As communities around the globe band together to determine the best course of action to stop the spread of Coronavirus (COVID-19), we wanted to reach out to let you know how the Progress Authority is planning to move forward during the coming weeks.
In response to the ever changing business landscape which has become the new normal, we have adjusted our business practices to fit the need of any customers that have been or may become adversely financially impacted by this situation. As it always is, our mission is to not only enhance but also protect the overall economic growth of Bradford and Susquehanna Counties. As such, we will continue to promote the exchange of information to our customers, associates and partners. As the law allows, we will remain staffed at the office to offer assistance via phone and email. However, we have made arrangements and are now in a position to offer these services remotely.
As it specifically relates to our customers, we have approved a stream-lined process whereby our customers can request interest only payments over the next three months. This modification can be in place in a matter of days, with a stronger cash flow recognized sooner rather than later. A simple phone call or email can get the process initiated.
The Small Business Assistance Grant program & Working Capital Access Program (CWCA) are now closed to applicants, as all funds have been expended.