Timothy D. Charlesworth is a shareholder and attorney in the Firm’s Corporate, Business & Banking Group. Mr. Charlesworth’s practice includes international trade law, distribution and agency relationships, technology licensing, business and commercial law. He frequently speaks about subjects related to international trade law, including presentations to the Pennsylvania Bar Institute’s ‘Business Lawyer’s Institute.’
On Monday, January 11, 2021, the U.S. Small Business Administration (the SBA) along with the Treasury Department re-opened the Paycheck Protection Program (PPP) for both new and existing borrowers. This article focuses on existing PPP borrowers and outlines the steps to take to apply for a second draw PPP loan. Business principals considering a PPP […]
On December 27, 2020, the Economic Aid Act was signed into law, which is intended to, among other things, continue providing assistance to companies and entrepreneurs whose businesses were adversely affected by the global COVID-19 pandemic. A key provision of the Economic Aid Act is an expansion of the already existing Paycheck Protection Program (PPP). […]
Good news for small businesses. On November 20, 2020, the Northampton County COVID-19 Relief Small Business Grant Program re-opened and is currently accepting applications. Northampton County Council has approved this Grant Program, in partnership with the Greater Lehigh Valley Chamber of Commerce, that will distribute $1.3 million dollars of CARES Act Funds to Northampton County […]
Most of FLB’s business clients borrow money from commercial lenders, such as banks and credit unions. If any of your loans are priced on the basis of LIBOR (London Interbank Offered Rate), you have probably heard that this is going to change. The “sun will set” on LIBOR at the end of 2021, and lenders […]
On October 26, 2020, the U.S. Small Business Administration (SBA) issued a notice that it intends to release two new forms relating to borrowers’ good faith certifications that current economic conditions made the Paycheck Protection Program (PPP) loan necessary to ongoing business operations. The new documents are Form 3509 – Loan Necessity Questionnaire (For-Profit Borrowers) and […]
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