Update from the US Chamber of Commerce on Non-profit Organizations and SBA Loans

All Non-Profits, Including 501(c)6s Now Eligible for $10,000 Grants and SBA Disaster Loans  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amends the SBA’s Emergency Economic Injury Disaster Loan (EIDL) program. Non-profits, including 501(c)6s, are eligible for loans under the EIDL program.  Specifically, under the CARES Act,  Applications are streamlined: Waives requirement for … Read more Update from the US Chamber of Commerce on Non-profit Organizations and SBA Loans

CARES Act Paycheck Protection Loans Guidance

The Treasury Department and the Small Business Administration have issued guidance on the Paycheck Protection Program (PPP)  loans as guaranteed in the CARES Act. The CARES Act guaranteed $349 billion in small business loans for employers to retain employees and cover costs such as mortgage payments and utility bills. (For a full summary of the … Read more CARES Act Paycheck Protection Loans Guidance

TTB Announces Three Month Excise Tax Postponement

Exterior of United States Department of Treasury daytime

The Alcohol and Tobacco Tax and Trade Bureau (TTB) recognizes that businesses that they regulate are being severely impacted by COVID-19. To assist these businesses during this period, they are postponing several filing and payment due dates for 90 days where the original due date falls on or after March 1, 2020, through July 1, … Read more TTB Announces Three Month Excise Tax Postponement

WineAmerica Releases Covid-19 Wine Industry Economic Impact Survey

Washington, DC, March 26, 2020–WineAmerica, the national association of American wineries, has released the results of a national economic impact survey of wineries across the country to initially assess the effects of the Covid-19 crisis on their businesses so far. The survey was sent on Thursday, March 19 with a deadline of March 23, and … Read more WineAmerica Releases Covid-19 Wine Industry Economic Impact Survey

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