Despite a 19% decline in third-quarter net income, York-based Traditions Bancorp Inc. reported a 7% year-to-date net income increase over the first nine months of 2021.

Twenty-eight Thousand dollars.   That’s how much you could get per employee for the 2021 year with the Employee Retention Tax Credit. And for 2020, you could get up to $5,000 per employee.    As part of the CARES Act, this is a refundable payroll tax credit that you can retroactively plan to receive even after significant changes have taken place in your ...

To address holes the pandemic poked in the medical equipment supply chain, York medical equipment distribution company Legacy Medical Sales, LLC,  partnered with a Turkish manufacturer to make its own products.

A Dauphin County restaurant owner faces $2.6 million in fines and up to 90 years in prison after allegedly defrauding the federal government out of $237,500 in loans from the Small Business Administration.

An extension to the Paycheck Protection Program (PPP) from March to May allowed more time for small firms and businesses looking to draw from the program for a second time to benefit from it. But without additional funds, the program is expected to dry up soon.

The federal Paycheck Protection Program (PPP) application deadline has been extended to May 31, offering small businesses another opportunity to secure critical funds to curb the economic ripple effects of the pandemic.

“The first round was helpful but it created a lot of uncertainty and anxiety,” Josh Kesler, restaurant owner said. “In the second round, the process was much clearer because everyone including the SBA, financial institutions and borrowers had all been through it before.”

Lenders with less than $1 billion in assets can now submit applications for the second round of the Paycheck Protection Program (PPP) starting today, but borrowers looking to use the program a second time will have more hoops to jump through than they did last year.

State lawmakers praised the coming of the $900 billion federal stimulus package approved by the Senate and Congress this week but noted that much more must be done before the nation recovers from its public health and economic crisis.

Businesses and individuals considering bankruptcy during the pandemic might be holding off for now while the crisis unfolds, but experts expect bankruptcies to rise as companies continue to struggle.

Soon after Black Lives Matter protests erupted across the country, requests for a directory of Black-owned businesses started flowing into the office of the Harrisburg-based African American Chamber of Commerce of Central Pennsylvania.

A list of 34 central Pennsylvania companies who received up to $10 million in Paycheck Protection Program (PPP) loan money was disclosed on Monday by the Small Business Administration.

“CDFIs are committed to supporting entrepreneurs and small businesses in low-income and underserved communities and that means collectively, these CDFIs will help keep paychecks flowing to employees who may need it the most.”

Employers can expect to be fully forgiven for their Paycheck Protection Program (PPP) loan if they make a “good-faith” effort to bring back laid-off employees onto their payrolls — even if an employee declines their offer.