EIDL Loans Available to Wineries

Based on some information we received from two representatives from the Small Business Administration (SBA), wineries are indeed eligible for Economic Injury Disaster Loans (EIDL). We have been receiving conflicting information about winery eligibility due to agricultural enterprises being excluded from loan eligibility. Due to the manufacturing aspect of a winery’s business, wineries are eligible. … Read more

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

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

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

CARES Act: Covid-19 Stimulus Summary

Pile of CARES Act Buttons With US Flag

The following is a basic summary of the CARES Act and benefits for the wine industry: Small Business Loans: The bill authorizes $367 billion in Small Business Administrations Loans: The CARES Act would increase the maximum loan amount to $10 million and would expand allowable uses of loans to include payroll support (including paid sick … Read more