Main Street Lending Program Details Announced

    On April 30, the Federal Reserve announced long-awaited details to the Main Street lending programs. There are significant updates to the original Term Sheet announced on April 9. The Announcement There are now three programs available to borrowers, and GHJ highlights the two newly announced [...]

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      CARES Act Loan Program Funding Update

      President Trump has today (April 24, 2020) signed the Amendment (passed last evening by Congress), which will provide $484 billion in additional funding to the Paycheck Protection Program (PPP) , the Economic Injury Disaster Loan (EIDL) program and several other new provisions. The Amendment [...]

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        PPP Update on Qualification Eligibility

        As previously noted in GHJ’s COVID-19 Updates, GHJ expects additional guidance from the Small Business Administration (SBA) to allow applicants to re-assess their initial application in light of questions on PPP eligibility for certain borrowers. Today (April 23) the SBA provided guidance in [...]

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          M&A Activity Amid COVID-19

          COVID-19 has created uncertainty and resulted in major economic changes, which has had a chilling effect on the economy, M&A deals and capital market transactions. Deals and financings (including IPOs) that were in process at the beginning of this year are now paused. Companies and investors are [...]

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            CARES Act Update: Main Street Lending Program

            This morning the Treasury began implementing the Main Street Lending Program for mid-sized companies. In another section of the CARES Act, the Main Street Lending Program, there will be $600 billion in new funds made available to borrowers. The original Act intended lending be made available to [...]

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              Creating Value for the Sale of a Company

              The third blog in our series of consulting case studies takes a look at an unusual situation for four businesses going to market as one company and discusses how Green Hasson Janks’ Consulting Team assisted in converting their financial statements to reflect as if they had operated as one. Recent [...]

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                Converting a Troubled Client

                This is the first in a series of consulting case studies where we take an in-depth look at common pain points in preparing businesses for the future. Our first case study highlights our recent work with a client preparing for a transaction and how our services guided the business to a successful [...]

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