Information to support our members
This resource from NADA is intended to assist dealers with specific issues posed by COVID-19.
This resource from OSHA is intended to assist with the mitigation and prevention of the spread of COVID-19 in the workplace.
On April 9, the Federal Reserve introduced a new lending program aimed at small and medium sized businesses.
A summary of the program from a dealer’s perspective, provided by our friends at NADA, can be found here.
This resource from NADA provides guidance on many aspects of the CARES program, including the PPP, EIDL, and unemployment benefits.
This resource from NADA provides valuable insights into issues involving the forgiveness elements of the PPP loan program. Please note that, as the document stresses, this information is preliminary and does not reflect the further guidance expected from SBA/Treasury on, among other things, the issues noted.
This link provides comprehensive information from the SBA on this program, including the loan application, loan details and forgiveness criteria, and more.
UPDATE 6/16/20: PPP Loan Forgiveness Application
PPP FAQs for Borrowers & Lenders: Updated 5/27/20
NMEDA Webinar Recording 4/3/20: The SBA’s Paycheck Protection Program View Recording
This resource has been provided by NMEDA attorney David Lieberman of Webster, Chamberlain & Bean. It provides a simplified overview of the FFCRA and CARES legislative provisions most relevant to NMEDA Members.
Another good resource with FAQs on the CARES Act provisions, provided by the Senate’s Committee on Small Business & Entrepreneurship.
Responses to frequently asked questions on the Federal Emergency Leave Mandates, provided by NADA.
Resources for individuals and businesses specific to Canada.
The appearance of external hyperlinks does not constitute endorsement by NMEDA of the linked websites, or the information, products or services contained therein. NMEDA does not exercise any editorial control over the information you may find at these locations nor does NMEDA make any representation of their accuracy or completeness. Please contact those websites with any questions.