Tag Archives: small businesses

Greenstein Bill to Establish New Jersey Small Business Indoor Air Quality Management Support Program Moves Forward Trenton– In an effort to improve air quality for New Jersey small business employees, the Senate Labor Committee today proposed legislation sponsored by Senator Linda Greenstein that would establish the “Management Support Program Indoor …

DenisTangneyJr/iStock via Getty Images Banking is a business where the Goliaths don’t always have decisive advantages over the Davids. With regard to commercial lending, in particular, smaller banks can often succeed by hiring productive loan officers unhappy to work for less entrepreneurial banks and exploiting them with high interaction service …

“We just want to try to take that away.” If approved for what’s called a retail microlicense, the three-generation family – whose members range in age from 31 to 78 – plans to open a roughly 2,500-square-foot store filled with a range of cannabis-based products. The store has a name, …

EDITOR’S NOTE: NJ Cannabis Insider, NJ.comThe B2B Cannabis Industry Business Journal and Vertical Events, is hosting a business meeting on February 17 in Jersey City. Tickets are limited. Legislation allowing banks to offer credit cards, checking accounts and other financial services to legal cannabis businesses passed the US House on …

More than half a million small businesses call Missouri home and in turn employ some 1.2 million Missourians according to the SBA Advocacy Office. Small business loans are essential for many new and existing businesses, as well as those struggling to survive the challenges posed by the coronavirus pandemic. If …

Finding a location will likely be a challenge for those looking to start one of Connecticut’s first recreational cannabis businesses, experts say. Nationwide, federal law is making it harder for cannabis companies to get loans to buy property, and many landlords who have outstanding debts with major lending institutions are …

Governor Hochul announces billion dollar small business bailout, bolsters New York’s economic recovery Skip to main content Your browser does not support iframes Governor Hochul announces billion dollar small business bailout, bolsters New York’s economic recovery New tax credit will provide relief for small businesses with COVID-related capital expenditures Small …

A business loan is a great way to help your business grow. But what if you have bad credit? Fortunately, there are steps you can take to increase the odds of getting approved for small business loans, which we’ll discuss here. What do lenders consider bad credit? Many of us …

December 21, 2021 Nominations are now being accepted for the 2022 National Small Business Week (NSBW) awards in the Garden State. The NSBW Awards recognize the accomplishments of SBA-assisted small businesses and the contributions they have made to their communities and our nation’s economy. “The New Jersey SBA has had …

A New Jersey man who stole hundreds of thousands of dollars from Covid relief funds – in part by forging a US government check for $ 1,886.87 to read $ 211,886.87 – was sentenced this week to more than two years in prison and ordered to reimburse the money. Bernard …

TRENTON, NJ – A man in Middlesex County, New Jersey was sentenced today to 30 months in prison for fraudulently receiving Payment Protection Program (P3) funds and depositing a stolen US Treasury check and tampered with, Acting Prosecutor Rachael A. Honig announced today. Bernard Lopez, 40, had already pleaded guilty …

TRENTON, NJ – A man from Pennsylvania was sentenced today to 18 months in prison for obtaining a federal guarantee on certain loans by making false representations to the Small Business Administration (SBA) about the creditworthiness of those loans then that he was the loan officer for a Bank of …

M&T banking company found using ticker (MTB) now have 17 total analysts covering the stock. The consensus rating is “Buy”. The range between the high target price and the low target price is between 201 and 158.65, with the average target price being 173.92. Given that the previous close of …

Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here. Ion Bank to expand its footprint in New Jersey NAUGATUCK, CT and PINE BROOK, NJ / ACCESSWIRE / November 23, 2021 / Ion Financial, MHC, Connecticut-based, parent company of Ion Bank, and …

Rosemari Hicks was sure she had found the perfect spot for her independent cafe in early 2020 when she rented a vacant storefront on Camden’s Market Street. An art center and beer garden had previously opened nearby, joining a drugstore and a beloved fried chicken restaurant. She named her business …

SAN FRANCISCO, November 18, 2021 / PRNewswire / – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, the leading digital marketplace bank in the United States, approved a bill introduced today in United States House and Senate that would extend the transparency standards of the federal Lending Truth …

