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Pennsylvania

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 13, 2020.

For more up-to-date information on the relief programs available in Pennsylvania, we recommend that you visit Responding to COVID-19 in Pennsylvania, the United Way's COVID-19 Resources or the Pennsylvania Chamber's Business Resources for Coronavirus.

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Description of Program and Relief

Pennsylvania Industrial Development Authority Low-Interest Loan Program

The Pennsylvania Industrial Development Authority (PIDA) provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs. The program also provides financing for the development of industrial parks and multi-tenant facilities. PIDA administers the program in partnership with a network of certified economic development organizations (CEDOs), which package and underwrite the loan applications.

These offerings were previously in place, and have not changed in response to COVID-19. However, the Governor of Pennsylvania has clarified that these loans may be of assistance to small businesses affected by the COVID-19 crisis.

Government or Lead Agency

Pennsylvania Department of Community & Economic Development

Dates Available

Currently available

Eligibility Requirements/Restrictions

To be eligible for a low-interest loan under this program, a business must commit to creating and/or retaining jobs. The program is open only to businesses within specified sectors, including manufacturing, industrial, agricultural, research and development, hospitality, defense conversion, recycling, construction, child daycare, retail and service, export, and computer-related service.

PIDA financing can be used to cover certain projects and costs, including the following: land/building acquisitions, construction and renovation costs, machinery and equipment purchases, working capital and accounts receivable lines of credit, multi-tenant facility projects, and industrial park projects. Low-interest loan approval is contingent upon underwriting and collateral requirements.

Contact for More Information

Pennsylvania Department of Community and Economic Development Telephone: (866) 466-3972

Pennsylvania Department of Community and Economic Development Email: ra-dcedcs@pa.gov

List of Additional Information

An overview of the program is available on the Pennsylvania Industrial Development Authority’s website, located here.

Official program guidelines can be found here.

A business wishing to submit a loan application should contact a certified economic development organization (CEDO) in which the business is (or will be) located for further information. A complete listing of CEDOs across Pennsylvania is available online here.

Further information on this program and other resources for small businesses in Pennsylvania affected by COVID-19 can be found on the Department of Community and Economic Development’s website and in this announcement from the Governor’s Office.


© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

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