Emergency Small Business Financial Assistance Now Available for Blair County Businesses

 In News

3/18/20 – FOR IMMEDIATE RELEASE:  Today, Governor Tom Wolf made an official Economic Injury Declaration due to the Corona-Virus Pandemic, which will allow for emergency loan program funding for Pennsylvania small businesses through the U.S. Small Business Administration (SBA). See today’s news conference video below.

▪  SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

▪  These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

▪  SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

▪  SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

To apply, click on https://disasterloan.sba.gov/ and then click on “Apply Online.” For technical assistance, please contact The Altoona Blair County Development Corporation at rapidresponse@abcdcorp.org. You can also contact the SBA disaster assistance customer service center directly at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.

Additional small business support and guidance in navigating the COVID-19 crisis is offered through a partnership among The Altoona Blair County Development Corporation, The Blair County Chamber of Commerce and the offices of our elected officials. For more information, you can contact each at:

Altoona Blair County Development Corp.
3900 Industrial Park Drive
Altoona, PA 16602
abcdcorp.org  –  814-944-6113

Blair County Chamber of Commerce
3900 Industrial Park Drive
Altoona, PA 16602
blairchamber.com  –  (814) 943-8151

Blair County CareerLink
1600 Fifth Avenue
Altoona, PA 16602
gocareerlink.org  –  (814) 940-6200

Hon. John Joyce
U.S. Congress
5414 6th Avenue
Altoona, PA 16602
johnjoyce.house.gov  –  (814) 656-6081

Hon. Judy Ward
PA State Senate
1904 N Juniata St
Hollidaysburg, PA 16648
senatorjudyward.com  –  (814) 695-8386

Hon. Louis C. Schmitt Jr.
PA House of Representatives
1331 12th Avenue #104
Altoona, PA 16601
repschmitt.com  –  (814) 946-7218

Hon. Jim Gregory
PA House of Representatives
324 Allegheny Street
Hollidaysburg, PA 16648
repjimgregory.com  –  (814) 695-2398

Mayor Matt Pacifico
Altoona City Hall
1301 Twelfth Street
Altoona PA 16601
altoonapa.gov  –  814-949-2476

For More Information Contact: Stephen McKnight, President and CEO, The Altoona Blair County Development Corporation, 3900 Industrial Park Drive, Altoona, PA 16602, (814) 944-6113 rapidresponse@abcdcorp.org.

About the Altoona Blair County (ABCD) Corporation: ABCD is a private non-profit 501(c)3 certified economic development corporation. We work as a catalyst for business expansion in Blair County, Pennsylvania and through regional partnerships along the I-99 Innovation Corridor. For over 60 years ABCD has been dedicated to business growth and wealth creation throughout Blair County.

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