The $ 1.9 trillion COVID-19 relief bill is now in the hands of the Senate, after the House voted mostly along party lines to approve the package late last week. In addition to direct payments to Americans and extended unemployment benefits, the legislation includes more money for state and local governments, small business assistance, rental assistance and more funds for vaccine distribution.
The federal government’s paycheck protection (P3) loan program for small businesses is doing better in its second funding cycle, according to a New Jersey banking executive. Liz Magennis, president of North Jersey-based ConnectOne Bank, says the application process has been much smoother for banks and applicants. She continues to see a loan request and ConnectOne has processed more than…
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