Over a five-year period, the number of bank branches declined by over 400 in Garden State. Banks say the main reasons are customer driven, but consumer advocates say there are plenty of New Jersey residents young and old who are greatly inconvenienced by the trend. “We want to avoid banking …

November 2, 2021 Cross River Bank, the Fort Lee-based technology-driven financial services organization, announced the acquisition of Betterfin, a financial platform that provides small business owners with access to a wide range of products and services. financial solutions, capital market data and manage their own loans. and cash flow processes. …

Advisors join Via Advisor Group Royal Alliance subsidiary and Super-OSJ Pacific Capital Resource Group in Bellevue, Washington Posted: October 14, 2021 at 6:00 a.m. EDT|Update: 29 minutes ago PHOENIX, October 14, 2021 / PRNewswire / – Advisor Group, the largest national network of independent wealth management firms, today announced the …

By the New Jersey Economic Development Authority on October 13, 2021 Hispanics have become the largest minority group in the United States and are the second fastest growing group in the country behind Asian Americans. This huge increase in population is clearly linked to economic growth, as Hispanic households now …

04 October 2021 The Morris County Disaster Recovery Center, which the Federal Emergency Management Agency (FEMA) opened in Morris Plains to help residents affected by the remnants of Hurricane Ida, will close at the end of business day this Wednesday, October 6. 2021. The temporary center, located in the Morris …

For many small business owners in America, the pandemic has dealt a severe blow. The ways in which they could conduct their business have changed, from going digital during the lockdown to forced reconfiguration of their day-to-day operations. Some, unfortunately, had to close completely. What is perhaps a lesser-known, though …

Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange PKBK – Market data and news To exchange Parke Bancorp Inc (NASDAQ: PKBK), …

By JOSEPH DE LA CRUZ Raj Rajput is used to dealing with difficult situations. But the taekwondo master faces a new challenge, and it’s not exactly on his own initiative. The owner of Warriors Taekwondo at 5904 Riverdale Ave., Rajput – like many others – was forced to shut down …

Ehren Ryan was one of the lucky ones. Its Common Lot restaurant in Millburn was one of 3,086 restaurants, bars and other dining establishments in New Jersey receiving a total of $ 913.5 million through the Small Business Administration’s Restaurant Revitalization Fund. The money helped him retain his staff and …

NEWARK, NJ – A man in Middlesex County, New Jersey was arrested today on charges relating to his role in fraudulently obtaining $ 1.3 million in loans from the Federal Check Protection Program Payroll (PPP) and Disaster Economic Loans (EIDL), Acting U.S. Attorney Rachael A. Honig announced today. Jordan C. …

Editor’s Note: Morning Money is a free version of the POLITICO Pro Financial Services morning newsletter, which is sent to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the biggest of the day. …

The New Jersey Economic Development Authority has opened pre-registration for Phase 2 of its Small Business Emergency Assistance Loan program as part of Governor Phil Murphy’s ongoing COVID-19 relief effort. NJEDA Director of Business Banking Derrick Benns said the loan program provides funding of up to $ 100,000 at 0% …

The saying “Think globally, act locally” has a parallel in the way news is received. Headlines emphasizing the big news can seem to imply that important events or acts are happening far away, not in our backyards. It is true whether they are international or digital sources, the national or …

Charlene Crowell (Courtesy photo) In recent years, consumer credit protections have withered due to a series of harsh attacks that have either dismissed or dramatically reduced financial safeguards in the market. But yet another victory for consumers, spurred on by a wave of support from ordinary citizens, academics and bicameral …

A man from Newton has admitted illegally obtaining a $ 5.6 million COVID relief loan for struggling businesses during the pandemic. Azhar Sarwar Rana, 30, pleaded guilty on Thursday to bank fraud and money laundering in federal court, according to a statement from the US prosecutor’s office. He was arrested …

As election campaigns loom, the State Senate on Thursday passed a $ 46.4 billion spending plan with income tax cuts for hundreds of thousands of New Jersey families, news tax deductions for college savings, tuition and loans, and a historic $ 6.9 billion contribution to the public pension. funds. The …

Forbes releases its fourth annual ranking of the best banks and credit unions, in partnership with market research firm Statista. ASSOCIATED PRESS AAs the US economy recovers from the coronavirus pandemic, banks and credit unions across the country have been at the forefront of a rapid economic recovery. There are …

