Category Archives: Banking

This just in from the ASBDC in DC….

The U.S. Senate by unanimous consent cleared the House-passed bill to extend the Paycheck Protection Program. The bill: ·         Extends the PPP loan forgiveness period to include costs incurred over 24 weeks after a loan is issued or through Dec. 31, whichever comes first. Businesses that received a loan before the measure is enacted could keep […]

Paycheck Protection Program Funds Still Available

Paycheck Protection Program Funds Still Available Round Two still has over $100 Billion for Borrowers in Need NEW YORK, NY – Billions of dollars in potentially forgivable Payroll Protection Program (PPP) capital remains available to small businesses and nonprofits to help provide eight weeks of payroll and certain overhead to keep workers employed. PPP, created out by […]

SALISBURY BANK STANDS STRONG FOR THE PEOPLE AND BUSINESSES IT SERVES

Lakeville, CT – April 24, 2020 – During difficult economic times people turn to their community leaders and bankers for security and solutions. During today’s unprecedented COVID-19 crisis people are faced with fears that extend beyond economic loss. Concerns about personal health, wage loss, debt and long-term community stability are all factors making this one […]

FROM THE SBA

“We now have a web page where everything you need to know about PPP is available to lenders, borrowers, and an  updated lender locator.  That site is www.sba.gov/paycheckprotection.  You can send borrowers who want to know how to participate, lenders who want info, and the lender locator.   EIDL loan dollars should start to be disbursed Today […]