BMK is committed to providing a broad range of business intelligence to our clients, colleagues and friends during these trying times. The articles in this section are presented by guest authors who are experts in their respective fields. If you have any questions regarding the articles in this section, please contact Kathleen McMorrow, kmcmorrow@bmk-law.com.
By Nicholas B. Jalowski, Managing Director, CTP, CMC
Cambridge Financial Services, LLC
In today’s economic cessation, many companies are experiencing difficulties in getting their banks to help fund them through the COVID-19 crisis and beyond. Commercial banks are regulated institutions and are characteristically risk adverse. They are entrusted with public money and structured to avoid losses on their loans.
by Megan Kelly, Manager, Sobel & Co, LLC
The novel coronavirus has presented incredible challenges for humans across the globe, both on a health and well-being level and an economic level. Unfortunately, scammers kick into high gear during times of crisis, preying on people in fear in order to steal money during a time when millions of Americans are already in a financial crisis.
By Michael B. Dranoff, Director of Estate and Business Planning
New Jersey Life & Casualty Associates, LLC
The largest asset many clients may own is frequently ignored. Like your house, business, retirement funds and other investments, a life insurance policy is an asset that has value.
By Jennifer L’Estrange, Managing Director
Red Clover Human Resource Consulting
The choice to downsize is never easy and has obvious impacts on a company and its employees. We wanted to share our insight on our approach to restructuring and downsizing projects.
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.
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.
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.
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.