We have been consulting financial experts to help provide our dealers with the a breakdown of the federal offerings available to you during this unprecedented times. Below are highlights of the current federal emergency financial resources that may be available to your business.
The following is for informational purposes only, and should not replace legal advice.
Economic Injury Disaster Loan
Provided by the Small Business Administration, an Economic Injury Disaster Loan (EIDL) provides up to $2 Million to help you meet necessary financial obligations that your business could have met had the coronavirus not occurred. It provides relief from economic injury caused directly by the pandemic and permits you to maintain a reasonable working capital position during the period affected by the disaster. EIDLs do not replace lost sales or revenue.