Business as Usual. Remote or otherwise. We know our clients and the business community at large are now reaching the point of COVID-19 news fatigue. You are also being barraged daily with vendor messages about support and monitoring on developments on the coronavirus spread. But none of that has anything to do with what our clients are most concerned about: the specific impact on your business. At OlenderFeldman, we look at the matter of the coronavirus through that lens.

Business as Usual. Remote or otherwise. For many businesses, moving to a remote workplace as an adaptation to the Coronavirus is an effective and efficient means of business continuity. However, the logic and rationale of doing so falls apart if the data privacy and security procedures and processes you have (or should have) in your office fall apart when people start working remotely from their homes. Of course, it does not need to be that way. Please consider the follow

Pandemics and Force Majeure 1. What is a ‘force majeure’ clause? ‘Force majeure’ clauses excuse or defer performance of a contract in the event of certain circumstances beyond a party's control that may render performance impractical or impossible. These clauses typically provide a list of specific events that, upon occurrence, would excuse or delay a party’s performance or in some cases, permit the termination of the contract. An example force majeure clause is below: Forc

The following guidance is being provided by OlenderFeldman LLP based upon Executive Order 107 issued by Governor Phil Murphy on March 21, 2020 and the follow on official guidance provided by the State of New Jersey through the Covid19.nj.gov website. This information is subject to change based upon revised guidance that may follow from the Governor’s office and all clients should refer to the aforementioned website for update information. This Executive Order goes into effect

We are very pleased to announce two recent additions to our Corporate Department. Our robust corporate practice is benefiting greatly from the skill sets of both Jillian and Nicholas. Welcome!

Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (S.3548) Small Business Support The bill includes a $350 billion package, which would expand the existing SBA Section 7(a) loan program to provide loans of up to $10 million for qualifying small businesses, along with an opportunity for future loan forgiveness. Eligibility for these small business interruption (“SBI”) loans will expire on December 31, 2020, and is limited to businesses with less than 500 employees

SBA Loans for Small Businesses Impacted by Coronavirus (COVID-19) Economic Injury Disaster Loans The Small Business Administration (“SBA”) provides low interest Economic Injury Disaster Loans up to $2 million to help small businesses recover from declared disasters, including coronavirus (COVID-19). Many states have received an Economic Injury Disaster Loan declaration including New York, New Jersey, Connecticut, and Pennsylvania. Small businesses in these states are eligi

NJEDA just announced a modest loan and grant program for NJ small businesses and investors impacted by COVID-19. Among other programs, qualifying small businesses with revenue under $5mm could receive $100K low-interest loans (actually interest free for first 5 years) depending on the nature of detrimental impacts from the pandemic. The programs also provide guarantees to certain investors and modest grants to small businesses per full-time equivalent employee ($1,000-$5,000

Background On March 27, 2020, President Trump signed the "Coronavirus Aid, Relief, and Economic Security Act" (CARES ACT). The law includes a lending program for small business and targeted relief for hard-hit industries impacted by the COVID-19 national emergency. A summary of the legislation follows. Summary The law includes a $350 billion package that would expand the existing business loan program under Section 7(a) of the Small Business Act (“SBA”) to provide loans of up