Category Archives: Financial

Financial

Paycheck Protection Program (PPP) Application Now Available

The Paycheck Protection Program offered by the SBA - to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis is now available. Click here  for more information: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp 
Read more

Updated Critical Guidance from the Department of Labor on the Small Business Exemption to the Families First Coronavirus Act

The following guidance is being provided by OlenderFeldman LLP based upon the Small Business Exemption to the Families First Coronavirus Response Act (“FFCRA”), with official updated guidance provided by the U.S. Department of Labor (“DOL”). See https://www.dol.gov/agencies/whd/pandemic/ffcra-questions. This information is subject to change based upon revised guidance that may follow from the DOL and all…
Read more

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…
Read more

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…
Read more