NADA released a concise summary of federal aid programs available to qualifying businesses to respond to the COVID-19 crisis

Review NADA's updated FAQs on the federal emergency employee leave mandates under the Families First Coronavirus Response Act (FFCRA). These updates reflect DOL's recently updated guidance on how to compute hours and regular rate of pay and clarifications for emergency sick leave under FFCRA. 

The Coronavirus Aid, Relief and Economic Security Act (CARES Act), signed into law on March 27, 2020, is the most expansive economic stimulus package in American history. This FAQ provides an overview of the CARES Act’s impact on dealerships and of important information regarding federal loans programs, tax credits and provisions, and enhanced unemployment benefits.

Review NADA’s PPP Loans: Use of Proceeds and Forgiveness NADA Preliminary Guidance, which provides valuable insights on the forgiveness elements of the PPP loan program.