As of Friday (04/03/20), the Coronavirus Aid, Relief and Economic Security (CARES) Act that is providing funding for businesses, did not address debtor-in-possession (“DIP”) lending to businesses operating in Chapter 11 of the United States Bankruptcy Code. We are hoping…
State of Connecticut Emergency Bridge Loans
The State of Connecticut announced last week that it was making $50 million (doubled from the original $25 million) available for a short-term emergency small business loan program. Businesses with under 100 employees that were profitable before March 10,…
Student Loan Relief – Coronavirus Aid Relief and Economic Security (CARES) Act.
March 27, 2020. The Coronavirus Aid Relief and Economic Security (“CARES”) Act became law on March 27, 2020. CARES Act also allows requires the Secretary of Education to defer student loan payments of principal and interest for through September 30,…