Effective October 2, 2020, SBA Employees and Paycheck Protection Program (“PPP) Lenders received an SBA Procedural Notice, outlining the required procedures for loan forgiveness for an entity that that is undergoing a change of ownership. For the Complete OlenderFeldman Memorandum outlining PPP Loan Forgiveness, Change of Ownership, and Borrower's Responsibilities, Click Here. For more information,…
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OlenderFeldman Secures Vital Decision in Favor of Policyholders Seeking COVID-19 Business Interruption Coverage
While questions remain as to how Courts will ultimately rule on whether business interruption claims may provide recovery under an insurance policy, a recent decision is an important win to plaintiff-policyholders seeking to clear the initial pleading hurdle in their litigations against insurers who have denied their claims. Countless businesses nationwide purchased business interruption insurance…
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OlenderFeldman Sponsors #NJsmall Movement to Bring Needed Assistance to New Jersey’s Small Businesses
We are pleased to announce our affiliation with the #NJsmall Grassroots Movement – Now a Bill Sponsored by Assemblyman Schaer – to Help Hasten New Jersey’s Economic Recovery. To read more, click here.
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Paycheck Protection Program June 19, 2020 Interim Final Rule
On June 19, 2020 the SBA posted an Interim Final Rule to implement changes made the Paycheck Protection Program (“PPP”) by the Paycheck Protection Program Flexibility Act (“Flexibility Act”). The majority of the provisions of this new Interim Final Rule amend the SBA’s initial April 20, 2020 rule to include the Flexibility Act’s new regulations.…
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