Mike Roer

May 20 Update. PPP funds are still available to small business in need. For information on participating lenders or how to apply contact Connecticut_DO@sba.gov. 
For more information about PPP see
https://www.sba.gov/document/report--paycheck-protection-program-ppp-report
For the most up to date answers to frequently asked questions click https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf?utm_medium=email&utm_source=govdelivery

May 6 UPDATE. 
There is still loan money available to help small businesses through the Paycheck Protection Program.  The process is smooth and easy and funding can be moved quickly.  To find a qualified lender https://www.sba.gov/offices/district/ct/hartford.  If you are having trouble finding a lender or have questions about the Paycheck Protection Program contact (860) 240-4672 or email: Connecticut_DO@sba.gov

May 2 UPDATE.  Since Round 2 of PPP loan processing began on April 27, 2.2 million loans have been made to small businesses which surpasses the number of all loans made in PPP Round 1.  The total value of these 2.2 million loans is over $175 billion.  Notably, the average loan size in Round 2 is $79,000, yet another indicator that the program is broadly based and assisting the smallest of small businesses. In Connecticut 29,559 loans were approved totaling $2,556,813.941.  “Nearly 500,000 of the loans were made by lenders with less than $1 billion in assets and non-banks.  These lenders include Community Development Financial Institutions, Certified Development Companies, Microlenders, Farm Credit lending institutions, and FinTechs.  Over 850,000 loans—about one third of the 2.2 million loans—were made by lenders with $10 billion of assets or less.  

For more information see SBA PPP  home page   
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