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COVID-19 Relief Options That Can Help Your Small Business

Share: COVID-19 has had a huge impact on the economy and has left small businesses worrying about their future. Since the first official announcement of the World Health Organization about the Coronavirus last January, it’s been a very long year and a quarter for American businesses and business owners. The CARES Act was a significant step for recovery, implemented on March 27th of 2020 to provide financial assistance to individuals and business owners facing economic hardship caused by the pandemic. Additionally, the U.S. Small Business Administration (SBA) has also offered several specific programs intended to keep businesses afloat. 1. PPP Loans

Stephen Bennett and Rhonda Thomas face federal charges for alleged scam

View Comments CAMDEN - Two Camden County residents are accused of defrauding pandemic financial-relief programs of $1.4 million, federal prosecutors say. Stephen Bennett, 45, of Berlin and Rhonda Thomas, 36, of Sicklerville allegedly submitted 21 fraudulent applications for federal assistance to a dozen firms under the Paycheck Protection and Economic Injury Disaster programs. The programs are intended to help firms overcome financial disruption due to the COVID-19 pandemic. Lenders approved 13 loans, according to the U.S. Attorney s Office for New Jersey. It alleged Bennett and Thomas, also known as Rhonda Ware, used the money to buy personal items, including two BMW vehicles and a pair of Rolex watches valued at $42,800.

How to Know the Government Is Investigating You or Your Company in Connection with COVID Relief Funds | Blank Rome LLP

[Craig Stetson, partner with Capital Edge Consulting] In our previous blogs, we discussed the multiple government enforcers and regulators charged with authority to oversee the application, eligibility, and use of COVID relief funds. Here, we address how to know whether you or your company is under investigation or review or being considered for same. Sometimes it is obvious for example, when the Federal Bureau of Investigation (“FBI”) along with other agencies raid your offices. Other times, the signs are subtle. The federal government has an arsenal of tools it uses to gather information for investigations and audits. These tools are not new and are not specific to COVID relief funds. However, some of the “new” entities created by COVID relief legislation (

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