The Small Business Administration (SBA) will pay (and relieve the borrower of any obligation to pay) the principal, interest, and any associated fees that are owed on certain existing SBA 7(a) loans for a six-month period starting on the next payment due date. Loans currently in deferment would be entitled to an additional six months […]

The CARES Act allows small businesses to receive forgivable loans of up to $10,000,000 to be used for payroll, rent, health benefits, retirement benefits, utilities and other expenses. This article summarizes the key provisions relating to the forgivable loan program, including the eligibility, use, and forgiveness requirements. On March 27, 2020,  President Trump signed the […]

O’Neil, Cannon, Hollman, DeJong & Laing is pleased to announce that Attorney Jason Scoby and Attorney Bob Gagan were recently elected as shareholders of the firm. Mr. Scoby has been with the firm since 2009 and is a member of the firm’s Business Practice Group and Banking & Creditors’ Rights Practice Group. He advises and represents individuals, businesses, […]

When buying or selling a business, it is critical to take the negotiation and preparation of the letter of intent seriously.  All too often, I hear the phrase, “letters of intent are not binding, so we don’t need to spend time negotiating them.”  Other times, a new client will have already signed a letter of […]

Attorney Jason Scoby of O’Neil, Cannon, Hollman, DeJong & Laing S.C. was recently reappointed to serve as Chair of the Corporate, Banking & Business Section of the Milwaukee Bar Association (“MBA”) for the fourth consecutive year. In this role, Attorney Scoby focuses on providing continuing legal education presentations and resources, as well as networking opportunities […]