Posted on April 27, 2020 by jdooley
Second Round of Small Business Loans
With the passing of a second business relief package, the SBA will resume taking applications for business assistance under the Paycheck Protection Program and Economic Injury Disaster Loan Program Monday morning April 27 at 10:30am.
The new package includes:
An additional $320 billion for the Paycheck Protection Program (PPP) with a greater focus on helping small businesses:
- Minimum of $30 billion in PPP will be set aside for community development financial…
Posted on April 2, 2020 by jdooley
The Paycheck Protection Program is a federal initiative providing forgivable loans. This program is aimed specifically at small businesses with 500 or fewer employees, including nonprofit entities (including churches), veterans’ organizations, tribal concerns, self-employed individuals, sole proprietorships and independent contractors. Businesses with more than 500 employees are eligible in certain industries.
The program has a total funding level of $349 billion and is administered by…
Posted on April 1, 2020 by jdooley
HARTFORD – State Rep. Lezlye Zupkus (R-89) along with her House Republican caucus today in a letter to Gov. Lamont offered proposals to provide immediate relief to struggling businesses, idle workers, families and taxpayers coping with the economic consequences of the ongoing health crisis – including breaks on overdue property taxes, for companies facing high unemployment insurance rates and those saddled with student debt.
The proposals could be enacted quickly through executive orders if Lamont…
