“This is going to help a lot of small businesses," NJBIA Vice President of Government Affairs Ray Cantor told NJBIZ. "This is good news as it will help employers to remain solvent. This money will help. We are going to try for as long as possible to get by for as long as possible.”

The bank closed a deal with Atlantic Stewardship Bank last November.

Under the proposed legislation, depending on a borrower's situation they may be eligible to delay payment of both interest and principal amounts.

The sale of its stake in the Texas-based firm yielded a 50 percent internal return rate for the growth-equity investment firm.

The $2.2 trillion federal stimulus package, signed by President Donald Trump on March 27 amid the COVID-19 global pandemic and the resulting economic slump, will inject hundreds of billions of dollars in tax breaks, grants and other benefits for businesses that have been slammed by the outbreak. Business that have been closed as governments attempt to enforce ...

"I urge and expect our financial institutions and credit card companies to do the right thing in all areas of their businesses," Gov. Phil Murphy said Saturday.

“While this is a challenging time, it is critical to support these essential local organizations that help lift up our communities with valuable services and programs,” said the foundation’s Samantha Plotino in a prepared statement.

The firm has been growing its business; it acquired Summit-based Lewis-Chester Associates Inc. in February.

Miri Forster will serve as co-leader for the Tax Controversy Practice in Iselin.

“We are in a new statistical model that is not predictive enough because this is not business as normal,” said Montclair State University Professor of Economics Luis Portes.

“The SBA is looking at every option and taking every action to cut red tape to make it easier for small businesses to stay in business," SBA Administrator Jovita Carranza said in a prepared statement.

Lessons from female leaders in banking