Commerce_2020_10_digital | Page 42

■ Accounting , Banking & Law

■ Accounting , Banking & Law

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Greenbaum , Rowe , Smith & Davis LLP By James A . Robertson , Esq ., Chair , Healthcare Department
The COVID‐19 pandemic has challenged our firm ’ s healthcare clients in a way unlike anything I ’ ve seen in my 30-year career . Many have literally been fighting for their economic lives , while simultaneously protecting their employees with safe work environments and serving their communities with access to high-quality healthcare . At the outset of the pandemic , we were peppered with a barrage of employment questions relating to workplace standards , acquisition of PPE and employee furlough strategies . Progressing into the spring , financial assistance under the federal PPP loan program and grants under the CARES Act became a primary focus , along with regulatory issues associated with adopting a virtual telehealth business model as a means of providing medical care . Throughout the summer and now , as we face the seventh month of the pandemic , we provide guidance on safely reopening business operations for routine patient care and elective surgical procedures . We also assist in restructuring business arrangements to account for reductions in revenue and to prepare for a possible second wave . Having witnessed our clients ’ response to the pandemic up-close , I am confident that they are well-prepared and will be here for our communities — pandemic or no pandemic .
Norris McLaughlin , P . A . By Lana Ros , Esq ., Member
My healthcare clients faced difficult decisions about providing medical care while also complying with Governor Murphy ’ s “ Stay at Home ” order . Many clients faced the prospect of conducting layoffs / furloughs or the challenging transition of their practice to telehealth , all while staying flexible enough to adjust to the rapidly changing directives , seemingly coming from all directions . I worked closely with them to help implement customized plans to address legal and compliance issues , including transitioning their practice to a telehealth platform , amending employment agreements to help secure a PPP loan or establishing protocols to use that loan without sacrificing forgiveness eligibility .
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LOCAL

LOAN DECISION MAKING FOR LOCAL NJ BUSINESSES .
– Steve Guidette , Market President , Commercial Lending for New Jersey 201.725.5967

TOTAL TEAM

LENDING

C OMMITMENT YOU CAN COUNT ON . SM www . Provident . Bank