On May 15, 2020, the Small Business Administration (“SBA”) released the loan forgiveness application for small businesses that received loans under the Paycheck Protection Program (“PPP”) as created by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act into law, which implemented an array of programs aimed at providing economic support to impacted areas of the economy.
The Senate passed a historic $2 trillion coronavirus relief package late Wednesday night to provide a jolt to an economy reeling from the coronavirus pandemic, capping days of intense negotiations that produced one of the most expensive and far-reaching measures Congress has ever considered.
In light of the significant impact that the COVID-19 emergency is having on businesses, the State of New Jersey is providing some relief to companies that have been granted tax incentive awards pursuant to the Grow New Jersey Assistance Act ("GrowNJ").
On March 20th, Governor Phil Murphy signed a package of bills into law aimed at alleviating the economic impact that the coronavirus may have on New Jersey businesses and residents.
On Monday, the New Jersey General Assembly approved the COVID-19 bill package to help businesses and New Jersey residents mitigate the economic challenges they may face due to the COVID-19 outbreak.
Entrepreneurs have a myriad of options for raising capital for their early-stage businesses including bootstrapping, crowdfunding, issuance of common stock, and issuance of convertible notes.
Businesses often require additional capital to start, grow, or manage business operations. To satisfy this need, businesses can pursue a variety of financing options.