Small Business

International Trade Commission Investigation of Certain Vehicle Parts and Components The U.S. Senate passed an interim Coronavirus emergency package by voice vote. The package includes additional funding for the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDLs), hospitals, and testing. The bipartisan agreement comes days after negotiations and a week after the PPP ran…

International Trade Commission Investigation of Certain Vehicle Parts and Components Per the U.S. Small Business Administration:   Today, U.S. Small Business Administration Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement regarding the success of the Paycheck Protection Program (PPP): “The Treasury Department and SBA launched the unprecedented Paycheck Protection…

International Trade Commission Investigation of Certain Vehicle Parts and Components A bipartisan group of lawmakers submitted a letter to U.S. Small Business Administration (SBA) Administrator Jovita Carranza seeking “information and guidance from the SBA regarding Economic Injury Disaster Loans (EIDLs), how your agency is meeting the challenges facing this program, and how Congress can assist…

International Trade Commission Investigation of Certain Vehicle Parts and Components The U.S. Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the COVID19 pandemic. In these unprecedented times, the CARES Act authorized $349 billion in loans to small businesses that can be forgiven, provided the loans keep workers on…

International Trade Commission Investigation of Certain Vehicle Parts and Components The Automotive Service Association (ASA) joined aftermarket coalition associations requesting Congress expand the authority of the Paycheck Protection Program (PPP) in the Fourth Stimulus package coming up for consideration. “The PPP program has been popular with automotive repairers but with the increasing economic impact on shops…

International Trade Commission Investigation of Certain Vehicle Parts and Components Per Protocol, financial technology (fintech) companies are seeking to help Americans get the relief needed that was approved under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Paycheck Protection Program (PPP) authorizes up to $349 billion toward job retention and certain other expenses. Small…

International Trade Commission Investigation of Certain Vehicle Parts and Components The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic…

International Trade Commission Investigation of Certain Vehicle Parts and Components Republican Leader Mitch McConnell released a statement announcing the need for additional funding for the Paycheck Protection Program (PPP). The PPP is a $349 billion program for small businesses to cover payroll during the COVID19 pandemic. The program launched on Friday and has already dolled…

International Trade Commission Investigation of Certain Vehicle Parts and Components The U.S. Small Business Administration (SBA) launched the Paycheck Protection Program, a $349 billion emergency loan program created last week by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Per the SBA: The loans are available to cover up to eight weeks of average…

International Trade Commission Investigation of Certain Vehicle Parts and Components The U.S. Small Business Administration (SBA) continues to update their website on programs available for shops. Information is now included on the Paycheck Protection Program (PPP). Per SBA, “the Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on…