By John D. Poppe, Jr., MidCap Advisors, LLC
To say the past few weeks have been disruptive to our typical way of life, and how we transact business, is the ultimate understatement. Unprecedented government-dictated measures have wrested operating control away from business owners as macro public health concerns dominate our national agenda.
Summit, New Jersey April 2020 – Michael J. Greenberg has joined the real estate practice at prominent New Jersey business law firm Brown Moskowitz & Kallen, P.C. Mr. Greenberg will continue to focus his practice on the acquisition, financing and leasing of commercial real estate, inclusive of office, retail, industrial and multi-family assets. His clients include private equity real estate funds, REITS, institutional investors and large family-owned developers.
By Richard A. West
New Jersey Attorney General Gurbir S. Grewal and Department of Health Commissioner Judith M. Persichilli have announced practice guidance for outpatient healthcare professionals statewide during the COVID-19 outbreak.
By Marc McCabe, Vice President, Alliant Insurance Services
As an insurance professional for more than 35 years and who has witnessed countless regional wars, the Dot-Com Bubble Burst, the 9/11 Terrorist Attacks, the 2008 Financial Crisis and Hurricane Sandy, no one could have foreseen the unprecedented coronavirus pandemic and its global impact on business and industry.
COVID-19: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (NJEDA) WILL OPEN APPLICATIONS FOR ITS SMALL BUSINESS EMERGENCY ASSISTANCE GRANT PROGRAM (EMERGENCY GRANT PROGRAM) ON APRIL 3, 2020
FIRST COME, FIRST SERVED: APPLICATIONS CLOSE APRIL 10, 2020
LIMITED TO NJ SMALL BUSINESSES WITH 1 – 10 FULL TIME EQUIVALENT EMPLOYEES (FTEEs)
At BMK, we are keenly aware that many of our small- and middle-market business clients are experiencing cash shortfalls and need an urgent infusion of capital to weather the COVID-19 crisis. While a major federal relief bill was just passed by the Senate and House, accessing funding through government channels may not be sufficient nor is it an expedient solution.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides aid to independent contractors and self-employed individuals, in addition to providing aid to businesses.
The Paycheck Protection Program (the “PPP”) is one of the loan programs administered by the Small Business Administration (the “SBA”) that will be available to small businesses as a result of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”).
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.