Answers to Questions about Small Business Loans and other Business Issues Related to COVID-19

SEMA has compiled resources on the association’s Coronavirus Updates & Resources page at www.sema.org/coronavirus to ensure that TORA members have the latest information regarding small business loan programs, state shelter-in-place requirements, paid leave requirements for employees, OSHA worker protection requirements and more. Listed below are links to key information on new laws and guidance from federal and state government agencies that may impact your business:

    Database: How Each State Defines “Essential” Business for Auto Industry Activities

    Federal Resources and Loan Programs

    Paid Sick and Family Leave: New Federal Law Requirement for Small Businesses

    Department of Labor Guidance on Employee Rights Under the Families First Coronavirus Response Act

    OSHA: Protecting Workers From Potential Exposure

    SBA: Coronavirus (COVID-19): Small Business Guidance & Loan Resources

    IRS Coronavirus Tax Relief

    IRS, Treasury & Labor—Coronavirus Related Paid Leave For Workers & Small Business Tax Credits

“The website provides a variety of helpful links to help guide TORA members and their businesses during this challenging time,” said TORA Chair-Elect Troy Wirtz. “It's a great source that includes important information related to COVID-19 and its impact on the industry.” 

The association’s top priority is the health and safety of the industry, as well as helping members minimize business disruption and succeed during this trying time. Visit www.sema.org/coronavirus to learn more.