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Stock impact report

Unity Bank Provides $130 Million in PPP Loans, Saving Thousands of Jobs Through SBA COVID-19 Lending Program

Unity Bancorp, Inc. (UNTY) 
Last unity bancorp, inc. earnings: 4/17 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/101233
Company Research Source: GlobeNewswire
CLINTON, N.J., April 29, 2020 (GLOBE NEWSWIRE) -- Gary Shiman, Co-Owner and Executive Vice President of Bellari Home Remodeling of Branchburg, represents one of the nearly 1,000 businesses that will receive more than $130 million in Unity Bank loans through the Small Business Administration (SBA) Paycheck Protection Program (PPP), the special funding initiative designed to help small businesses survive the coronavirus (COVID-19) pandemic. “I consider myself very lucky to have been a customer of Unity Bank when this crisis struck because the government placed banks in a very difficult position by asking them to be responsible for getting PPP funds in the hands of businesses,” said Shiman. “Banks had to drop everything and turn on a dime to make PPP happen, which was not an easy task. Unity Bank is everything a community bank is supposed to be so they made it happen for us, but I could have lost a 70-year-old business if not for Unity.” Bellari, formed in 1950 under the name Somervi Show less Read more
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