Category Archives: Banking

CARES Act Small Business Loan

March 27, 2020; 2:50 PM  County Executive Steve Neuhaus directed the County Attorney’s office to immediately prepare a summary of the newly passed Federal legislation which provides assistance to business and share the same with the Chamber of Commerce.    Below is the County’s immediate summary. It is not intended as legal advice but rather a summary […]

Community Capital New York Provides Short Term Loans for Small Businesses

Orange County Chamber of Commerce Member at Community Capital which provides short term loans for many small businesses.  For small business that are needing working capital during this crisis there seems to be several options.  One is to wait this out and hopefully using money saved in an emergency fund.  For those who need capital […]

Delivering on President Trump’s Promise, Secretary DeVos Suspends Federal Student Loan Payments, Waives Interest During National Emergency

WASHINGTON — U.S. Secretary of Education Betsy DeVos announced today that the office of Federal Student Aid is executing on President Donald J. Trump’s promise to provide student loan relief to tens of millions of borrowers during the COVID-19 national emergency. All borrowers with federally held student loans will automatically have their interest rates set […]

Tax Payers Able To Defer Tax Payments To The IRS For 90 Days In Light Of Outbreak

On Behalf Of Erin Blabac Tax Payers Able To Defer Tax Payments To The IRS For 90 Days In Light Of Outbreak Treasury Secretary Steven Mnuchin announced Tuesday that individual taxpayers will be able to defer up to $1 million in tax payments to the IRS for 90 days in light of the coronavirus outbreak. Corporations […]