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April 19, 2020

CT COVID-19 hospitalizations decline; SoFi to help process bridge loans

Photo | CT Mirror/Mark Pazniokas Gov. Ned Lamont and Dr. John Rodis watch a mobile hospital being erected outside St. Francis Hospital and Medical Center.
By Greg Bordonaro

In a bit of good news, Connecticut Saturday saw a slight decline in patients hospitalized with COVID-19, according to Gov. Ned Lamont.
 
There are 1,928 patients in Connecticut currently hospitalized with COVID-19, down eight patients from the previous day, Lamont said.
 
“This is providing us with some hope, and is a sign that our social distancing measures are having an impact,” Lamont said. “But one day of data alone does not mean we are out of the woods and can return to life as normal. Many of our hospitals and nursing homes remain under great stress, and our front line workers continue to battle this virus around the clock. But we have shown that with proper measures in place, we can slow down the spread of the virus.”
 
That was the good news. The bad news is the state recorded an additional 741 positive COVID-19 cases within the last 24 hours, bringing the statewide total to 17,550. 
 
To date, more than 58,213 patients have been tested in Connecticut and there have been 1,086 COVID-19 associated deaths in the state.
 
Hartford County has 3,196 laboratory-confirmed COVID-19 cases, 417 laboratory-confirmed COVID-19 hospitalizations and 289 coronavirus-related deaths, according to the governor’s office.

Things to know: Fintech SoFi helping on bridge loans
 
The Department of Economic and Community Development (DECD) formally announced Saturday it has formed partnerships with online personal finance company SoFi and credit-reporting agency Equifax to expedite the processing and payments of the state’s emergency bridge loan program.
 
HBJ was first to report on the partnership Friday.
 
The $50 million program was created by DECD to provide cash flow relief to small businesses and nonprofits negatively impacted by COVID-19. The DECD program has already received over 5,000 applications.
 
While DECD will make all lending decisions, SoFi will utilize its advanced technology to expedite all loan processing and send out money to ensure borrowers receive their financial assistance in a timely fashion. 
 
DECD Commissioner David Lehman said the goal is for all funding to go out by the end of April.
 
Equifax will validate required information of recipients, credit and bank accounts. 

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