Before its shutdown, 40% of NH firms got PPP loans
When the federal Payroll Protection Program essentially ran out of money on the morning of April 16, ending the $349 billion forgivable loan program in less than two weeks, it was a bit like musical chairs: Would your business be one of the 1.6 million to get their loan approved before the music stopped?.

Nothing personal, but ‘don’t come here’
Bonnie Miles has been selling real estate for 35 years and has seen just about everything, but she never envisioned the day when she was not invited to a property closing..

Falvey steps down as Bank of New Hampshire CEO
Bank Vice President Michael Seymour told The Laconia Daily Sun that until a permanent successor is found, Falvey will be replaced by Michael J. Long, a member of the bank’s board of directors and the retired president and chief executive officer of Community Guaranty Savings Bank in Plymouth.

How much will feds reimburse NH for jobless payments?
New Hampshire’s unemployment trust fund has been drained by about $30 million since the coronavirus crisis began — enough to spark a tax increase on businesses next quarter, if federal help does not arrive soon both in terms of cash and in terms of changing the law.

Realtors survey: Buyers, sellers pulling out of market
Some 684 homebuyers and sellers responded to a Realtors’ survey on April 8, down from the 872 who answered an identically worded survey just two weeks after the governor issued his stayat-home order closing all nonessential businesses (including real estate until the group lobbied for an exemption).

NH BUSINESS REVIEW
ntichanuk@mcleancommunications.com.

UNH research finds a second-home coronavirus spike
“These findings are consistent with anecdotal reports from popular vacation spots that were seeing an increase in visitors, including some who may have unknowingly been infected, that are leaving urban areas and trying socially distance at second...

CDFA, BFA set up new fund to aid nonprofits
The CDFA and BFA will be administering the resources of the newly created fund, which will be funded in part by contributions from the business community and provide nonprofit organizations with resources up to $100,000 for working capital, equipment purchases and programming expenses.

Skiers aid medical personnel with ‘Goggles for Docs’
New Hampshire skiers have joined the effort to put Covid-19 on a downhill slope with “Goggles for Docs,” a nationwide effort to provide ski goggles to medical professionals across the country who have no eye protection as they care for infected patients.

MedTech Collaborative is launched in the Upper Valley
The alliance — formerly the Hanover and Lebanon Chambers of Commerce — said UVMTC will bring medical technology entrepreneurs, companies and investors in the region to address the complex challenges they face when trying to bring a device to market and to grow their medtech businesses.

IN BRIEF
CONCORD: Front-line workers at New Hampshire nursing homes and other long-term care facilities will get extra pay and many will be tested for the coronavirus, Gov. Chris Sununu said.

TAKE5
If the negative economic impact persists for another six months, retailers expect a 50% drop in revenue, with stores projecting at least a 25% decrease in annual sales over the next three months..

Up to the coronavirus challenge
Through the project, meals will be delivered to the New Horizons Shelter and Soup Kitchen, Varney Street Apartments, The Family Place and Resource Center, Men’s Transitional Living Program and Women’s Transitional Living Program.

Publicly held firms adapt, some retrench amid Covid
Furloughs, closures, some corporate pay cuts, virtual meetings and canceled guidance are some of the actions that New Hampshire’s publicly traded companies disclosed in Securities and Exchange Commission filings over the last month in reaction to the coronavirus-induced recession that has slammed the nation.

Inhospitable times
“I’ve never seen so much traffic down there. It was almost like the summer,” Roche, president of Roche Realty Group, recalled. “There were tons of surfers out there in their wetsuits and tons of people on the sidewalks, and the next day they had it all taped off.

Seasonal visitor influx worries NH’s vacation spots
With the Covid-19 outbreak, the prospect of an idyllic summer on Golden Pond has become a source of concern — even foreboding — for popular summer vacation spots in the Lakes Region and White Mountains, where officials and residents weigh the impact from the annual influx of seasonal homeowners and occasional tourists.

Observations on Covid-19
Starting on the first day applications could be submitted, the volume of applications was huge. Bankers worked around the clock and through the weekends, to get these applications processed. This was made somewhat complex by evolving rules and understanding of what was required, and different banks required different kinds of backup information.