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). […]

Fitzpatrick Lentz & Bubba congratulates Marie K. McConnell, who was elected President of CREW Lehigh Valley’s Board of Directors for the 2021 term. CREW Lehigh Valley is the premier commercial real estate network in northeast Pennsylvania recognized for professionalism, leadership and expertise. Its core purpose is to advance the success of women in commercial real […]

Fitzpatrick Lentz & Bubba, P.C. (FLB) is pleased to announce that attorneys Anthony (“Sonny”) P. Beltrami and Justin K. Abodalo have joined the Firm as Associates. Their hiring is part of an ongoing long-term strategic growth and expansion plan, aimed at strengthening the Firm’s core business areas. “While 2020 has been a challenging year, we’ve […]

Starting a new business can be both exciting and daunting. Here are five common legal pitfalls that all start-ups should seek to avoid.

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 […]

Whether there is a Brexit deal or not, changes are coming as of January 1, 2021.  At that point, the United Kingdom will no longer be part of the European Union.  Whether you import or export (or both), there is a good chance that you will be affected.  Many of our clients have used the […]

The United States Small Business Administration (SBA) has issued a warning about email scams related to the Paycheck Protection Program (PPP) and its borrowers. Borrowers are reporting receiving emails from “sba-attorneys.com” that inform the recipient PPP funds were issued to them erroneously and action must be taken to avoid “potential criminal liability.” This email is […]