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Graham theaters awarded SBA grants

Graham theaters awarded SBA grants
grahamleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grahamleader.com Daily Mail and Mail on Sunday newspapers.

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1ST Constitution Bancorp Reports Record Net Income of $6.1 Million for the Fourth Quarter 2020 and $18.1 Million for the Full Year 2020 and Declares a Quarterly Dividend of $0.09 Per Share

ST Constitution Bancorp (NASDAQ: FCCY), the holding company (the “Company”) for 1
ST Constitution Bank (the “Bank”), today reported net income of $6.1 million and diluted earnings per share of $0.59 for the three months ended December 31, 2020 compared to net income of $3.2 million and diluted earnings per share of $0.34 for the three months ended December 31, 2019. Net income increased 87.0% and diluted earnings per share increased 73.5% for the fourth quarter of 2020 compared to the fourth quarter of 2019. Net income for the three months ended December 31, 2019 included $880,000 of after tax merger expenses related to the merger of Shore Community Bank (“Shore”) with and into the Bank in November 2019. ....

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Paycheck Protection Program 2.0: Second Draw Loans and Other Updates | Hutchison PLLC

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On December 27, 2020, the Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act (the “Act”) became law. The Act included $284 billion of additional funding under the Paycheck Protection Program (the “PPP”). The U.S. Small Business Administration and the Department of Treasury subsequently released interim final rules under the Act (here and here).
Notably, there is now a First Draw PPP Loan Program (the “PPP1”) and a Second Draw PPP Loan Program (the “PPP2”). Both are available until March 31, 2021. For purposes of this update, all PPP loans issued in 2020 are included in references to PPP1 loans. ....

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Paycheck Protection Program – Part 2: New Money and New Rules | Dechert LLP

The Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act (the “
Act”) was signed into law on December 27, 2020, as part of the Consolidated Appropriations Act, 2021. The Act’s goal is to extend the term of certain economic relief programs created under the Coronavirus Aid, Relief, and Economic Security Act (Pub. L. 116–136) (the “
CARES Act”), including, extending the Paycheck Protection Program (“
PPP”) program. The key updates to the PPP program implemented by the Act are outlined below.
Additional PPP Funds Available.
Additional Funding”).
The new application deadline to receive the Additional Funding in the form of a PPP loan is March 31, 2021, or upon exhaustion of the Additional Funding. ....

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SBA Reopens Portal for PPP Round Two Applications; Quick Action Recommended | Miller Canfield

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The SBA, in consultation with the Department of Treasury, has announced that it is reopening its portal for first draw and second draw PPP applications to all eligible PPP lenders today, January 19, 2021. The portal had previously been reopened to community financial institutions for first draw applications on Jan. 11 and second draw applications on Jan. 13 and to small eligible lenders (those will less than $1 billion in assets) on Jan. 15.
The deadline for submitting applications is March 31, 2021. Eligible borrowers desiring to apply for a first draw PPP loan (or increase in a first draw PPP loan) or second draw PPP loan should do so as soon as practicable in view of the funding available under the Economic Aid Act and last year s experience with applications for first round PPP loans. ....

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