Business Law Firm Offers SBA Loan Application Resources
"COVID-19 Economic Relief Primer for the Ground Transportation Industry" details the recently passed federal economic aid packages and offers resources for applying for the various available loans.
"COVID-19 Economic Relief Primer for the Ground Transportation Industry" details recently passed federal economic aid packages and offers resources for applying for the various available loans. File photo
2 min to read
NEW YORK CITY — A local law firm has released an article that details the recently passed federal economic aid packages to help deal with economic damage in the wake of the COVID-19 pandemic and offers resources for applying for the various available loans.
"COVID-19 Economic Relief Primer for the Ground Transportation Industry" by Matthew W. Daus, a partner and chairman at Windels Marx Transportation Group, provides extensive background on the three recently passed pieces of legislation of importance to the transportation industry — the Coronavirus Preparedness and Response Act, the Families First Coronavirus Response Act, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Ad Loading...
The Coronavirus Preparedness and Response Act provided $2 million loans for the U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program, including EIDL emergency grants of up to $10,000. The Families First Coronavirus Response Act, which took effect on April 1, aims to help the U.S. combat COVID-19 by giving American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members; and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes the temporary Paycheck Protection Program (PPP) under the SBA 7(a) loan program.
The PPP and the EIDL programs had run out of money on April 16, but were, as School Bus Fleet previously reported, replenished by funds from a $484 billion stimulus bill signed into law on Friday by President Trump. The SBA resumed accepting PPP and EIDL applications from participating lenders on Monday, according to the agency's website.
Daus, who is also a professor and transportation technology chair at the City University of New York and Transportation Research Center at The City College of New York, and president of the International Association of Transportation Regulators, also includes resources on applying for these loans, such as Frequently Asked Questions (FAQs), and a document checklist and worksheets on the PPP. Additionally, he is making available upon request a list of recommended lenders. To request the list, email Daus at mdaus@windelsmarx.com.
The law firm is also hosting a free webinar, "What Are Transportation Regulators Doing To Respond to COVID-19?" on Thursday, April 30 at 11:00 a.m. Eastern Time. To register for the webinar, sponsored by the International Association of Transportation Regulators, go here.
The Georgia-based OEM is set to take on Girardin Group’s stake in the 50/50 Micro Bird joint venture. The change will consolidate the two businesses under one brand, one team, and one approach.
School bus contractors and alternative transportation providers, your insights are crucial; please help us report on the state of contracting in this survey. Answers close March 31.
CalAmp’s updated Here Comes The Bus app introduces enhanced safety controls, streamlined parent onboarding, and expanded features to improve visibility and communication around student transportation.
It’s a celebration and a blast from the past in this special anniversary episode of The Route. Take a walk through major industry moments, milestones, and the people who shaped it with some faces you haven’t seen in a while! The Route is sponsored by IC Bus.
From Maine bus safety upgrades to stop-arm camera bills, electric bus funding, and an Alabama workforce solution, here’s the latest in school bus legislation across the U.S.
Missed any of last month’s industry news? We got you. Reporting from Minneapolis, here’s your quick recap of updates from Waymo's controversy, technology, and safety legislation across the U.S.
Ongoing driver shortages nationwide are forcing tough transportation decisions. See how districts are using supplemental transportation to maintain coverage for high-needs students.
Check out some of the latest personnel moves from across the school bus industry, including new leadership appointments, various promotions, and major restructuring.
School closures are inevitable, but transportation chaos doesn’t have to be. Learn how modern routing technology helps districts model closure scenarios before board votes turn into crises.