Student Debt Relief in Cares Act

Americans came into the COVID-19 crisis carrying cumulative student debt of nearly $1.59 Trillion. So logically, among the many relief gambits included in the massive federal relief package enacted on March 27 (CARES Act) were provisions to help student loan borrowers. Deferment of Federally Backed Student Loans Relief for borrowers of student loans owned […]

Main Street Lending Program

On April 9, 2020, the Federal Reserve published new lending opportunities, essentially placing an additional $2.3 trillion into the economy as another answer to the COVID-19 pandemic under Section 13(3) of the Federal Reserve Act. The Main Street lending program, one of the new opportunities, provides $600 billion to small and medium-sized businesses that make […]

Emergency Injury Disaster Loan

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. The purpose of the CARES Act was to help America’s economy in response to the COVID-19 pandemic. While the CARES Act is over 800 pages and has many different benefits, two loans that the Small Business Administration […]

Financial Relief to New Yorkers Affected by Covid-19 Crisis

On March 21st. Governor Cuomo issued Executive Order 202.9 directing the New York Department of Financial Services (DFS) to create emergency regulations to provide some much-needed cushion to New Yorkers who have suffered financially as a result of the Covid-19 emergency and response. On March 24, DFS promulgated the new regulations with the aim of […]

COVID-19 Update: Paycheck Protection Program

The Federal coronavirus stimulus bill, which was just passed, contains relief for small businesses who are facing uncertain times.  One provision that’s getting a lot of attention is the Paycheck Protection Program (PPP), which is specially designed to help out small businesses.  This program is an expansion of the existing SBA 7(a) loan program, and […]

COVID-19: Time to think about Force Majeure?

We’ve been getting a lot of questions about how COVID-19 is impacting our clients’ businesses.  Today, let’s talk about something called “force majeure” and what it might mean for your business contract.  So what is force majeure?  It’s basically a term in contract law and it can be used to excuse a party’s obligations under […]

Notarizing Documents During a Pandemic

Governor Cuomo has signed an executive order that enables any notarial act to be performed utilizing audio-video technology[i]. Executed on March 19, 2020, Executive Order 202.7 implements the foundation for contracts requiring notarization to be executed during the COVID-19 pandemic quarantine. 202.7 allows any notarial act that is required under New York law to be […]