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SBA Issues Updated Guidance Regarding Good Faith Certification of Necessity for PPP Loan Borrowers

SBA Issues Updated Guidance Regarding Good Faith Certification of Necessity for PPP Loan Borrowers

Posted May 13, 2020 in Corporate Law

The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) requires that Paycheck Protection Program (“PPP”) loan borrowers make a good faith certification that “the uncertainty of current economic conditions makes necessary the loan request to support the ongoing operations of the eligible recipient.” The Interim Final Rule published on April 15, 2020 (85 […]

Operating your business during COVID-19

Operating your business during COVID-19

Posted April 13, 2020 in Corporate Law

The COVID-19 pandemic has resulted in unprecedented governmental action, affecting every sector of society. Among this government action is Governor Murphy’s Executive Orders 104, 107 and 122, which mandates a “stay in place” regime, and permits only “essential” businesses to remain open. As the pandemic has progressed, the frequency and number of edicts can be […]

Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC Sponsors Webinar – How the CARES Act Can Help Your Business

Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC Sponsors Webinar – How the CARES Act Can Help Your Business

Posted March 30, 2020 in Corporate Law, News

On April 1, 2020, Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC is sponsoring a webinar entitled How the Cares Act Can Help Your Business. The webinar is being presented by the Chamber of Commerce Southern New Jersey. It will take place at 2:00 – 3:00 pm. Florio Perrucci partners, Louis Cappelli, Jr. and Seth […]

CARES Act Includes Payroll Protection Program Loans

CARES Act Includes Payroll Protection Program Loans

Posted March 27, 2020 in Banking & Commercial Lending, Corporate Law

The United States Senate has unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the House of Representatives is expected to approve it today, March 27, 2020.  President Trump has indicated that he intends to sign the CARES Act once it reaches his desk. Although the CARES Act contains numerous […]

COVID-19 and Force Majeure Clauses

COVID-19 and Force Majeure Clauses

Posted March 23, 2020 in Corporate Law

With the unprecedented level of business closures over the last week throughout New Jersey, New York and Pennsylvania resulting from the spread of COVID-19, many companies are facing innumerable challenges in revenue cycles and supply chains. Because these rapid and –in some cases devastating—changes are occurring as a result of world events that are outside […]

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