Posts by Nicholas

Yesterday (May 13, 2020), the Small Business Administration (SBA) and Treasury issued new guidance (See FAQ #46) which clarifies issues regarding the Paycheck Protection Program's (PPP) borrower certifications that NJ CAR highlighted in a recent update. NADA has provided an...

Today, May 13, 2020, Governor Murphy signed Executive Order 142, which permits the resumption of non-essential construction, curbside pickup at non-essential retail businesses, and car gatherings for the purpose of drive-through and drive-in events. However, this Order does not provide dealers with any substantive relief...

Recently, there has been public outrage over large, well-funded companies receiving Payroll Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Accordingly, on or about April 23, 2020, the Small Business Administration (SBA) released guidance that stated that although the CARES Act suspends...

Genova Burns Releases Guide To Developing A “Return To Work” Plan Now is the time for employers to formulate action plans for returning employees to the workplace. Genova Burns has developed a very informative list of Frequently Asked Questions to help guide dealers through the development of a return...

Last night, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released further guidance concerning the implementation of the Paycheck Protection Program (PPP) in the form of new “frequently asked questions”. Specifically, new question and answer #40 provides, as follows: Question: Will a borrower’s PPP loan...

NJ CAR President Jim Appleton, with an important message about how the Coalition is working to protect and advance the interests of New Jersey's neighborhood new car and truck dealerships, in the midst of the coronavirus crisis. Click on video link below.