Did You Receive a Paycheck Protection Program Loan? SBA Released the Application for Forgiveness

Posted on May 19, 2020May 20, 2020 by mchattie

Following up on our previous article, Your PPP Has “Hit the Account,” Now What?, the U.S. Small Business Administration (“SBA”) has now released its Paycheck Protection Program Loan Forgiveness Application. Those Small businesses who received the loan will be able to seek forgiveness at the end of the 8-week coverage period that began when the money “hit the account” by submitting the Read more about Did You Receive a Paycheck Protection Program Loan? SBA Released the Application for Forgiveness[…]

Your PPP Has “Hit the Account,” Now What?

Posted on April 28, 2020May 11, 2020 by mchattie

Needless to say, the last few weeks have been a hectic, chaotic “roller coaster” for small businesses who are all trying to stay alive and understand and apply for the various relief programs that have been made available, including the SBA’s Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). If you’ve successfully “navigated” Read more about Your PPP Has “Hit the Account,” Now What?[…]

New Small Business Relief Bill Approved

Posted on April 23, 2020April 24, 2020 by mchattie

BREAKING: The Senate has approved an additional $480 billion coronavirus aid package that includes additional money in new funding for small businesses hurt by the outbreak. We are urging our clients, if they have not already applied, to IMMEDIATELY apply for the Paycheck Protection Program and/or the Economic Injury Disaster Loan. Many missed the first round by moving too Read more about New Small Business Relief Bill Approved[…]

Paycheck Protection Program SBA Lenders

Posted on April 22, 2020April 24, 2020 by mchattie

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. In order to apply, you Read more about Paycheck Protection Program SBA Lenders[…]

Available State By State Relief Programs

Posted on April 10, 2020April 24, 2020 by mchattie

We can’t stress enough the importance of submitting these coronavirus relief applications as soon as possible. All programs have a limited amount of funds and program funds will be exhausted more quickly than you think – for New Jersey’s first program it was 1hr. and 15mins. (chart updated as of 4/6/20) If you have any questions whatsoever Read more about Available State By State Relief Programs[…]

Coronavirus Update: NJ Gov. Phil Murphy Issues 4 New Executive Orders this Week

Posted on April 10, 2020April 10, 2020 by mchattie

As the coronavirus outbreak continues to overwhelm New Jersey with positive cases and its highest single-day increase in COVID-19 deaths, Gov. Phil Murphy issued four new executive orders this week. Murphy said the declaration of a public health emergency for New Jersey will be extended by 30 days and all state and county parks are Read more about Coronavirus Update: NJ Gov. Phil Murphy Issues 4 New Executive Orders this Week[…]

THE SMALL BUSINESS OWNER’S GUIDE TO THE CARES ACT

Posted on April 9, 2020April 10, 2020 by mchattie

The “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act” (H.R. 748) includes provisions specifically designed to help small businesses who have been impacted by the COVID-19 pandemic. We summarize the two types of loans available through the Small Business Administration (SBA). Check out the full guide here – The Small Business Owner’s Guide Read more about THE SMALL BUSINESS OWNER’S GUIDE TO THE CARES ACT[…]

Apply for Coronavirus Relief Programs Now

Posted on April 3, 2020April 6, 2020 by mchattie

BREAKING NEWS: NJEDA Relief Program runs out of funds in 1hr. and 15mins. We can’t stress enough the importance of submitting your coronavirus relief applications promptly (and we mean as soon as possible – ASAP). All programs have a limited amount of funds and program funds will be exhausted more quickly than you think – for New Jersey’s Read more about Apply for Coronavirus Relief Programs Now[…]

What the $2 trillion coronavirus stimulus package means for you and your business

Posted on March 27, 2020April 21, 2020 by mchattie

BREAKING NEWS: President Trump just signed the biggest economic stimulus package in American history. The House of Representatives passed the $2.2 trillion relief package, the third and final economic stimulus package which includes funds for direct payments to individuals and financial assistance to businesses. The bill itself runs 880 pages and extends an extraordinary lifeline to Americans in virtually Read more about What the $2 trillion coronavirus stimulus package means for you and your business[…]

Coronavirus, Contracts and Force Majeure

Posted on March 23, 2020March 24, 2020 by mchattie

Now that you’ve got you, your family and your staff safe, you’re probably worrying about the effect that this is going to have on your business and its ability to conduct business. As you know, the pandemic continues to disrupt the global economy and to disrupt production, staffing, supply chains and travel. Businesses need to Read more about Coronavirus, Contracts and Force Majeure[…]