If you haven’t completed an application for the Paycheck Protection Program (PPP) loan yet, you have one month left! August 8 is the new, extended deadline to file, thanks to President Trump who recently extended the deadline for small businesses in need. So far, there are over 5,000 banks and other lenders participating in the…
Today, as New York City enters Phase 3, life, in the city that never sleeps, inches closer to what we used to call normal. So, what’s Phase 3? Well, that means the city, once the epicenter of the pandemic, is continuing to loosen restrictions that were put in place to contain the coronavirus. Phase 3…
Employers added 4.8 million jobs in June, the Labor Department said Thursday. A clear indicator of the economy showing signs of recovering was the unemployment rate falling to 11.1%. That’s down from a peak of 14.7% in April. June’s positive payroll growth was the second month of gains. This comes after a loss of more…
Hours before the Paycheck Protection Program (PPP) was set to expire yesterday, the US Senate unanimously passed an extension of the program to August 8. The 5-week extension keeps the application process open for small businesses to still apply. Currently, more than $130 billion in funds are still unused. The program, intended to provide small…
