news & Press

As small businesses continue to seek credit and financing opportunities to stem the tide of the COVID-19 pandemic, the Small Business Administration (SBA) has taken further action to boost the economy.  On August 18, 2020, the SBA reduced interest rates for its 504 Loan Program to 2.214% for 20-year loans and 2.269% for 25-year loans.…

On August 8, 2020, President Trump signed four executive orders to provide economic assistance as the self-imposed deadline for Congress to reach a coronavirus relief package passed.  These four executive orders are summarized below: Unemployment Assistance: Reinstate the previously expired enhanced unemployment benefit, reducing the benefit from $600/week to $400/week through weeks of unemployment ending…

The Federal Reserve has announced an extension through December 31 of its lending facilities that were initially scheduled to expire on or around September 30.  The lending facilities are geared towards countering the economic downturn and aimed at credit markets, small and large businesses and corporate bonds. The extension will apply to the Primary Dealer…

Following weeks of speculation and negotiations, the Senate released its latest coronavirus relief package on Monday, July 27, 2020.  Dubbed the “HEALS Act”, this $1 trillion GOP economic and stimulus package should serve as the starting point for Congressional negotiations as common ground between the Senate and the House of Representatives’ $3 trillion HEROES Act…