We know you’re doing your best to take care of your customers and your employees.
While you assess the current environment and future of your business, we want you to know that you’re not alone – Patriot is your partner with assistance and resources.
Looking for personal assistance resources? Visit our COVID personal resources page.
UPDATED – August 27, 2020
The coronavirus outbreak has negatively impacted global financial markets and supply chains, and has raised many questions about the economic outlook for the remainder of 2020. The best thing we can do is focus on what we can control – together we will get through these challenging times.
Below you’ll find a collection of information and resources that we have assembled regarding financial assistance for businesses from government programs. While the list is not all inclusive, it can help make businesses aware of potential available resources. And as more details about these programs (and others) become available, we will continue to update this page so check back.
While we do not profess to be experts in these programs, if you have questions or need assistance, we welcome the opportunity to help.
Financial Relief Information
The CARES Act, the COVID-19 relief bill passed by Congress, increased the role of the Small Business Administration (SBA) in efforts to assist businesses impacted by the pandemic. The SBA offers several programs – including the Paycheck Protection Program (PPP) loan and the Economic Injury Disaster loan (EIDL) – to ease the economic impact of COVID-19 on your business. Both loans are available to businesses with 500 or fewer employees that have been negatively impacted by the crisis.
The PPP provides forgivable loans to small businesses (as well as eligible non-profit organizations, Veterans organizations, self-employed, independent contractors, and others) with 500 employees or less to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 or 24 week period after the loan is made (or December 31, 2020, whichever is earlier). Funds authorized under the PPP are on a first-come, first-served basis – application deadline has been extended through August 8th .
Patriot is participating in the PPP to assist our business members.
More information and documents on PPP:
- PPP Application (downloadable PDF) – after completing form, save, and email along with the required documents listed in the Application Instructions to [email protected]
- PPP Application Instructions
- PPP Average Monthly Payroll Worksheet
- PPP FAQ (PDF)
- PPP Interim Final Rule (PDF)
- PPP EZ Loan Forgiveness Application Instructions (PDF)
- PPP Forgiveness Application Instructions (PDF)
- PPP EZ Loan Forgiveness Application (PDF)
- PPP Forgiveness Application (PDF)
- PPP Loan Forgiveness Interim Final Rule (PDF)
- PPP Forgiveness FAQ’s
- Treatment of Owners and Forgiveness of Certain Nonpayroll Costs
Available directly through the SBA, this loan aims to help small businesses overcome the temporary loss of revenue with an advance of up to $10,000.
Statewide grant program administered by DCED to support small businesses impacted by COVID-19. Funds are available through three programs: Main Street Business Revitalization Program, Historically Disadvantaged Business Revitalization Program, and the Loan Payment Deferment and Loss Reserve Program.
Eligible businesses can use the grants to cover operating expenses during the governor’s order related to the closure of non-life-sustaining businesses and have or will incur costs to adapt new business operations. Funds can also be used in the transition to re-opening and for technical assistance including training and guidance to stabilize and re-launch businesses.
For more information on grants available through these programs, contact the Harrisburg Office of the Community First Fund which serves businesses in Franklin County.
Grant program to assist non-profit organizations providing crucial human services to Washington County (MD) residents during the pandemic public health crisis. Eligible uses of this funding include: provision of essential supplies and food, costs of personal protective equipment for employees providing services, costs associated with virtual delivery of services, costs related to ensuring emergency and homeless shelters operate safely, cost of temporary positions to meet increased service demand, and more.
Funds are limited and available on a first-come, first-served basis. For grand guidelines and application, visit Washington County web site.
- Guidance for business & employers from the SBA (sba.gov)
- COVID-19 Business Resumption Toolkit from the SBA (sba.gov)
- Assistance for small businesses from the US Treasury (treasury.gov)
- Franklin County First Fund (FCFF) from the FCADC
- COVID-19 Emergency Relief Manufacturing Fund from State of Maryland
- Small Business Fund from the US Chamber of Commerce Foundation
- Downtown Waynesboro Relief Fund from Main Street Waynesboro
- Small Business Recovery Grant from Franklin County Area Development Corporation (FCADC)
- Rise Up Business Stabilization Grant from Washington County Department of Business Development
More Sources of Information
- Franklin County Area Development Corporation (FCADC)
- Greater Chambersburg Chamber of Commerce
- Washington County Chamber of Commerce
- United States Chamber of Commerce
Don’t Be a Scam Victim
While there are legitimate financial relief programs, there are also scammers who are using this as an opportunity take advantage of small businesses. It’s critical for small businesses to go straight to the source for accurate information about what’s happening at the SBA. In addition, here are more tips to help you avoid scams targeting small businesses.
- Scammers often mimic the look and feel of legitimate email. You’ve heard warnings for years about email phishing attempts. Fraudsters have upped their game in response. They’ve been known to copy logos of financial institutions and government agencies, including the SBA, and use wording that sounds familiar. They also manipulate email addresses so that a message looks to be from a legitimate source – but isn’t. That’s why it’s dangerous to respond to those emails. Instead go directly to the SBA site.
- Don’t click on links. Say you get an email that says it’s from your bank or a government agency. Don’t click on any links. It could load malware onto your computer. If you think you may need to respond, pick up the phone and call the office directly, but don’t use a number listed in the email. That could be fake, too. Instead, search online for a genuine telephone number or call your banker using the number you’ve always used. Yes, now is a good time to keep in close contact with your financial institution, but employ the same established lines of communication you used before COVID-19 became a concern.
- Be suspicious of unsolicited phone calls. Some scammers may try the personal approach by calling you and impersonating someone from a financial institution or government agency. Don’t engage in conversation. If you think you may need to respond, call using a number you know is legit.
- Watch out for application scams. Some small businesses report they’ve received unsolicited calls or email from people claiming to have an inside track to expedite financial relief. The people contacting them may charge upfront fees or ask for sensitive financial information – account numbers, tax IDs, Social Security numbers, and the like. Don’t take the bait. It’s a scam. Applying for a loan was a step-by-step process before the Coronavirus crisis and it’s a step-by-step process now. That’s why the SBA’s sba.gov/coronavirus site is the safest place for you to start.
- Alert others to Coronavirus relief check scams. Most people have read the news about Coronavirus relief checks that many Americans may receive. The FTC Consumer Blog has advice about spotting relief check scams. Share the tips with your co-workers, family, and social networks. If you spot a potential Coronavirus-related scam, report it to the FTC at ftc.gov/complaint.
Please contact us if you need assistance or have questions. We’ll be happy to help. You can reach us by:
- Calling (888) 777-9982
- Visiting our Business Services team page
- Contacting one of our business lenders directly –
- Karen Boyer (240) 850-7014
- Eric Foreman (717) 709-2514
- Kim Shockey (717) 709-2520