Important Small Business Association Loan Information
Dear WANADA Members,
As you'll see in that document, there are still OEMs without franchise IDs; you can view an Excel spreadsheet with the status of those remaining manufacturers
at this link.
Lenders will be able to disburse loans as soon as Friday;
we encourage you to get this process started as soon as possible because the funds allocated thus far are not limitless.
Please click here to view a sample PPP loan application form, provided by the Small Business Association.
On our COVID-19 Information Page, we have posted a number of additional helpful resources about the CARES Act provisions available to dealers. To that end,
NADA has published
an informational guide
on how auto dealers can ensure they qualify for the Paycheck Protection Program.
We will continue providing frequent information about the federal response to the COVID-19, and the resources available to small businesses. As always, you can contact myself or Joe Koch (
jk@wanada.org) with any questions.
The WANADA Bulletin, which we are publishing weekly through the duration of this crisis, also will feature detailed information about many issues of concern to dealers during this time.
Families First Coronavirus Response Act Now in Effect
Also, if you have not communicated
the new notice to your employees yet, please do so as soon as possible, as the notice requirement is now in effect.
Summary
As I mentioned earlier, please contact me or
Joe Koch (
jk@wanada.org
) at any time.
Similarly, please contact Ed Mullaney (
em@wanada.org
) or Connie Ryan (
cr@wanada.org
) if you have any questions about your WANADA-provided insurance or benefits programs.
Thank you for your tireless work during this pandemic. We know this is a difficult time for everyone, and we will do everything we can to help you get through it, so long as we remain safe and healthy. Please stay tuned for more information from us throughout the coming weeks.