April 25, 2020

Second Business Relief Package Ready

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With the passing of a second business relief package, the U.S. Small Business Administration (SBA) on Monday, April 27 will resume taking applications for business assistance under the Paycheck Protection Program and will restart processing of Economic Injury Disaster Loans.

Visit the PPP web page here.

The new federal package includes:

An additional $320 billion for the Paycheck Protection Program with a greater focus on helping small businesses (view a list of lenders here)
- Minimum of $30 billion in PPP will be set aside for community development financial institutions, banks and credit unions with less than $10 billion in assets.
- Another $30 billion in PPP at least will go to banks and credit unions with assets between $10 billion and $50 billion.
An additional $60 billion in loans and grants for the Economic Injury Disaster Loan Program. (This program provides a $10,000 emergency grants as well as loans for eligible businesses)

Businesses should contact their banks as soon as possible to check on previously submitted applications or to file a new application.

Click here for section-by-section details of the legislation.

New Laws Taking Effect July 1st

On July 1st, 2025, there will be several new laws that address a variety of topics from public safety to education, and more. Please see a brief list highlighting some important laws below, and for a full list, please visit: www.cga.ct.gov/asp/content/aeauto.asp JULY 1st NEW LAWS include: Public Act 23-21: Financial Literacy Instruction Adds financial literacy credit […]

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CT Democrats to revise massive housing bill after Republican pushback

As published by NBC Connecticut and Jayne Chacko Democratic lawmakers are amending a massive housing bill that aims to build more affordable housing. The 92-page bill, titled “An Act Concerning Housing and the Needs of Homeless Persons,” is backed by the top Democrats in the house. They expected the legislation to be debated and possibly […]

May 23, 2025

With the passing of a second business relief package, the U.S. Small Business Administration (SBA) on Monday, April 27 will resume taking applications for business assistance under the Paycheck Protection Program and will restart processing of Economic Injury Disaster Loans.

The new federal package includes:

An additional $320 billion for the Paycheck Protection Program with a greater focus on helping small businesses (view a list of lenders here)

Minimum of $30 billion in PPP will be set aside for community development financial institutions, banks and credit unions with less than $10 billion in assets.

Another $30 billion in PPP at least will go to banks and credit unions with assets between $10 billion and $50 billion.

An additional $60 billion in loans and grants for the Economic Injury Disaster Loan Program. (This program provides a $10,000 emergency grants as well as loans for eligible businesses)

Businesses should contact their banks as soon as possible to check on previously submitted applications or to file a new application.

Click here for section-by-section details of the legislation.