RESOURCES FOR THE LOCAL BUSINESS COMMUNITY
Updated April 6, 2020
Most recent resources:
- Expedited SBA Economic Injury Disaster Loan/Grant applications can be found here. The estimated time for completing this entire application is two hours and ten minutes, although you may not need to complete all parts. If approved, you could receive a grant in as little as three days.
- SBA Express Bridge Loans are now available. More information can be found here.
The Historic Kennett Square Office of Economic Development is closely monitoring the situation in regards to current and future resources available for small businesses. We are also participating in conference calls and correspondence with various levels of government to keep up-to-date on programs and best understand how to proceed.
Listed below are resources and the current information available. We will update this periodically and also share updates on social media. If you have any questions, or would like to discuss any of these items in more detail, please contact the HKS Economic Development Director at firstname.lastname@example.org or 610-742-5506.
SBA Loans/Grants and Financial Resources
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act are intended to assist business owners with whatever needs they have right now. Below is information and links about the major programs and initiatives currently available from the Small Business Administration (SBA).
EIDL Grant/Loan: All are encouraged to apply. You may be eligible for a $10,000 advance grant. https://covid19relief.sba.gov/#/
Paycheck Protection Program: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp
SBA Express Bridge Loans – https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans
Other Recovery Grants
Verizon-LISC Small Business Recovery Fund (new round opens in mid-April) – https://www.lisc.org/covid-19/verizon-small-business-recovery-fund/
Chester County Resources Follow this link for the resources the County is gathering amid COVID-19: https://www.chesco.org/4423/Information-for-Businesses-Amid-COVID-19
Supporting Existing Businesses
In the interim, our small businesses are struggling with cash flow challenges and they need your support. We have created webpage that lists Kennett businesses offering online gift cards for purchase, or restaurants offering take-out service. Please consider supporting our local businesses via online purchases during this difficult time. You can find a list of participating businesses via this link: https://historickennettsquare.com/supporting-our-local-business-community/
Additional helpful links provided below:
Main Street America – https://www.mainstreet.org/howwecanhelp/resourcecenter/covid19resources
Pennsylvania Downtown Center–