ability to apply for assistance, is available online, here.

Photo from the U.S. Small Business Administration