RVDA COVID-19 Update: Essential Busineses, SBA Loans, Paid Leave and More
RVDA Members: This page is updated regularly. Please add RVDA.org to your safe senders list for email updates.
Other Resources: RVIA (Manufacturers & Suppliers) KOA Campground Update National Association of RV Parks & Campgrounds (ARVC) Oudoor Rec. Roundtable (ORR)
Public Health Guidance for Close Contact with Confirmed Cases
If you have had close contact with anyone who has a confirmed case of COVID-19, here's what you need to know. Click Here
Essential Business and Services Information
RV National Associations: RV Industry Should be Recognized as Essential Businesses
The RV Industry Association, RV Dealers Association, and the National Association of RV Parks & Campgrounds sent letters to all 50 state Governors and the Department of Homeland Security urging them to recognize the RV industry and campgrounds as essential businesses as they implement measures in response to the COVID-19 virus. For dealerships that provide essential services and that determine they can and want to remain open, these letters can be a resource to use with state and local officials.
>To view the letter to Governors click here.
>To read the letter to the Department of Homeland Security, click here.
Government Resources on Essential Services
>Department of Homeland Security (DHS) guidance to state and local governments on essential workforce, click here.
>State and local emergency declaration contacts in each state click here.
Economic Aid & SBA Resources
The Small Business Administration (SBA) and Treasury Department issue the final interim rule for the Paycheck Protection Program. SBA's goal is to position lenders as the single point-of-contact for small businesses – the application, loan processing, and disbursement of funds will all be administered at the community level.
The new loan program is designed to help small businesses with their payroll and other business operating expenses. It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA. All loan payments will be deferred for six months. The SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.
>For a direct link to the SBA Paycheck Protection Program, click here.
Other Useful PPP and CARES Act Information
>SBA PPP Lender Finder Tool
>Treasury Department issued Frequently Asked Questions (FAQs) for PPP borrowers and lenders.
>Main Street Lending Program overview (for small & mid-sized businesses) by RVDA outside counsel Venabe: click here.
>CARES Act overview by RVDA outside counsel Venable: click here.
>Tax Benefits from CARES Act
SBA Disaster Loan Program Available for Small Businesses Impacted by COVID-19
The Small Business Administration will work directly with state governors to provide targeted, low-interest loans to small businesses that have been severely impacted by COVID-19. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Find more information on the SBA’s Economic Injury Disaster Loans here.
>National, regional & district offices and loan
>Local SBA office locator
>List of all US SBA offices
Employment Issues: Paid Leave & More
Families First Coronavirus Response Act
Department of Labor Guidance Q&A
President Trump has signed the Families First Coronavirus Response Act. This economic stimulus plan to address the impact of COVID-19 includes many provisions which apply to employers, such as paid sick leave for employees impacted by COVID-19 and those serving as caregivers for individuals with COVID-19. There are two provisions providing paid leave to employees forced to miss work because of the COVID-19 outbreak: an emergency expansion of the Family Medical Leave Act (FMLA) and a new federal paid sick leave law. The leave provisions went into effect on April 1.
This law provides refundable tax credits for employers who are required to provide Emergency Paid Sick Leave and Emergency Paid Family and Medical Leave. These tax credits are allowed against the employer portion of Social Security taxes. The law allows the Secretary of Labor to exclude to exempt small businesses with fewer than 50 employees if the required leave would "jeopardize the viability of their business." For guidance from the IRS on implementation, click here.
There are also caps on paid sick leave wages and specific calculations for rate of pay included in the law. RVDA will provide more information as the Department of Labor releases more details on how the law will be implemented. For detailed information from leading employment law firm Fisher Phillips, click here. From RVDA outside counsel Venable, click here. Please consult your attorney for additional information and state specific employment laws.