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We’re here for you

Like you, CARS is deeply concerned about the impact of the COVID-19 pandemic on the US automobile industry and the important role you as dealers play in our economy. We are working tirelessly to advocate for financial relief and to provide information and services to help you navigate this uncertain time.  As of today, we have:

DEALER RESOURCE GUIDE

CORONAVIRUS RESCUE PACKAGE SUMMARY

Addresses and responds to the economic impacts that small businesses, including dealerships, face during the COVID-19 (coronavirus) outbreak.

  • The bill authorizes emergency loans to distressed businesses.
  • With respect to small businesses, the bill establishes, and provides funding for, forgivable bridge loans; and provides additional funding for grants and technical assistance.
  • The bill also provides funding as high as $1,200 to individuals, with additional $500 payments per qualifying child. The rebate begins phasing out for higher incomes.
  • Unemployment benefits will be expanded to include non-traditional workers.  Also, benefits will increase by $600/week for four months.

SMALL BUSINESS LOANS

How to Apply for Loans:

Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). Click here to apply.

  • Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.
  • The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses that have been severely impacted by the Coronavirus (COVID-19).
  • The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue. 
  • For more information on loans or how to connect with a lender, visit: https://www.sba.gov/funding-programs/loans.

How to Get Access to Lending Partners

SBA has developed Lender Match, a free online referral tool that connects small businesses with participating SBA-approved lenders within 48 hours.

CDC GUIDANCE FOR BUSINESSES & EMPLOYERS

The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see the following:

ADDITIONAL RESOURCES

State-by-State Status Updates
Legislation Updates: www.thehill.com 
Status of Bills in Congress: www.govtrack.us  
Small Business Administration Loan Information and Apply Online: www.sba.gov
Capitol Hill News Source: https://www.rollcall.com/ CNN News Updates on Policy: https://www.cnn.com/politics