You’ve secured a PPP Loan to help weather the pandemic. Now, the SBA and Treasury have released a Loan Forgiveness Application to help lighten your financial burden. In today’s podcast, Aaron Jacoby, Russ McRory, and Justin...more
On April 17, 2020, the US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued revised Guidance on the Essential Critical Infrastructure Workforce: Ensuring Community and National...more
The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP.
Any dealership with 500 or fewer employees is eligible to apply for a PPP loan. However, even if you are a...more
4/9/2020
/ Affiliated-Business Arrangements ,
Affiliates ,
Board of Directors ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Electronic Records ,
Employee Retention ,
Executive Compensation ,
Federal Loans ,
Financial Stimulus ,
Lenders ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Shareholders ,
Small Business ,
Stocks ,
Tax Relief
As recently reported by our COVID-19 Task Force, Maryland Governor Larry Hogan issued an amended Executive Order on Monday requiring all Maryland residents to stay at home starting at 8 p.m. on March 30, 2020 except for...more
Dealers’ service and parts departments have been deemed “essential.” Sales operations are not so clear. With scaled-down to zero onsite sales operations, ramping up online sales efforts is critical. We spoke with Aaron Jacoby...more
On March 19, 2020, Governor Tom Wolf signed an executive order requiring all non-life-sustaining business in Pennsylvania to close their physical locations as of 8 PM to slow the spread of COVID-19 (ORder of the Governor of...more
...CARES Act -
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which included the Paycheck Protection Program (PPP) for small businesses. The PPP provides short-term cash flow assistance...more
On Friday, March 20, Governor Andrew Cuomo signed the “New York State on PAUSE” Executive Order (“PAUSE,” Executive Order No. 202.8: Continuing Temporary Suspension and Modification of Laws Relating to the Disaster...more
3/30/2020
/ Best Practices ,
Business Continuity Plans ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Health and Safety ,
Infectious Diseases ,
Operators of Essential Services ,
Policies and Procedures ,
Public Health ,
Telecommuting ,
Workplace Safety
Consumers are stuck at home. How does business continue? We talked with Aaron Jacoby and Russ McRory about the impact of state and local "Stay at Home" orders in California and New York and how dealers and manufacturers can...more
Found below is the current status for state and local orders impacting dealers and distributors in the automotive industry.
Alabama State -
Allows most non-food retailers to remain open subject to social distancing...more
On Friday, March 20, Governor Andrew Cuomo signed the “New York State on PAUSE” Executive Order (“PAUSE,” Executive Order No. 202.8: Continuing Temporary Suspension and Modification of Laws Relating to the Disaster...more
On Friday, March 20, Governor Lamont signed Executive Order No. 7H, effective 8 PM, March 23.
On Friday, March 20, Connecticut Governor Ned Lamont signed the “Stay Safe, Stay Home” Executive Order (Executive Order No. 7H:...more
Maryland Governor Larry Hogan issued an Executive Order on Monday that closed all “non-essential businesses” across the State starting at 5 p.m. on March 23, 2020. “Essential” businesses, which include auto and truck...more
On Saturday, March 21, Governor Murphy signed Executive Order No. 107, effective 9 PM that day.
The order requires all New Jersey residents to stay at home unless they are (1) obtaining essential goods and services; (2)...more
On Monday, March 23, Governor Inslee signed the “Stay Home, Stay Healthy” Executive Order, effective midnight, March 25.
On Monday, March 23, Washington Governor Jay Inslee signed the “Stay Home, Stay Healthy” Executive...more