Knowledge and Insights: News and Press Releases

September 14, 2020; Princeton, NJ & Philadelphia, PA – The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team.  Ms. Lovepreet Buttar, CPA, MBA, CGMA, PSA, a member of the Nonprofit & Human Services Group, was promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs…

Jorge Olazagasti, MBA, Director & Melissa Correa, CRCM, Manager, of Mercadien’s Financial Institutions Services Group presented a webinar Credit Risk Management During Uncertain Times on Thursday, August 27th. During the webinar, they went over: The immediate impact of the pandemic on credit risk management  Reviewing state specific lending initiatives How to monitor initiatives & delinquencies How…

Princeton, NJ & Philadelphia, PA – Myron M. Gellman, MBA, CBA, CMC, Chief Executive Officer of Mercadien, is pleased to announce the addition of Jeffrey Baresciano, CPA, CFF, ABV, CVA to the organization’s Forensic Accounting and Litigation Support team as a Director. Jeff’s arrival will allow our team to expand on these existing services and…

In response to the COVID-19 pandemic, the New Jersey Redevelopment Authority (NJRA) announced a $6 million grant program that allows businesses in 64 eligible municipalities that have been adversely affected by the virus to apply for grants of up to $10,000 to assist with lease payments. The program is targeted toward businesses with less than…

Myron Gellman, MBA, CMC, CBA, Managing Director with Mercadien, was featured in the August issue of New Jersey Business Magazine. The article is titled, “It’s Good to be in the Middle” by Anthony Birritteri, Editor-in-Chief of New Jersey Business Magazine, and addresses the attractiveness of the middle market within the professional services realm. Within the…

Frank Pina, CPA, Sherise D. Ritter, CPA, Kyle Neeld, CPA, Managing Directors & Elizabeth LaCorte, CPA, Manager, presented a webinar Are You Ready to Submit Your PPP Forgiveness Application? on Wednesday, July 29th. During the webinar, they went over: Key points of the PPPFA Modifications to provisions related to PPP loan forgiveness, including: Extended covered period…

Frank Pina, CPA, CFF, CFE, CGMA, Managing Director with Mercadien’s Forensic & Litigation Support Services Group, was a featured guest on RVN TV’s Behind the Numbers with host Dave Bookbinder. The two discussed how organizations can identify fraud & what to do once fraud is detected. To view the full interview click here. For more information…

The Senate passed a bill to extend the filing deadline for Paycheck Protection Program (PPP) loans late on June 30th, just hours before the Small Business Administration (SBA) was set to stop accepting applications.  However, unless and until the House of Representatives approves the language, the SBA will stop accepting PPP applications.  The PPP provides…

On Wednesday, June 24th Mercadien’s Financial Institutions Services Group hosted a one-of-a-kind presentation featuring the nation’s leading Community Reinvestment Act expert, Kenneth H. Thomas, Ph.D., author of The CRA Handbook and former finance lecturer at The Wharton School of Business, who addressed the OCC’s Final CRA rule, and what it means for banks and their…

Mercadien is ready to assist you in facilitating the CARES Act Paycheck Protection Program (PPP) loan forgiveness processing. The SBA stated that Lenders are expected to perform a good-faith review, in a reasonable time, of the borrower’s calculations and supporting documents concerning amounts eligible for loan forgiveness.  If the lender identifies errors in the borrower’s…