Pittsburgh’s URA Will Work With Small Businesses To Weather Coronavirus
Pittsburgh’s Urban Redevelopment Authority urged small business owners to seek help if their livelihoods are impacted by the response to the novel coronavirus.
“We want to reassure our small business borrowers that we are here to work with you,” Tom Link wrote in a press release. Link directs the URA’s Center for Innovation and Entrepreneurship.
Small business owners who have a loan from the URA are encouraged to call or email their loan officers with questions, and to discuss repayment arrangements, if necessary. Officials noted that the Hebrew Free Loan Association of Pittsburgh created an interest-free loan program of up to $5,000 to help people deal with financial fallout from coronavirus.
In addition, the U.S. Small Business Administration has issued guidelines for how to respond to coronavirus. The department covers topics ranging from access to capital to supply chain issues.