The Coronavirus Stimulus Bill, which was passed by the Senate and expected to be passed by the House today and signed by President Trump into law, will provide struggling small businesses with another method for seeking loans related to economic injuries from the COVID-19 pandemic. The Coronavirus Stimulus bill allocates $349 billion to the Small
Executive Summary: The primary focus right now is on health and safety. But when the pandemic ends or slows there will be many commercial claims – disputes about the non-delivery of goods and services. This blog suggests that businesspersons should first consider their attitude in approaching such problems. Times like this call for a certain
Kansas City Missouri has added an online FAQ regarding its recent “Stay At Home” Order. In addition to general details about the “Stay At Home” Order itself, many of the questions focus on whether certain types of businesses are considered essential or non-essential. This FAQ provides additional context regarding the identification of “essential” businesses that
The SBA has officially declared disasters related to COVID-19 in Missouri and Kansas. These declarations are statewide—meaning that qualified small businesses throughout the entire states of Missouri and Kansas can now apply for Economy Injury Disaster Loans. These SBA loans are intended to help small businesses meet their ordinary and necessary financial obligations that cannot
The governors of Missouri and Kansas are working hard to establish disaster assistance programs to help small businesses obtain SBA loans for economic injuries caused by COVID-19. We anticipate these declarations will be made any day. Once those declarations are made, the SBA will accept statewide applications for SBA loans. However, there is no
Missouri and Kansas employers are grappling with many issues related to their employees and COVID-19. These issues have likely been compounded by the recent statewide order in Kansas to close all schools for the remainder of the year and the consequential uncertainty that this presents to those employees with children. Though Missouri has not taken
Kansas Governor Laura Kelly has issued an executive order immediately staying the initiation of all new evictions and foreclosures. The declaration provides in pertinent part: “I hereby direct and order all financial institutions operating in Kansas to temporarily suspend the initiation of any mortgage foreclosure efforts or judicial proceedings and any commercial or residential eviction
Last week, the Administrator of the federal Small Business Administration (“SBA”) issued a statement that the SBA would work with state governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by COVID-19. Disaster declarations have already been made for parts of California, Washington, Idaho, Oregon, Maine, New Hampshire,
