Greater New York Automobile Dealers Association

GNYADA Dealer Webinar

Click Here to Watch a Recorded Version of This Webinar

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This webinar will educate dealers on how to take advantage of provisions in the CARES Act to help bridge the financial gap caused by loss of revenue, loss of productivity due to layoffs, increased costs, and paid leave requirements caused by the COVID-19 pandemic.

Presenter, Russell P. McRory, Esq., of the Arent Fox Automotive Management team, will explain the programs established by the CARES Act to help dealers; the Small Business Administration programs available; how to apply for and navigate these new lending programs, including the eligibility and purposes for these loans.

Topics that will be discussed:
The Paycheck Protection Program (PPP)
The eligibility period during which loans will be issued
Eligibility to participate in the program
The size, interest rate and maturity limits of the loans
What the loan proceeds can be used for
Loan forgiveness and payment deferrals
Collateral and related matters
How to obtain a PPP Loan

In addition to the PPP, Russ will address the following business support programs:
EID loans
Employee retention tax credit under CARES
Payroll tax deferrals under CARES
Unemployment insurance benefits expansion under CARES
NYC small business continuity loan program

Click Here to Watch a Recorded Version of This Webinar

Click Here to Download the Presentation Deck