Posted on May 15, 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 March 18, 2020 by hbrooks
As the novel coronavirus (COVID-19) outbreak continues to make headlines, a great deal of uncertainty has been injected into the lives of business owners and workers, many of whom have been left, indefinitely, without pay or health benefits.
Still, there are many options and resources available to business owners and workers as they navigate these tumultuous economic conditions, and to that end I have dedicated this page to be constantly updated with the newest information for these parties as it…
Posted on March 13, 2020 by hbrooks
The outbreak of COVID-19 is weighing heavily on our minds of late as the number of confirmed cases in Connecticut has grown with more readily-available testing capabilities and public health officials warning of the potential for widespread community transmission.
In response, the governor, in concurrence with legislative leadership, has declared civil preparedness and public health emergencies that enable the government to take specific, swift actions deemed necessary to protect the health and safety…