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Category Archives: Covid 19

APRIL 2020 COMMERCIAL TENANCY RENTAL PAYMENTS IN THE FACE OF COVID-19

As a result of the COVID-19 pandemic, commercial landlords and tenants are now faced with difficult decisions regarding their ongoing relationship.  Landlords and tenants alike must revisit their leases and scrutinize each clause to determine their respective obligations.  Ultimately, landlords and tenants should work together to find common ground regarding relaxation of lease provisions addressing…
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Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – S.3548

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…
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NJEDA Providing Loans and Grants to Small Businesses Impacted by COVID-19

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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