Overall, approval rates for things like loans, cash advances, and lines of credit have been dropping.
NASA sets aside $3 billion annually for small business contracts.
A recent federal study found roughly 200,000 businesses nationwide closed due to the pandemic. In the Lehigh Valley, it’s hard to get an accurate number of just how many businesses closed, though local experts say coronavirus’ impact on the economy has been mixed.
Governor Tom Wolf says he wants to give $145 million dollars to small businesses in the commonwealth to help cope with the coronavirus pandemic.
Pennsylvania will offer more than 200 million dollars to small businesses affected by the coronavirus pandemic.