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COVID-19 Relief Loans

Help for businesses that have been affected by the Coronavirus crisis.

Paycheck Protection Program



COVID-19 Relief Loans Lines of Credit Term Loans Commercial Mortgages Government Guaranteed Loans
COVID-19 Relief Loans

Has your organization been affected by Coronavirus?

Doing your part to keep your employees, customers, and leadership healthy during the Coronavirus crisis has required great sacrifice for many businesses and organizations. If your business has been financially impacted by COVID-19, there are a number of federal loan options available which may offer relief.

York Traditions Bank realizes that this is an especially stressful time for business owners as you maneuver the overwhelming and constantly changing information available about the loan types. Your Business Services Partner can help you navigate this process and offer expert advice so that you can choose the right option for your organization and situation.

Click on the Loan Comparison Chart button for a general comparison of all options, or read more specific details in the product tabs below.

Loan Comparison Chart


Paycheck Protection Program

Paycheck Protection Program Loan Guarantee

Part of the SBA 7(a) program, the Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Under this program:

  • Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
  • Loan payments will be deferred for six months.
  • If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.


How to Apply

If you would like to apply for the Paycheck Protection Program, please download the packet which contains application requirements, instructions, the SBA application form, and beneficial ownership certification form.

PPP Application Packet

After you have completed the application packet and gathered the required documentation, please click the button below to securely submit your materials through our DocuSign portal.

Secure Submission Portal

Note that York Traditions Bank must review your application for completeness and if there is additional information or clarification needed, a York Traditions Bank associate will be in touch. Upon bank approval, your application will be submitted to the SBA for their official approval.

Be assured we are working diligently to do everything we can to submit these in a timely manner based on the popularity and volume of this program.

Loan Forgiveness Details

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. The loan forgiveness form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
  • Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
  • Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined



While you are welcome to download the application to review the documents and information you will need to complete the loan forgiveness process, we do not suggest filling out the application at this time. We are developing a tool to streamline the process and make the application easier to complete. We will email all loan recipients as this tool is available.

Loan Forgiveness Application



If you have questions about the Paycheck Protection Program, refer to our Frequently Asked Questions section.


If you cannot find answers to your specific question in our FAQ section, please email


Economic Injury Disaster

Economic Injury Disaster Loan Assistance Program

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid.

SBA has resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing these applications on a first-come, first-served basis. SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.

The new eligibility is made possible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.

  • Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).
  • SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.

At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying.

Eligible agricultural businesses may apply for the Loan Advance here.



7(a) CARES Act Changes

SBA CARES Act Proposed 7(a) Changes

The 7(a) loan program is the Small Business Administration’s primary program for providing financial assistance to small businesses. The terms and conditions, like the guaranty percentage and loan amount, may vary by the type of loan.

The CARES Act has prompted the SBA to change some of the guidelines for these programs. Please consult with your Relationship Manager to determine if revisions to SBA 7(a) loans may affect you.

Read more about the 7(a) loan types here.

PIDA Working Capital Access Fund

PIDA Covid-19 Working Capital Access Fund (CWCA)

UPDATE 4/2/2020:
According to PIDA, THIS FUND IS NOW CLOSED and no longer accepting applications.

We encourage you to review the other programs available.

The COVID-19 Working Capital Access (CWCA) Program is administered by the Pennsylvania Industrial Development Authority (PIDA) and provides critical working capital financing to small businesses located within the Commonwealth that are adversely impacted by the COVID-19 outbreak.

All CWCA loan applications were to be submitted through a Certified Economic Development Organization (CEDO). For the list of CEDO’s operating within Pennsylvania, please refer to the CEDO webpage.

CWCA Fact Sheet



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