Actively choosing hope:
Stepping up to the challenge
Like every other business, non-profit, school, and family in this community, we’re actively planning for the longterm impact of COVID-19. ASSETS is stepping up to this challenge and is committed to harnessing the full power of our existing resources, developing creative new solutions, and working to mitigate the negative impacts on Lancaster’s diverse small businesses and entrepreneurs.
ASSETS is continuing its mission to transform communities and ensure that every entrepreneur and small business has equal access to local resources during the COVID-19 crisis and beyond.
This page highlights immediate local, regional, and national resources as well as ASSETS’ COVID-specific programming and offerings and what we’ve been focused on since COVID began in mid-March.
See “Top Recommendations” and “Additional Resources” below for immediate tips, funding options, and resources you can access right now.
Top recommendations for small businesses
We know times are confusing. Here are the top two things we think you should be considering right now.
Order your FREE COVID-19 Supply Kit
If you are based in Lancaster County with less than 100 employees, your business qualifies to receive a COVID-19 Supply Kit, which will include a mix of personal protective equipment, as well as some cleaning and disinfecting materials. To learn more, download the COVID-19 Supply Kit Guide.
COVID-19 Supply Kit contents are pre-determined based on company size and industry type. Recovery Lancaster is not able to provide custom kits at this time. Supply Kits typically ship in 2–3 business days.
Orders will be accepted while supplies last but a shortage is not anticipated. Recovery Lancaster is prepared to provide kits for small businesses across Lancaster County.
The Paycheck Protection Program (PPP) Has Reopened
The SBA has reopened the Paycheck Protection Program (PPP) for Second Draw PPP Loans to help business owners to fund payroll costs, including benefits. The Deadline to apply for a Second Draw PPP Loan is March 31, 2021.
Learn how you can apply for the Second Draw PPP Loan and use the SBA’s Lender Match tool to find an eligible lender near you on the SBA’s website.
ASSETS is hosting an informational webinar session for Second Draw PPP Loans on Tuesday, February 2 at 12 p.m. along with guest speaker, Kim Stout, of the SBA.
ASSETS’ Top Resources & Services
This section features all the resources, services, and partnerships that ASSETS has focused on since COVID began. Scroll to see our current programming, funding options, COVID Response statistics, and past efforts!
Learn more! »
ASSETS’ COVID Programming
ASSETS’ Entrepreneur Training offers programming focused on helping you and your business navigate all things COVID-19. We will soon be enrolling for our Accelerators that are geared for established business owners. Applications open on February 8, 2021.
Read up on the grant updates »
Pennsylvania $225 Million Grant Program for Small Businesses Impacted by COVID-19
On Oct. 5, Tom Wolf announced that an additional $96 million in state grants have been approved for 5,373 Pennsylvania small businesses that were impacted by COVID-19 for Phase 2 of the $225 million COVID-19 Relief PA Statewide Small Business Assistance Program.
Search now! »
Person-Of-Color-Owned Business Directory
Now more than ever, we need to support local businesses. This business directory features diverse, inclusive, and impact-driven businesses like people-of-color-owned businesses, women-owned businesses, and Certified B Corps. You can search for a wide range of businesses by industry and owner demographic, allowing you to shop with greater intention.
Learn more about our unique loan products »
New, Highly-flexible Loans
In addition to the Lancaster City Small Business Emergency Fund, we’ve also distributed $105,590 in new, highly-flexible loans to 14 businesses, many of whom shared that they would not have survived without this essential cash infusion.
Sign up for your free Discovery Meeting to get started! »
We’ve spent 1,383+ hours and counting since mid-March with entrepreneurs providing COVID-specific technical assistance and mentorship
Learn more about small business funding options! »
We’re thrilled to support the Lancaster County Chamber of Commerce and the Economic Development Company of Lancaster County as they lead Recovery Lancaster and safely move our county through the many phases of COVID-19. ASSETS worked with these two organizations and Community First Fund to manage the three phases of the $25 Million Small Business Recovery and Sustainability Fund. Applications for Phase 3 are currently closed, but there are other funding opportunities for your business!
Learn more about our unique loan products »
Loan Repayment Relief
We provided all of our pre-COVID borrowers with three-months of loan repayment relief so that they didn’t have to worry about one more bill
Read the highlights on businesses supported through the Emergency Fund! »
Lancaster City Small Business Emergency Fund
We joined forces to create the Lancaster City Small Business Emergency Fund, a $1.5 million fund comprised of grants and loans for our Lancaster City businesses. The Fund is powered by ASSETS, Community First Fund, and the City of Lancaster. The application window for the Lancaster City Small Business Emergency Fund has closed and all eligible applicants have received their grant or loan.
I don’t know how I would’ve been able to navigate during this pandemic if it wasn’t for the team at ASSETS.Laurie Newman, Owner, Cafe 301
Back in March—like many other restaurants—Cafe 301 had to close their doors and let go of their employees. With a drop in sales and no curbside pick-up already in place, tensions were high and the future was unknown.
As Laurie worked to create a curbside pick-up program, she simultaneously applied for ASSETS’ Emergency Loan and […]
Important Resources for Small Businesses
Help ASSETS keep our small businesses alive during COVID-19
Now more than ever, ASSETS’ vital mission to create a diverse, inclusive economy where everyone can prosper is needed. Help us stay at the forefront of resource offerings, innovative solutions, and personalized care for our beloved small businesses.Donate today »