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…
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SBA Loans for Small Businesses Impacted by Coronavirus (COVID-19)
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,…
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Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
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…
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The Firm Welcomes Jillian Goldberg & Nicholas Hector
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!
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