Posts by Nicholas

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...

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...

Seven Northeast governors (Gov. Phil Murphy of New Jersey, Gov. Andrew Cuomo of New York, Gov. Tom Wolf of Pennsylvania, Gov. Ned Lamont of Connecticut, Gov. John Carney of Delaware and Gov. Gina Raimondo of Rhode Island and Gov. Charlie Baker of Massachusetts) have announced they are forming a...

Governor Murphy’s Executive Order 123 has mandated a 90-day grace period on all property, casualty and life insurance premiums. It also requires a 60-day grace period for all health and dental insurance premiums. The order notes that these grace periods might be extended “as necessary.”   The order also states the Department...

Governor Phil Murphy has declared new car and truck dealerships as "essential," particularly with regard to the vehicle maintenance, warranty and recall service they provide. This work is critical during a crisis, so medical professionals, first-responders, retail workers, truck drivers and others on the front lines have access to...

Federal Reserve Adds $2.3 Trillion In Loans To Support The Struggling Economy The Federal Reserve has taken additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist struggling households and employers and bolster the ability of State and local governments...