CARES Act Payroll Tax Relief Provisions
A summary of COVID-19 tax relief provisions prepared by DLA Piper
Citizens Bank Small Business Recovery Program
Grants of $15,000 each that will be awarded to eligible Citizens Bank business customers who apply.
COVID-19 Working Capital Access (CWCA) Program
Administered by the Pennsylvania Industrial Development Authority (PIDA). Provides working capital loans to small businesses up to $100,000.
The Enterprise Center Capital Corporation COVID-19 Loan Fund
Loans for Philadelphia’s small businesses that have been in operation for at least 6 months and have a documented hardship.
Facebook Small Business Grant Program
Offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where Facebook operates
Healthy Food Financing Initiative (HFFI)
$3 million in grant funds available for food retail and food enterprises working to improve access to healthy food in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities. Funding for HFFI is provided by the United States Department of Agriculture (USDA), authorized by the Farm Bill.
LISC Verizon Small Business Recovery Fund
Provides grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.
PA Department of Community and Economic Development COVID-19 Business Resources
Information about Governor Wolf’s mandate on business closures + state-level resources for affected businesses
Pandemic Unemployment Assistance
Pennsylvania is now offering unemployment assistance to individuals who have traditionally been ineligible for unemployment benefits (e.g. self-employed workers, consultants, independent contractors, gig workers).
Paycheck Protection Program
A loan program from the SBA that provides 8 weeks of cash-flow assistance to small businesses and nonprofits with up to 500 employees, which may be forgiven if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. *UPDATE 4/27/20* The PPP has received more funding and is accepting applications again.
Philadelphia COVID-19 Small Business Relief Fund
*UPDATE 4/16/2020* This program is no longer accepting applications at this time.
Philadelphia Emergency Fund for Stabilization of Early Education (PEFSEE)
Tiered grant awards of up to $20,000 will be made available to provide immediate relief to eligible organizations with operations located in the city of Philadelphia.
SBA Economic Injury Disaster Loan Program
Targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Social distancing for essential businesses during COVID-19
Guidance from the Philadelphia Department of Public Health
US Department of Treasury and IRS Guidance on Deferring Tax Payments Due to COVID-19 Outbreak