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Recent Posts

Some small NC businesses that were ordered closed due to the coronavirus pandemic may soon get help. Gov. Roy Cooper announced Tuesday a $40 million relief program to help offset fixed costs like rent, mortgage interests, and utility bills for such businesses. The NC Mortgage, Utility and Rent Relief (MURR) program provides up to $20,000 in relief funds per qualifying business location. Business applicants from certain industry sectors that have not been unable to open Read More
As we move into month 5 of the pandemic and working remotely, the challenges we face as organizations continue to mount. One of those challenges is maintaining morale under the growing stress of working remotely. Even for the most seasoned introvert, this isolation is tough. We’re all used to working in close physical proximity, and the colleague deprivation is real. Our own Gary Frey captured this sentiment in a recent Instagram post. Even with today’s Read More
If you were engaged in Opportunity Zone investment or New Markets Tax Credit transactions but were held up due to delays caused by coronavirus, take note. The IRS and Treasury have provided relief to businesses and investors, and you can still maximize the tax benefits of these programs. Opportunity Zones Part of the 2017 Tax Cuts and Jobs Act, Opportunity Zones provide substantial tax breaks to investors who develop projects in economically distressed communities, in Read More
The Fed has announced revisions to the Main Street Lending Program that will make it possible for more small and midsize companies to receive financial support once the program opens -- hopefully this week. Among the changes announced are: Lowering the minimum loan size to $250,000 from $500,000. Increasing the maximum loan size for all three loan facilities in the program. New loans can now be as much as the lesser of $35 million (up Read More
Both houses of Congress have passed the PPP Flexibility Act of 2020, and it awaits the President’s signature, which is expected. We provide below a summary of the provisions and our initial analysis of its implications. As more SBA guidance may be issued and we gain more depth of understanding, we will continue to share updates with you. But, for now, this is really good news for you, as it will allow many more to Read More