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Banks earn $14 million in fees on local paycheck protection loans


Financial institutions pulled in $14.1 million in fees for issuing loans to Luzerne County businesses in the first round of the Paycheck Protection Program. FNCB earned the most, receiving more than $1.9 million for distributing 454 loans totaling nearly $54.3 million.
The Citizens’ Voice ....

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Self proprietors say PPP loans better than nothing


“All was great, and then COVID hit. It was scary,” Giambra said.
The coronavirus pandemic was gaining ground fast in Pennsylvania, and to slow the spread, the state government ordered non-essential businesses to temporarily close by March 19 or face enforcement action.
Giambra, who opened her Wyoming Avenue shop, The Yoga Studio, in 2008, saw a glimmer of hope when, days after the closure, Congress enacted the Paycheck Protection Program — a forgivable loan program to help small businesses stay afloat and keep employees on payroll.
Giambra’s accountant submitted an application for her. She expected to qualify for about $3,000. She got $600.
Giambra said $3,000 would have helped cover her rent, and that’s why she applied — “to continue being able to keep my place afloat until business came back to where it was. It still hasn’t.” ....

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Over $57 million in coronavirus relief coming to local schools

U.S. Rep. Matt Cartwright, D-8, Moosic, announced on Friday the release of $122,392,212 in federal funding for schools in Northeast Pennsylvania. ....

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Wilkes-Barre accepting applications for utility assistance


The City of Wilkes-Barre is ready to accept pre-applications for the Residents’ Emergency Utility Assistance Program, Mayor George Brown’s Office announced Thursday.
The program is open to those who occupy a home (rented or owned) in the city limits, and are responsible for the utility bill, who have experienced a 30% or greater reduction in total household income, as well as to any residents who are on a fixed income and can demonstrate an increase in daily living expenses due to preparing for, preventing, or responding to the COVID-19 pandemic.
Assistance provided may equal the average of up to six months of utility bills. The financial assistance will be provided from a one-time grant from the COVID-19 Community Development Block Grant, authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and will be paid directly to the utility company identified on the application. ....

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