Coronavirus Resources

Coronavirus Information and Resources

Last update: April 3, 4:30 p.m.

Latest Updates
April 3
Message from John Longstreet:
We understand that it's important for our members to preserve as much cash flow as possible as a result of this crisis. As such and effective immediately, PRLA is suspending all membership dues payments, including putting on hold any automatic credit card or ACH withdrawals.

Just like you, we have had to make the difficult decision to furlough several of our staff so that we can continue to provide for you now and in the future. We will continue to do our best to be as responsive as possible during this critical time. Updated PRLA COVID-19 Response Team

The Department of Treasury has released the interim final rule for the SBA's Paycheck Protection Program (PPP) Loan. Please note that applications will be accepted through June 30, 2020, or until funds are exhausted. We strongly suggest you work with your SBA-approved lender and apply for these loans as quickly as possible. Demand is high and it's important to be in the queue. The 100 most active SBA 7(a) lenders.
The PPP provides three scenarios for calculating maximum loan amounts depending on how long the business has been in operation and whether it’s seasonal.
- PPP Loan Calculator 1 — Non-seasonal & In business 2/15/19-6/30/19 (will apply to most businesses that operated in 2019)
- PPP Loan Calculator 2 — Non-seasonal & NOT in business 2/15/19-6/30/19 (will apply to new businesses)
- PPP Loan Calculator 3 — Seasonal business (will apply to businesses that don't operate year-round)
Gov. Tom Wolf today recommended that all Pennsylvanians wear a mask any time they leave their homes for life-sustaining reasons. READ RELEASE The Pa. Department of Health issued guidance on homemade masks.
The next PRLA update will go out on Sunday, April 5.

April 2

Statement from PA Bankers Association regarding Paycheck Protection Program:
Pennsylvania's banks are committed to supporting their local small businesses. The federal government's Paycheck Protection Program (PPP), which is expected to go into effect on Friday, holds the promise of providing much-needed relief. We have been working with the Small Business Administration (SBA) and U.S. Treasury Department to make sure the program allows banks to deploy these funds as quickly and efficiently as possible to the businesses that need it. At this time, guidance from the Treasury Department and the program's standard operating procedures from SBA are still being developed. The business community's patience and understanding is appreciated as the banking industry receives direction on how this program will be offered.

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