The 2.2 trillion dollar “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act” or the “Act”) was signed by President Trump on March 27, 2020. The sweeping reform provides assistance to individuals and a large sector of businesses. The attorneys at Baker, Braverman & Barbadoro, P.C. (“BB&B” have compiled this list of important provisions
The CARES Act passed March 27, 2020 provides several different avenues of relief to individuals, small business and large businesses, airlines and healthcare industries, including COVID-19 small business loans and funding. Packed into this enormous piece of legislation are several provisions for short term loans for small businesses to be provided under the Small Business
Congress has enacted and on Friday, August 23, 2019 the President signed a bill which will add a new subchapter V to Chapter 11 of the United States Bankruptcy Code designed to streamline the reorganization process for small businesses. This new law follows some unsuccessful stories about small businesses being unable to successfully reorganize under
Many business owners have heard the term “SBA”, particularly in relation to SBA loans, but are unsure of exactly what the SBA is, how it can help small businesses owners and the types of loan programs that the SBA offers. This article will provide an overview of the SBA, an explanation of typical SBA loans,
Evergreen provisions are used in contracts, leases or other agreements that have a fixed maturity date, but the parties anticipate renewals of the term. Such evergreen contracts or leases automatically renew unless one of the parties gives the other notice of their intention not to renew. Generally the contracts will require some period, between one
In late May of this year the Small Business Administration (“SBA”) has re-established the debt refinancing program consistent with the more well- known SBA 504 loan programs. The 504 loan program was historically only available to purchasers of commercial property. The debt refinancing program, while available several years ago, was temporary. The program, which expired
Business lawyers, also referred to as corporate lawyers, assist business owners and business management with corporate legal and regulatory matters. Business lawyers provide counsel on and facilitate the creation of contracts for vendors, employees, clients and third parties. Corporate lawyers navigate the realm between a business and the regulatory environment, ensuring policies adhere to local,