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Paycheck Protection Program

Small Business Administration
National / Small Business

SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program

February 24, 2021February 24, 2021 - by MyChesCo

WASHINGTON, D.C. — The U.S. Small Business Administration is taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses.

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Small Business Administration
Finance / National / Small Business

SBA, Lenders Take Steps to Improve Paycheck Protection Program

February 15, 2021February 14, 2021 - by MyChesCo

WASHINGTON, D.C. — The U.S. Small Business Administration and lenders are taking more strides to improve the Paycheck Protection Program (PPP) so that small businesses can access much needed PPP funds to persevere through …

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meridian corporate office
Finance

Meridian Corporation Reports Net Income of $9.0 Million in 4Q 2020, Declares Quarterly Dividend

February 3, 2021February 2, 2021 - by MyChesCo

MALVERN, PA — Meridian Corporation (Nasdaq: MRBK) this week reported:

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First Resource Bank
Finance

First Resource Bank Announces Tenth Consecutive Year of Record Annual Earnings

February 2, 2021February 2, 2021 - by MyChesCo

EXTON, PA — First Resource Bank (OTCQX: FRSB) announced financial results for the three months and year ended December 31, 2020.

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US Small Business Administration
National / Small Business

SBA Improves First Draw Paycheck Protection Program Loan Review

January 27, 2021January 27, 2021 - by MyChesCo

WASHINGTON, D.C. — The U.S. Small Business Administration is taking steps to improve the First Draw Paycheck Protection Program loan review so that small businesses have as much time as possible …

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Employers Can Now Claim Newly-extended Employee Retention COVID Tax Credit
Business / National

Employers Can Now Claim Newly-extended Employee Retention COVID Tax Credit

January 27, 2021January 27, 2021 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service is urging employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed …

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covid
National / Small Business

Economic Injury Disaster Loans, Advance Program Reopened to All Eligible Small Businesses, Non-Profits Impacted by COVID-19

January 25, 2021January 24, 2021 - by MyChesCo

WASHINGTON, D.C. — To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to …

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money
Government / National / Small Business

1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling Over $100 Billion

January 15, 2021January 13, 2021 - by MyChesCo

WASHINGTON, D.C. — The U.S. Small Business Administration reports that it has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of …

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Small Business Administration
Business / National

SBA Re-Opens PPP to Community Financial Institutions First

January 13, 2021January 12, 2021 - by MyChesCo

WASHINGTON, D.C. — The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal this week. SBA states it is continuing its dedicated …

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SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program
National

Eligible Paycheck Protection Program Expenses Now Deductible: IRS

January 8, 2021January 8, 2021 - by MyChesCo

WASHINGTON, D.C. — The Treasury Department and the Internal Revenue Service issued guidance this week allowing deductions for the payments of eligible expenses when such payments would result (or be …

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