M&T banking company with ticker code (MTB) now have 17 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price is between 190 and 147, with the average target price being 167.96. Given that the previous close of shares was at 155.59, this indicates that there …

NEW YORK – (BUSINESS WIRE) – June 16, 2021– HSBC Bank USA, NA, (HSBC), part of the HSBC Group, today announced that it offers Sustainable Development Loans (SLLs) that will allow US businesses to tie their borrowings to activities that support a more sustainable, resilient and prosperous world. HSBC SLLs …

Every friend of mine has come to the same conclusion about Governor Murphy: he needs to be remembered and, at the same time, held accountable for his actions. Some reasons: • He knowingly mixed up recovering elderly COVID patients released from hospitals to nursing homes, resulting in the deaths of …

Nearly half of small business owners were unable to fill job vacancies last May, according to the National Federation of Independent Businesses’ monthly employment report. It’s a record. In fact, May marks the fourth consecutive month of record readings for vacancies. Small business owners are doing all they can to …

Credit: (Photos of Money from Flickr; CC BY 2.0)File photo New Jersey has received more than $ 6 billion in federal COVID-19 relief funding, and like other federal aid programs, there is a long list of things money can and cannot be spent on. . Gov. Phil Murphy has yet …

Dan Hoffmann Gov. Phil Murphy’s proposed new budget has rekindled controversy over the practice of diverting revenues from the State Housing Trust Fund for purposes other than affordable housing – something that previous governors of the two parties had done, but he vowed not to do. The proposal would embezzle …

Receive instant alerts when news about your stocks is available. Claim your 1-week free trial for StreetInsider Premium here. CLINTON, NJ, June 1, 2021 (GLOBE NEWSWIRE) – Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, was New Jersey’s top-ranked community bank on the recent publication American banker …

ROCHESTER, Minnesota – Mantorville, Minnesota is known for many things: its history as a stagecoach stop, its haunted opera house, and the famous Hubbell House restaurant. However, the Dodge County community of 1,197 people is not known as a place to grow oranges. This is why a Paycheck Protection Program, …

By Al Titone, District Manager of SBA New Jersey May 25, 2021 As small businesses strive to recover from the COVID-19 pandemic, many may look to international trade to expand revenue opportunities. May is International Trade Month, which is the perfect opportunity for small business owners and entrepreneurs to regain …

Two residents of Camden County have fraudulently obtained federal Paycheck Protection Program (P3) loans and economic disaster loans (EIDL) totaling $ 1.4 million, federal prosecutors alleged Thursday. Stephen Bennett, 45, of Berlin, New Jersey, and Rhonda Thomas, 36, of Sicklerville, have each been charged with one count of conspiracy to …

CAMDEN, NJ – Two residents of Camden County, New Jersey have been charged with their role in fraudulently obtaining federal Paycheck Protection Program (P3P) loans and economic disaster loans ( EIDL) totaling $ 1.4 million, acting U.S. lawyer Rachael A. Honig announced today. Stephen Bennett, 45, of Berlin, New Jersey, …

Assemblies vow to fight for COVID-19 relief for small businesses FOR IMMEDIATE RELEASE: TRENTON, May 5, 2020 – As part of the Small Business Day, NFIB members here in New Jersey have taken on several issues that would be devastating for small business owners in the state.: the need for …

Between personal bank accounts filled with stimulus dollars and relief programs strengthening corporate balance sheets, loan growth has been lackluster for financial institutions over the past year. But bank executives say that could change – and sooner than expected. Banks are already posting record profits in the first quarter of …

NEWARK, NJ, May 3, 2021 / PRNewswire / – One of the New Jersey The best impact investing strategists should take the helm of a leading community development organization, with ambitious plans to scale up local investments in affordable housing, economic development, health, education and l ’employment. Jorge cruz, a …

The coronavirus pandemic has shut down nearly a third of small businesses in New Jersey, according to estimates from the New Jersey Business & Industry Association and others. Today, as the pandemic subsides, the Burlington County Council of Commissioners is trying to help revitalize the county’s small business community. Commissioners, …

Red Bank brothers and restaurant veterans Aiden and Louis Ardine share a passion for connecting with people – something they often did when working on Bond Street in Asbury Park. After the stressful and pandemic summer of 2020, they quit their jobs on Bond Street – Aiden was a bartender, …

