April 2020

Now that many motor vehicle dealerships have successfully received their PPP loan proceeds, there are a number of considerations which should be weighed before spending loan proceeds, including whether your business continues to qualify for the loan and, if so,... Read More →

The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the... Read More →

The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the... Read More →

Florida Dealers, there is some positive news to report during these trying times. Yesterday, Governor DeSantis amended Executive Order 20-91 to make clear that it supersedes all inconsistent local orders or regulations. Thus, the ability for new motor vehicle dealerships to... Read More →

Phase Three of Congress’ COVID legislation includes several important tools that dealerships may be eligible for, including the SBA Paycheck Protection Program (“PPP”). The PPP allows for loans through SBA approved lenders for 2.5 times average monthly payroll costs (up... Read More →

As you have likely now heard, Governor DeSantis has issued a new statewide “Safer At Home” Order that mandates closure of non-essential businesses and limits citizens activities outside their homes to those deemed essential. Executive Order Number 20-91, a copy of... Read More →