Tag Archives: small businesses

Greenstein Bill to Establish New Jersey Small Business Indoor Air Quality Management Support Program Moves Forward

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 …

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OceanFirst will disrupt large new loan markets and generate significant operating leverage

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 …

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Can this family get a stake in the big marijuana business?

“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, …

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Cannabis banking legislation passes the House. Booker and other defenders have fairness concerns.

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 …

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Missouri Small Business Loans | Navigation

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 …

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Cannabis businesses will face challenges trying to open in CT, experts say

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 …

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Governor Hochul announces billion dollar small business bailout, bolsters New York’s economic recovery

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 …

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How to get a business loan with bad credit

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 …

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Nominations for National Small Business Week 2022 awards must be submitted by January 11

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 …

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Middlesex Man Sentenced to 30 Months in Jail for Paycheck Protection Program and Obtaining Funds from Stolen and Altered US Treasury Checks | USAO-NJ

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 …

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Former New Jersey Bank Loan Director Sentenced to 18 Months for Making False Representations in US to Obtain Federal Loan Guarantees | USAO-NJ

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 …

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M&T Bank Corporation – Consensus indicates potential rise of 7.5%

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 …

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Ion Bank and Lincoln 1st Bank announce merger agreement

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 …

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Camden plan that favors suburban commuters could kill downtown’s last shopping street

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 …

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LendingClub Endorses Small Business Truth in US House and Senate Loan Bill

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 …

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Hundreds of banks in NJ have closed since 2016

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 …

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Cross River Acquires Small Business Software Provider Betterfin

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. …

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Advisor Group Successfully Recruits Seven Financial Advisors With Assets Totaling $ 412 Million In Mountain West, Western US

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 …

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Middlesex County Man Charged with $ 1.3 Million Under Paycheck Protection Program and Economic Disaster Loan Fraud Program | USAO-NJ

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. …

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Things are falling apart – POLITICO

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. …

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More financing available for small businesses in NJ

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% …

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Governor Murphy must be recalled

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 …

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SBA Export Assistance Can Boost Small Business Recovery

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 …

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Two Camden County Residents Charged with Conspiracy to Defraud Victims Over $ 1.4 Million in Coronavirus Anti-Fraud Program | USAO-NJ

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, …

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Looking to the future: Bank executives say – with reservations – lending environment bounces back with post-pandemic reopenings

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 …

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Launch of a seminar on small businesses

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, …

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PPP loans are always available: here are 4 reasons to apply

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. …

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Donohoe to meet with bank chiefs as Covid-19 crisis worsens

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 …

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Can China Avoid a Bad Debt Financial Crisis?

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 …

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3 Best Ecommerce Stocks To Buy Now

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 …

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Where to donate to bolster a quiet art scene

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 …

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Commercial provisions in the American Rescue Plan Act of 2021

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 …

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