A street in Philadelphia in May 2020.Matt Rourke / AP Let our journalists help you understand the noise: subscribe to Mother Jones Daily newsletter and get a recap of the news that matters. The paycheck protection program was supposed to help small businesses struggling with the crippling financial effects of …

Small businesses and nonprofits hardest hit by the coronavirus pandemic are now eligible for additional support of less than $ 5 billion Small business administration program The new series of economic disaster loans, known as Targeted Supplemental Advances, are available to up to 1 million small businesses and nonprofits with …

Governor Phil Murphy recently signed a five-bill package that will provide $ 100 million in grants to various New Jersey small businesses, restaurants, arts and culture establishments, and nonprofits. These grant programs provide additional relief and demonstrate that there is still a need in the state to support local organizations. …

A closed sign is displayed in a business window in near-deserted Lower Manhattan on April 17, 2020 in New York City. Many small businesses benefited from a government emergency loan program during the pandemic, but its effectiveness is still in doubt. Spencer Platt / Getty Images hide caption toggle legend …

A year after the COVID-19 pandemic blurred the Triple Crown schedule, the sport will once again be in the national spotlight on the first Saturday in May with the 147th Kentucky Derby. But as the nation’s top coaches take center stage at Churchill Downs, this is in stark contrast to …

By TD Bank on April 23, 2021 Last year, the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) was created by Congress through the U.S. CARES Act and enhanced in December 2020 through the Act. on Economic Aid for Small Businesses, Non-Profit Organizations and Aid Act). This was helpful …

Finance Minister Paschal Donohoe to hold meeting Wednesday afternoon with CEOs of banks on how the industry is responding to fallout from the Covid-19 crisis and an expected increase in bad debts as many companies go bankrupt and homeowners falling behind on mortgages. payments, according to sources. The meeting was …

Trade frictions with the United States have slowed China’s growth. While the economy appears to have bottomed out on support from stimulus measures, it remains burdened by a major problem reported by many in recent years: excess corporate liabilities and bad bank loans. A financial crisis in China could deal …

Three actions that I really like for 2021 are Farfetch (NYSE: FTCH), Stamps.com (NASDAQ: STMP), and eXp World Holdings (NASDAQ: EXPI). These three stocks dominate their respective sectors. Farfetch is a rapidly growing $ 22 billion company with high fashion sales shifting to internet shoppers around the world. Meanwhile, Stamps.com …

By Suvashree Ghosh The last stronghold of India’s $ 1.6 trillion banking sector faces a test of its resilience as private lenders brace for erosion in growth and loan quality due to the coronavirus. Follow the latest updates on the COVID-19 pandemic here The strongest private banks in the country …

The recent $ 900 billion COVID-19 economic relief program is providing long overdue help to businesses and individuals. The related law, the Consolidated Appropriations Act, has provided more than $ 300 billion in assistance to small businesses. It has also ensured tax deductibility of business expenses paid with canceled Paycheck …

HONG KONG — As the first major economy to push back Covid-19, China is now leading the world in preparing to unwind its pandemic-induced economic recovery efforts. Unlike the United States and Europe, which still flood their economies with cash and spending, China has started to restrict credit in some …

As businesses close their doors in South Florida and unemployment skyrockets to record highs, landlords face a difficult dilemma: How to offer rent deferrals to tenants and at the same time pay off their mortgages ? Landlord Shane Neman said he offered deferrals to commercial tenants, but says two of …

As we move into April, treating people sick with Covid-19 and preventing others from becoming so remains a priority in New York, as it does across the country. But how can we pay attention to others particularly affected by the crisis? The city-wide shutdown of non-essential services has devastated the …

Why are we talking about a public credit register? For large businesses, which have tax filing records, public financial statement history, etc., getting loans from banks is a routine matter. But for most small entrepreneurs, due to the lack of transparency and credit history, obtaining loans from the formal system …

COBRA healthcare coverage Section 9501 – Employees have new options for extending COBRA health care coverage. Former unemployed employees can get bonus assistance from April 1, 2021 to September 30, 2021. Rental assistance to tenants – Indirect assistance to landlords Section 3201 – Low-income tenants may be eligible for Emergency …