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COVID-19 LATEST: 16 more deaths in CT, including 6-week-old; ‘Desperate’ need...

In other developments today: The state is currently on track to end Fiscal Year 2020 with a General Fund deficit of $170 million; a new statewide organization has been formed to help Connecticut's nonprofits; and according to one model, Connecticut’s hospitals will hit peak resource use on April 16, at which time there will be a shortage of 2,167 hospital beds and a deficit of 499 ICU beds. The same model predicts 1,092 virus-related deaths here through Aug. 4.

Banks’ message to small businesses, individuals: ‘We’re there for you’

“We’re constantly discussing options for our customers in the face of hardship,” says Patriot Bank President Richard Muskus Jr. “We will do what we can as an organization to help them – the bank is not going to abandon them.”

Bars, restaurants doing what they can in face of COVID-19 ban

“Restaurants are not buying a lot of kegs these days,” one craft brewer noted wryly.

CDC, SBA release details of funds, small business loans during COVID-19...

Loans of up to $2 million are available, at interest rates of 3.75% for small businesses without credit available elsewhere and 2.75% for nonprofits.

Andi Gray: The ins and outs of applying for an SBA...

LOOKING TO BUY A BUILDING. OUR BANK IS RECOMMENDING WE GO THROUGH THE SMALL BUSINESS ADMINISTRATION. I’VE BEEN WARNED THAT THE SBA LENDING APPLICATION...

SBA lending up 8% in Connecticut

Small Business Administration District Director Anne Hunt says the increased lending indicates positive activity within the financial industry; that banks are taking on more loans; and that small businesses are finding it easier to approach lenders.

Small-business loans thriving for M&T Bank

The bank played a key role in rehabilitating the long-abandoned Philip Johnson Building in Ridgefield for luxury furniture and design firm BassamFellows.

Linda McMahon resigns as SBA administrator to work on Trump re-election

“I wish to thank the president and I will continue to be a strong advocate for him and his policies,” the Greenwich resident said.

Patriot Bank expanding small-business lending

The Stamford bank recently added Brent Ciurlino, a former top SBA official, to its board of directors.

After run of acquisitions, People’s United focuses on organic growth, tech

Change is the byword at People’s United Bank. With the dust still settling on its $544 million acquisition of Farmington Bank, People’s is still wrestling with the technological and cybersecurity issues facing most industries today — particularly in the financial services sector.

Small Business Administration’s New York office tops $1 billion in guaranteed...

SBA-guaranteed loans in Westchester County were up 20 percent in number from 2016 and totaled nearly $75 million.

SBA lending up in Connecticut

Among the top SBA lenders in Connecticut this year were TD Bank, Webster Bank, Berkshire Bank, Farmington Bank and Liberty Bank.

SBA chief Linda McMahon praises small businesses’ good work

“I’m absolutely, thoroughly enjoying what I’m doing, and I hope I’m making a difference," McMahon told the crowd at the Country Club of Darien.

Rockland County contractor indicted on charges of falsifying Hurricane Sandy loan...

LLF Construction was struggling financially before Hurricane Sandy struck, the criminal complaint states, and Leonardo Fabio applied the loan to other debts.

Climate change and Triple H addressed at McMahon’s upbeat SBA confirmation...

U.S. Sens. Blumenthal and Murphy introduced their former political rival for consideration.