|Due to overwhelming demand, NADA has expanded its platform and capacity for new Covid-19 response – related webinars. There are four webinars scheduled for this week, beginning today with “So, an Employee Has Covid-19 Symptoms or Has Tested Positive…Now What?” Today’s webinar will use the new platform. Below are answers to all of the troubleshooting questions I could think of for today, and a copy of my registration confirmation as reference.|
|The webinar is open to all dealers (even non-NADA members). Press is not allowed.No user name or password (NADA or otherwise) is needed to register for the webinar; just click on the individual registration link: So, an Employee Has COVID-19 Symptoms or Has Tested Positive…Now What?|
Once registered, participants will receive a confirmation, via email, like this one. If you/they don’t get one within a few minutes, check spam and junk folders.Registration information will also appear on the screen as soon as registrants click “submit,” with a calendar invite right there; you/registrants can save your/their registration information to your/their calendar even before receiving a confirmation email.Each registration link is unique to the person who registered, however any number of people from the same dealer/office/company can sign up.Maximum capacity is 5,000 people. The webinar room will be locked until the start time of 10:00 am. Participants who sign in before then will land on a screen that says “this event will start at 10:00 am.”If the link that you are/were provided after registration does not work immediately when you try to enter the room at 10:00 am, please exit out completely from your browser and try again. This would likely be due to a large, momentary surge in capacity.If the webinar room fills up, participants will not roll over to audio only. If a participant can not enter the room due to capacity, or wishes to dial in only, use the call – number provided at registration (example below).The webinar will be recorded; the recording and slides will be available within 24 hours.Slides will also be available on www.nada.org prior to the start of the webinar.Participants should not need to do anything special to join the webinar, however FYI, here are the system requirements to run: https://support.zoom.us/hc/en-us/articles/201362023-System-Requirements-for-PC-Mac-and-Linux
|New Guidance for PPP and 500-Employee Limit|
Late on April 3, 2020, the Small Business Administration issued an interim final rule addressing the application of the SBA’s affiliation rules to loan applications under the Paycheck Protection Program (PPP). The Affiliation IFR supplements the general PPP interim final rule issued on April 2, 2020.How do SBA’s affiliation rules affect your eligibility and apply to you under the PPP?An entity generally is eligible for the PPP if it, combined with its affiliates, is a small business as defined in section 3 of the Small Business Act (15 U.S.C. 632), or (1) has 500 or fewer employees whose principal place of residence is in the United States or is a business that operates in a certain industry and meets applicable SBA employee-based size standards for that industry, and (2) is a tax-exempt nonprofit organization described in section 501(c)(3) of the Internal Revenue Code (IRC), a tax-exempt veterans organization described in section 501(c)(19) of the IRC, a Tribal business concern described in section 31(b)(2)(C) of the Small Business Act, or any other business concern.
|SBA Tool Matches Businesses With Lenders|
The Small Business Administration has developed a Lender Finder Tool for the Paycheck Protection Program, a loan program designed to provide a direct incentive for small businesses to keep workers on the payroll during the downturn caused by the coronavirus outbreak. For more information on the Paycheck Protection Program and other SBA lending programs, see NADA’s CARES Act FAQs.