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Considerations When Closing a Small Business with PPP or EIDL Debt

Jimerson Firm

PPP loans and EIDL of $25,000 or less do not require collateral or personal guarantees, so in the vast majority of defaults on these small loans, business owners’ personal assets will not be at risk of seizure. Small Loan Default. Additionally, large percentages of these loans are forgivable.

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Understanding FFL: Types, Application, and Licensing Process

Payment Savvy

This license is your golden ticket, allowing you to manufacture, import, or sell firearms and ammunition. Whether your ambition is to open a small local gun shop, start a major manufacturing operation, or anything in between, obtaining an FFL is the crucial first step needed.

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Burr’s Derek Meek and Mike Hall Named to Lawdragon’s Inaugural Leading Bankruptcy Lawyers List

Burr Forman

Derek also regularly advises clients in and around the automotive manufacturing space, including OEMs, tier-suppliers, financiers, and transportation providers. Mike is also a partner in the firm’s Creditors’ Rights and Bankruptcy Practice Group. He often represents secured lenders, typically after a borrower’s default.

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Connecticut Becomes Latest State to Enact a Commercial Financing Disclosure and Registration Law

Troutman Sanders

The Connecticut Act goes into effect on July 1, 2024.

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Finding Business Opportunities From COVID-19

Fico Collections

Similarly, in the manufacturing industry there is now stronger demand for digital connectedness. Suppliers and partners benefit from connecting digitally to the supply chain in areas of invoicing, order taking, inventory management and R&D for future projects. To be clear, this is not only about efficiency in lending.

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JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

Collection Industry News

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

They will need to redefine the value chains where they participate, benefit and add value, so they can find the additional productivity and profit available when you deliver an improved customer experience. . “In