Apr 24, 2020
Coronavirus Updates | Latest News | 2 mins, 44 secs
$310 Billion Added To Paycheck Protection Program With House Passage Of Latest Coronavirus Relief Bill
Late yesterday, the House passed a nearly $500 billion coronavirus response package, which increases funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) by $310 billion. The bill, which passed the Senate on Tuesday, also requires that $60 billion of the increased PPP loan level is reserved...
Apr 22, 2020
Coronavirus Updates | Latest News | 2 mins, 33 secs
Coronavirus Update- More Business Aid, PPP Loan & FELM Guidance
Senate Passes Bill Providing Another $480+ Billion In Aid to Small Businesses & Hospitals Following more than a week of negotiation, Congressional leaders and the White House came to agreement on an aid package valued at more than $480 billion and the Senate...
Apr 20, 2020
Coronavirus Updates | Latest News | 9 mins, 40 secs
Coronavirus Update- White House Guidelines, More Aid For Business, SBA Guidance and more…
White House Announces Guidelines For Re-Opening The U.S. Economy The White House announced Coronavirus Guidelines for America last month, as the COVID-19 pandemic escalated across the United States. Last week, the Trump Administration released its Guidelines...
Apr 16, 2020
Coronavirus Updates | Latest News | 3 mins, 0 secs
Legal and Regulatory Implications of Online Sales – What Dealers Need to Know
On March 31, 2020, NJ CAR informed its members that the Governor's Office issued Administrative Order No. 2020-6, which permitted New Jersey car dealers to conduct online motor vehicle sales during the COVID-19 pandemic. That Administrative Order provides, in relevant part: Car dealers may continue...
Apr 16, 2020
Coronavirus Updates | Latest News | 6 mins, 27 secs
Maximize Your Chances of Paycheck Protection Program Loan Forgiveness
The Paycheck Protection Program (PPP), offered through the Small Business Administration (SBA), gives business owners, including dealerships, an opportunity to improve their liquidity during the COVID-19 crisis and widespread economic shutdown. The PPP is designed to help employers continue paying their employees, whether or not their business remainss open or...
Apr 14, 2020
Coronavirus Updates | Latest News | 2 mins, 6 secs
New Jersey State Senate Advances Bills To Help Businesses Struggling During the Coronavirus Shutdown
The New Jersey State Senate recently passed several bills to help businesses and workers who are struggling from the economic fallout related to the coronavirus pandemic. Two bills, in particular, are very beneficial for small businesses facing economic uncertainty due to the ongoing crisis that has shut down much of...