In connection with the SBA’s EIDL Program, a borrower applying for an EIDL loan can request an advance on the loan of up to $10,000 to be used for authorized costs (such as paid sick leave, payroll, rent and increased supply chain costs).
Several of our landlord clients have been approached by tenants (retail and office) seeking rent relief in various forms due to the COVID-19 crisis. The requests have come from a broad range of tenants — from small business owners to large corporations.
By LD Friedland, Managing Director, Wombat Capital Markets, LLC
As an investment banking professional who has worked with companies and investors in the medical device industry for the last 25 years, I have witnessed a number of seminal events that have had a dramatic impact on financial markets and on the medical device industry in particular. Not surprisingly, the global impact we are currently experiencing due to the COVID-19 pandemic is unprecedented.
On March 26, 2020, the New Jersey Economic Development Authority (NJEDA) initiated numerous programs aimed at helping New Jersey businesses weather the COVID-19 crisis.
The CARES Act, which became the law on March 27, 2020, includes the Paycheck Protection Program (PPP), which is a new loan program created under Section 7(a) of the Small Business Act. The PPP covers the period February 15, 2020 through June 30, 2020 and is a vital lifeline for small businesses suffering the negative economic impact of the COVID-19 pandemic.
SBA Economic Injury Disaster Loan Seminars Presented by SBA Representatives through April 3, 2020
New Jersey Fast-Tracks Licensure of Out-of-State Medical Professionals in Response to the Escalating COVID-19 Crisis
By Richard A. West
Last week, New Jersey Attorney General Grewal announced a temporary waiver of certain regulatory requirements to facilitate the licensure of out-of-state medical practitioners, in anticipation of high demand for healthcare services throughout the state as the COVID-19 crisis escalates.
By Steven R. Rowland and Kenneth L. Moskowitz
Most insurance policies, including business interruption policies, use standardized language drafted by an insurance industry trade group that define coverage through an initial grant of coverage and exclusions that narrow the initial grant of coverage by excluding certain kinds of risk that may otherwise be covered.
By Stuart M. Brown, Kristina R. Brown, Norman D. Kallen
As a result of the ever-expanding response to the coronavirus health emergency, government entities across the United States and globally are imposing restrictions to curb the spread of the virus and contain the epidemic. The closures and bans are affecting businesses, commerce and commercial transactions everywhere, including within the State of New Jersey.