April 23rd. Washington, DC–Winery trade associations around the country have so far been able to withstand the negative impacts of the Covid-19 crisis, but one-third of them fear they may not last if the current situation continues for long, according to a new online survey conducted by WineAmerica, the national association of American wineries. The … Read more
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
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
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
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