The U.S. Small Business Administration (SBA) is once again accepting applications for an Economic Injury Disaster Loan (EIDL) for companies impacted by COVID-19.
The following are examples of how several automotive specialty-equipment companies are responding to this unprecedented event.
Despite the disruptions over the past few months, manufacturers, distributors and retailers continue to maintain a positive outlook on the situation, and expect business to pick up now that restrictions are easing.
The following are examples of how several automotive specialty-equipment companies are responding to this unprecedented event.
The Paycheck Protection Program Flexibility Act was signed into law on June 5, and provides companies more flexibility on the use of funds from the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP).
The following are examples of how several automotive specialty-equipment companies are responding to this unprecedented event.
SEMA members have been helping fight the Coronavirus locally, across the country and even internationally.
Since the Coronavirus outbreak earlier this year, many SEMA-member companies have shifted their typical operations to help combat COVID-19.
Between April 1 and April 7, 2020, SEMA conducted a survey of more than 2,000 people employed in the specialty-equipment industry. The results show that even in these difficult times, our industry is resilient and working diligently to move past this disruption.
As the pandemic unfolded, SEMA quickly created a webpage at www.sema.org/coronavirus to help its members navigate the unprecedented challenges of COVID-19. This resource is a one-stop shop for information on how to secure loans, keep workers on payroll, understand the rules for maintaining safe workplaces and more. The Coronavirus Updates and Resources webpage will continue to be an important way to stay up-to-date with the latest news as new information becomes available. Members are encouraged to bookmark the page to follow these topics.