Category Archives: Business
New FTC Rule on Non-Compete Agreements
Business owners in South Florida and throughout the country should be aware of a final rule issued by the Federal Trade Commission (FTC) concerning noncompete agreements. In short, an FTC press release indicated that the final rule is designed “to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change… Read More »
Lawsuits Challenge New FTC Non-Compete Rule: What Should Businesses Know?
As many business owners in South Florida now know, the Federal Trade Commission (FTC) recently announced a final rule to ban non-compete agreements. According to the FTC’s press release about the issuance of the final rule, the new rule is intended “to promote competition by banning non-competes nationwide, protecting the fundamental freedom of workers… Read More »
What You Can Do as Government Seeks to Collect Unpaid EIDL Loans
Did your business receive a loan from the US Small Business Administration (SBA) through a pandemic stimulus program such as the Paycheck Protection Program (PPP) or the Economic Injury Disaster Loan (EIDL) program? If so, and particularly if you owe money on an EIDL loan, your loan could be past-due or your Hardship Accommodation… Read More »
How Can a Lawyer Help with My Business’s SBA EIDL Loan?
When the COVID-19 pandemic began in the United States, small businesses in Florida and across the country suffered immensely. Recognizing the risk of closure and significant losses that many businesses were facing, the US Small Business Administration (SBA) made certain stimulus payments and loans available to a wide range of small businesses in varying… Read More »
My Business Cannot Pay an SBA Loan: What Are the Options?
At the beginning of the COVID-19 pandemic, businesses in South Florida and across the country could not afford to remain in business with public health lockdowns in place. In response to the growing need for funding from small businesses, the US Small Business Administration (SBA) made a range of funding sources available. Some of… Read More »
Differences Among Types of SBA Pandemic Funding and What Your Business Owes Now
The US Small Business Administration (SBA) has provided a range of funding options to small businesses in Florida, especially during the COVID-19 pandemic. Some businesses received loans, some received money that was akin to a grant, and others received a combination of the two. Now that many of the loans are due, businesses should… Read More »
EIDL Hardship Accommodation Versus Reorganization Bankruptcy
Small businesses throughout South Florida are struggling with repayment concerning loans from the US Small Business Administration (SBA) provided as part of COVID-19 pandemic relief. In particular, many smaller companies in West Palm Beach and the surrounding area are facing repayment of loans received through the Economic Injury Disaster Loan (EIDL) program, provided by… Read More »
What Can I Do If I Was Billed for an EIDL Loan But Cannot Pay?
Did your business recently receive a bill from the US Small Business Administration (SBA) for a loan made through the Economic Injury and Disaster Loan (EIDL) program, or for another type of pandemic-related SBA loan? If you cannot pay, it is important to understand your obligations with regard to the loan as well as… Read More »
Renewing a Hardship Accommodation on an SBA EIDL Loan
Did your business receive a loan from the US Small Business Administration (SBA) during the pandemic, and are you currently struggling with the terms of repayment? For many South Florida businesses that received SBA loans, and loans through the Economic Injury Disaster Loan (EIDL) program specifically, there are no existing pathways for forgiveness through… Read More »
Obtaining SBA Loan Payment Extensions
The COVID-19 pandemic was extremely difficult on businesses throughout South Florida, and many business owners applied for loans through the US Small Business Administration (SBA), including loans through the Economic Injury Disaster Loan (EIDL) program. Based on data from the SBA, approximately four million small businesses across the country received EIDL loans up to… Read More »
