Articles Tagged with Default

On April 13, 2020 at 9:00am, the NJ Economic Development Authority’s Small Business Emergency Assistance Loan program will go “live” for online applications. NJ landlords and property managers suffering from or anticipating an immediate reduction in rental income should seriously consider applying for a loan. These loans have fairly straightforward eligibility criteria and favorable repayment terms. The following is a basic primer on the borrower qualifications and loan terms.

Who Can Apply: Eligible small businesses check all of the following boxes:

  1.  Have a physical commercial location in NJ (no home offices);

For a variety of reasons, New Jersey landlords prefer to have their buildings owned and rented collected by a separate business entity. These entities can be corporations, limited liability companies or limited liability partnerships. While the tax and liability treatments of these entities may be ideal, there is a subtle complication when forced to appear in court.
Continue Reading ›

Contact Information