COVID-19 Alert: Massachusetts Extends Administrative Tax Relief for Small Businesses

By: Joe Hunt On September 15, 2020, Massachusetts announced the extension of administrative tax relief measures for certain small businesses. Sales taxes, meals taxes, and room occupancy taxes originally due to the Commonwealth from March 2020 through April 2021 are deferred until May 2021. To qualify for the deferral, Massachusetts businesses must have collected less …

Federal Reserve Publishes Initial Listing of Lenders Accepting New Business Customers Under the Main Street Lending Program

The Federal Reserve of Boston has published a state-by-state listing of lenders participating in the Main Street Lending Program who are currently accepting applications from new business customers, and also elect to be listed. The Listing of Lenders Accepting New Business Customers can be viewed here. The Federal Reserve has stated that this listing will …

PPP Application Period Ends; Treasury Department Releases Revised Forgiveness Application Forms and Revises Regulatory Standards Related to PPP Loan Forgiveness

  Today, June 30, 2020, marks the last day that a small business may apply for a COVID-19 relief loan under the Payroll Protection Program (“PPP”). In the run-up to this deadline, the Treasury department has issued a series of regulations and forms that govern PPP “Forgiveness Criteria” – the conditions that a PPP loan …

Federal Reserve Main Street Lending Program Update: Open for Lender Registration

  On June 15, 2020, the Federal Reserve’s Main Street Lending Program opened for Lender registration. This is the last administrative step prior to opening the program to business borrowers. A press release from the Federal Reserve Bank of Boston on the subject is here. The Main Street Lending Program is designed to provide small and medium-sized businesses …

Federal Reserve Expands the Main Street Lending Program

In an effort to allow more small and medium-sized businesses to be able to receive support under the Main Street Lending Program, on June 8, 2020, the Federal Reserve made several changes to the Program. The Federal Reserve stated that it expects the Program to be open for lender registration soon and to be actively …

Senate Approves Deal to Expand PPP Small Business Loan Program

On April 21, the Senate approved $484 billion in new coronavirus aid, of which $310 billion will be used to replace the exhausted funds of the Paycheck Protection Program (“PPP”). The House of Representatives is expected to pass the bill within days, with PPP loan application processing expected to recommence as early as April 23, …

5 Issues Regarding Disputes in Small Businesses, Family Businesses, or Close Corporations

Small businesses, family businesses, and close corporations are common and offer special opportunities to create and preserve value in a way that can be very personally meaningful. However, these businesses can also be fraught with issues of mismanagement, failure to follow controlling documents, or disappointed expectations. Pre-litigation advice is a key tool for avoiding or …

Firm Client Applied BioMath Recognized in Greater Boston’s 2016 Small Business of the Year Awards

MBBP is thrilled to announce that client Applied BioMath, LLC is one of ten winners of the 2016 Small Business of the Year Awards (SBOY), announced by The Greater Boston Chamber of Commerce.  The SBOY recognizes smaller for-profit companies within the Greater Boston area who possess product innovation, workplace excellence, community and social responsibility, strong …

Firm Client PMS Bites to be Featured on Shark Tank!

MBBP client PMS Bites will appear on ABC's Shark Tank on May 20, 2016.  PMS Bites are indulgent, yet nutritious, snack balls made to satisfy chocolate cravings during the week women need it most! All bites are gluten free, vegan, and made with all natural ingredients. Tune in on Friday May 20th at 9pm to …

Fenway Summer Ventures Leads Financing in StreetShares

Congratulations to our client Fenway Summer Ventures for leading a Series A financing in StreetShares. Endeavor Equity Holding and Pivot Investments also participated in the initial $4.5 million Series A closing. Led by co-founders Mark Rockefeller and Mickey Konson, StreetShares brings together business owners in search of funding and investors looking for both financial and social returns. The online …