NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, releasing detailed loan-level data yesterday regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to millions of American small businesses, supporting more […]
Today, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a […]
The Federal Reserve yesterday launched its expanded Main Street Lending Program through the Federal Reserve Bank of Boston to provide another level of assistance to help small and medium-size businesses weather the coronavirus pandemic. The Main Street lender portal is now open for lender registration, and the Main Street Lending Program Forms and Agreements are now available. […]
Nearly three months have passed since most U.S. restaurant dine-in operations were ordered to close to prevent the spread of COVID-19, and for the week of June 8, more than 68%* of all restaurant units are in states, counties, or municipalities where they are permitted to reopen their on-premise dining service. This does not mean […]
The U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have […]
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