Last week, as part of the federal CARES Act and in response to the coronavirus crisis, Congress made available a variety of emergency loans to small businesses. For dealers, the most anticipated of these initiatives is the Paycheck Protection Program. Treasury Secretary Steve Mnuchin has announced that Paycheck Protection Program applications can be submitted starting today. You can find the loan application and more details on the program here. AIADA encourages dealers to explore this option for their stores and employees and apply as quickly as possible, as there is a spending cap.
ICYMI
Recordings of the first two installments of AIADA's special COVID-19 webinar series are now available:
Part 1: Customer Care and Business Guidance During a Pandemic
Part 2: Tax and Financial Planning in the Time of COVID-19
TAKE ACTION!
HOST A VIRTUAL MEETING WITH YOUR LEGISLATOR
With in-person Dealer Visits on pause during the pandemic, you can still make your voice heard with your legislator(s). AIADA can help you set up a virtual meeting with your legislator. Contact AIADA's Government Relations team to sign up today!
Quote of the Week
"Despite all the late nights and stress-filled days, I remain an optimist. I know better days are ahead. Ultimately, international nameplate dealers offer an essential service to a nation that will always get back on its feet. We are an indispensable industry, and we will help drive our economy toward recovery."
-Jason Courter, AIADA Chairman (www.aiada.org)
Must Read
Read the new Chairman's Blog, "The Only Way Out is Through," from Chairman Jason Courter.
Friday Feel Good
Town Creates Neighborhood "Safari" for Kids During Pandemic
A Kentucky town launched a neighborhood "safari" for children during the coronavirus pandemic by displaying stuffed animals in the windows of their homes.
The "Cumberland Hill Zoo Walk" was kicked off Sunday morning in Lexington after 60 houses in the community signed up, WKYT-TV reported.
"I have challenged kids to have a zoologist notebook and then go around and record the animal sightings," said Marian Guinn, the organizer of the zoo walk.
Throughout the week, families in the Cumberland Hill neighborhood will look for animals and submit their findings for a chance to win different prizes.
Events like these have been a way for the community to step up and try to help each other through unusual times while also following official guidelines, Guinn said.
The community will "make these days be the best they can be," she said.
(Associated Press)
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AutoTalk COVID-19 Webinar Series
Treasury Department: Paycheck Protection Program Overview and Application
COVID-19 Resources for Dealers
AIADA's One-Page Print-Out: Plan and Respond to Coronavirus at Your Dealership
Federated Insurance Coronavirus Pandemic Directives and Go-To Resources
