Tag: Paycheck Protection Program
Local lenders report slowdown in PPP applications but increased anxiety over...
PROVIDENCE – The flood of applications from small businesses desperate for payroll relief has slowed to a trickle, local lenders say.
But while demand for...
Pandemic Diary: The quest for financial resiliency
(Editor’s note: This is the fifth installment in a weekly series on how Cooley Group is managing the COVID-19 pandemic, from the perspective of...
R.I. businesses secure $593M in second-round PPP funds as approval rate...
PROVIDENCE – After inundating local lenders with applications for federal payroll relief funds, demand for the U.S. Small Business Administration’s Paycheck Protection Program among...
Five Questions With: Michael Clarkin
Michael Clarkin serves as senior vice president and corporate sales manager for The Washington Trust Co., where he has worked since 2010.
He previously...
R.I. businesses secure $550M in round-two PPP loans; less than half...
PROVIDENCE – More than 6,800 Rhode Island small businesses secured a total of $550.4 million for payroll relief under second-round funding for the U.S....
Aspen Aerogels posts $3.2M loss in Q1; approved for PPP loan...
NORTHBOROUGH, Mass. – Aspen Aerogels Inc. reported a $3.2 million loss in the the first quarter of 2020, an improvement from a loss of...
Certain businesses left behind in dash for stimulus loans?
Elyse Farnsworth was eagerly awaiting the rollout of the U.S. Small Business Administration’s Paycheck Protection Program.
The hair stylist and owner of Arrow Salon LLC...
SBA: Small businesses move to head of loan application line
NEW YORK (AP) – The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday as the Small Business...
Bottleneck continues as businesses seek government relief loans
NEW YORK (AP) – Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a...
Local lenders prepare for fast and furious second round of PPP...
PROVIDENCE – “A breath of fresh air” is how Leland Merrill, chief lending officer and chief operating officer of BankNewport, described it when the...
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