Watch CBS News

Pa. Governor Tom Wolf Announces $450 Million Loan Program For Hospitals Amid Coronavirus Outbreak

PITTSBURGH (KDKA) -- Pennsylvania Governor Tom Wolf Announced a new loan program for hospitals that are becoming financially strained during the Coronavirus pandemic.

The program will provide $450 million in funding to ensure that Pennsylvania's hospitals are equipped to care for patients and workers.

The program, known as the Hospital Emergency Loan Program, or HELP will provide short-term financial relief to Pennsylvania's hospitals as they prepare for the growing surge of individuals infected with COVID-19 and the economic fallout of the nationwide pandemic.

The maximum loan size is $10 million per hospital, with an interest rate of just 0.5%.

More information on the Coronavirus pandemic:

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.