Monday, Mar. 30, 2020, 12:30 PM
The National Independent Automobile Dealers Association understands one of the most valuable assets operators ever can have — cash — has been taken to unprecedented importance during the coronavirus pandemic.
And NIADA wants members to take full advantage of federal assistance, so independent dealerships can improve their cash positions.
NIADA, in partnership with CliftonLarsonAllen, is hosting a special, free webinar titled, “The CARES Act and its Impact on the Independent Dealer.” The session is set for 2 p.m. ET on Wednesday.
NIADA’s Steve Jordan, Shaun Petersen and Chuck Bonanno will be joined by CLA’s David Wiggins to discuss the key provisions of the new bipartisan relief legislation, including the small business loans, and what you should be doing now to take advantage of those opportunities.
“David will also give you some business and cash flow planning strategies to help you navigate your dealership through these trying times,” NIADA added.
Petersen shared a brief explanation of the CARES Act here and in the video available at the top of this page.
Registration for the free webinar can be completed here.
The U.S. Senate Committee on Small Business and Entrepreneurship also posted a Q&A about the Paycheck Protection Program that can be reviewed here.