Posted on May 14, 2020 by hbrooks
Connecticut Bankers Association Provides Update on Paycheck Protection Program
Last week, the Connecticut Bankers Association made the most recent Connecticut-specific Paycheck Protection Program data available for public view. As of last Friday, 34,629 loans and $2,725,531,573 have been approved for Connecticut businesses.
In addition, the nationwide burn rate of dollars available for PPP loans has slowed dramatically, and there should be enough operational funding to keep the program running for…
Posted on May 12, 2020 by hbrooks
I hope you are healthy, safe, and made some Mothers Day memories over the weekend. I am writing with an update on the state’s response to the COVID-19 outbreak.
As a reminder, the state maintains a portal with updated statistics on COVID-19 infections, fatalities, and hospitalizations. If you’re a numbers tracker, please bear in mind that testing statistics are limited to the number of patients tested. There are vastly fewer people tested than those who are not. This can make hard numbers like confirmed…
Posted on May 8, 2020 by hbrooks
On April 30th, the Connecticut Department of Labor (CTDOL) announced that self-employed individuals could apply for federal unemployment benefits. Unfortunately, the system was not fully set up to handle those claims.
The site has been updated and the Federal Pandemic Unemployment Compensation “red button” is posted and active on their site.
Self-employed individuals must follow a two-step application process:
- Pursuant to Federal guidelines, self-employed individuals, including independent contractors…
