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Category Archives: Covid 19

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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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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New Jersey Lockdown Procedures New Jersey Executive Order No. 107 Summary

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…
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