Sign In
Free Newsletter
Sub-$2 million PPP loan borrowers meet ‘good faith’ certifications
Recipients of a less than $2 million loan via the Paycheck Protection Program automatically meet financial qualifications to receive their loan based on economic need, the Small Business Administration said in a Wednesday guideline update.
Giant announces $500,000 in grants
Carlisle-based The Giant Company announced it will award $500,000 in grants to 110 small businesses across the state to support Pennsylvania’s food supply chain during the COVID-19 pandemic.
PNC to sell 22% BlackRock stake, ending 25-year relationship
PNC Financial Services said it will divest its ownership of the New York-based asset manager, except for 500,000 BlackRock shares for a donation to the PNC Foundation by the end of the second quarter of 2020.
Penn National Gaming bets on digital platforms, omni-channel revenue recovery
After suffering a $608.6 million net loss during the first quarter of 2020, Penn National Gaming assured investors Thursday that its digital platforming and omni-channel growth strategy will help the company rebound from the COVID-19-caused recession.
COVID-19 Relief fund distributes $350K to Lehigh Valley businesses
The Greater Lehigh Valley Chamber of Commerce and business leaders in the community raised and granted $353,000 to local small businesses struggling with COVID-19-related expenses.
‘Good-faith’ rehiring efforts forgiven in latest PPP guidance update
Employers can expect to be fully forgiven for their Paycheck Protection Program (PPP) loan if they make a “good-faith” effort to bring back laid-off employees onto their payrolls — even if an employee declines their offer.
Herbein + Co. survey shows surprising post COVID-19 business confidence
While much of the discussion on the economy’s post-pandemic future has been negative, a recent flash poll conducted by Herbein + Co. of Wyomissing shows surprising optimism among business leaders in the Mid-Atlantic.
Small business owners say PPP program needs a tune up
Requirements for small businesses to be forgiven for federal paycheck protection loans are at the center of lobbying efforts to revise the program’s guidelines by industry leaders who say the aid package fails to address sector-specific challenges of the coronavirus recession.
Owner of Chaar pet supply stores calls Covid shutdown a ‘disaster’
The owner of the family-operated Chaar, a Lehigh Valley-based chain of pet supply stores, said his company was thriving in the opening months of 2020. Then, the COVID-19 crisis hit. Chaar disagrees with the state's handling of the crisis and says that "the way things were done created a disaster for our economy."
Small banks get exclusive 8-hour window to process PPP applications, and it starts at 4 pm today
Editors note: This story has been updated to correct misinformation. The eight-hour period applies to lenders that have less than $1 billion in assets, not small businesses.
Allentown unveils $500K grant program for city small businesses
The City of Allentown’s Department of Community & Economic Development is implementing a $500,000 Small Business Stabilization Program using funds it received through the CARES Act.
Neffs Bank opens new branch in Walnutport
Neffs National Bank opened its first branch office. The new location at 211 S. Best Ave in Walnutport, is the bank’s first expansion since its founding in 1923.
