Tag: Paycheck Protection Program

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80% of Small Business are Still Waiting for Financial Assistance Loans

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the staff of the Ridgewood blog

Ridgewood NJ, The NFIB Research Center released a survey today on the small business loan programs. Small business owners were asked about the Paycheck Protection Program and the Economic Injury Disaster Loan on April 17, the day after the programs ran out of money. About 20% of submitted applications have been fully processed with funds deposited in the borrower’s account, but 80% of respondents said they are still waiting, and many do not know where they are in the application process.

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Frank Pallotta GOP Candidate for Congress Wants Congressman Gottheimer to Join His Constituents and Forego his Congressional Paycheck

Frank Pallotta

the staff of the Ridgewood blog

MAHWAH NJ, Frank Pallotta, Republican Candidate for New Jersey’s Fifth Congressional District, made the following statement in response to the Paycheck Protection Program (“PPP”) running out of available funds after Democrats blocked a clean bill that would provide for a $250 billion replenishment:

“While the leader of his Party holds up legislation that has so far given 1.6 million small businesses an average of $207,000 to keep their workers employed, Josh Gottheimer should feel the pain, too. Until he can motivate Nancy Pelosi on behalf of our district to go back to Washington and make a deal, Josh should forgo his paycheck – just as millions in our district will be forced to do without the aid of this program.”

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