SEMA and many SEMA-member companies joined the Americans for Free Trade (AFT) coalition in urging President Trump to provide relief to struggling U.S. companies by delaying the current collection of import duties and fees.
SEMA-member companies looking to apply for the PPP loan should contact a bank where they have an existing relationship immediately, as strong demand for the loans is expected to exhaust the additional funding for the program next week.
Automotive aftermarket manufacturers seeking to develop products during “stay-at-home” orders can tap into several exclusive SEMA-member benefits that lend themselves to physical distancing.
SEMA Education has partnered with Mike Brown, founder and CEO of the Brainzooming Group, to host a free six-part webinar series filled with tips and strategies to help SEMA members communicate, respond and plan for the changes resulting from the Coronavirus.
President Trump issued an Executive Order allowing U.S. Treasury Secretary Steve Mnuchin to defer payments of certain duties, taxes and fees for up to 90 days dating back to March 2020.
SEMA members can again apply for a PPP loan or emergency injury disaster (EIDL) loan once President Trump signs pending legislation providing additional funding for both programs.
The sudden outbreak of the COVID-19 novel coronavirus has forced many companies to alter and adjust their existing business models.
Presented by SEMA Education in partnership with Mike Brown, CEO and founder of The Brainzooming Group, the webinars are available to all SEMA-member companies at no cost.
The following are examples of how several automotive specialty-equipment companies are responding to this unprecedented event.
The U.S. Senate and House of Representatives passed legislation to add $320 billion in additional funds to the Paycheck Protection Program (PPP) and $60 billion to the SBA’s Economic Injury Disaster Loan (EIDL) program.