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Member News | April 2, 2020
 
1 . Flash survey: What have you done so far with the SBA?
1. Applied for the Economic Injury Disaster Loan (EIDL) online.
Yes
Maybe will apply
Not yet
Don't plan to
2. Plan to apply Friday at an SBA preferred lender for the Payroll Protection Program.
Yes
Maybe
No
 
 
3 . To send comments to UMA, click the button to send an email. We want to hear from you so we know how to support our operators.
 
Thanks for participating in our survey! Your answers will help us with today's Town Hall. Click the link at the end of this email to see how to participate, TODAY Thursday, April 2 at 2 p.m. ET.
2 . SBA loan guidance: 3 action items
 
 
1—Determine your cash needs for the next 10 weeks
 
2—Decide if you should apply for the EIDL.  Click here.
 
3—Friday: Apply for the Payroll Protection Program.  Click here.
 
 
3 . SBA releases list of top SBA 7(a) lenders. Here are the top ten:
 
4 . Fraud alert: Beware of grant fraud, loan scams, and phishing emails
 
A road warning sign against a stormy sky with words Fraud Alert_ Warning of Fraud
 
The Office of Inspector General for the SBA is alerting the public about potential fraud schemes related to economic stimulus programs offered in response to the Novel Coronavirus Pandemic (COVID-19).
 
Fraudsters have already begun targeting small business owners during these economically difficult times. Be on the lookout for grant fraud, loan fraud, and phishing. Download the SBA's PDF document that explains what to look out for and how to proceed safely.

 
5 . Northeast Charter and Tour looks forward to doing their part to get the country moving again
 
 
Northeast Charter and Tour of Lewiston, ME, doing its part to stop the spread of coronavirus, looks ahead to a time when the fleet will be back on the road working with other companies that rely on buses for tourism and travel.
Northeast Charter and Tour- COVID19
 
6 . OPINION
 
We need to win the battle & the war
 
 
Dave Millhouser
 
Bus & Motorcoach News | April 1, 2020 | by Dave Millhouser
 
More than 150 Confederate artillery pieces thundered for hours, a bombardment heard 70 miles away in Washington, DC.

It was July 3, 1863 in Gettysburg PA, and while the South had won most of the Civil War battles, they were losing the war. General Lee headed north to fix that.
 
The guns quit, and General George Pickett led thousands of men into history... and defeat.
 
A major factor was that, unseen in the smoke, many of the artillery shells landed long, behind Union lines. The Yankee troops were alerted to the impending charge, AND they were mightily irritated.
 
 
 
 
Stay informed
 
 
Every Thursday at 2 p.m. ET on the Zoom platform. Join from your computer or phone.
 
Resources, news and important links for advocacy, SBA grant and loan programs, and more
March 31 MEMBER NEWS

Bus companies included in $349 billion fund: What you need to do now

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses, including our nation's bus and motorcoach companies. It authorizes up to $349 billion toward job retention and certain other expenses.  This program also applies to individuals who are self-employed or who are independent contractors.

Small business like yours should begin the application process immediately. The links below will guide you through the process.

  1. Get a top-line overview of the program HERE

  2. If you’re a lender, more information can be found HERE

  3. If you’re a borrower, more information can be found HERE

  4. The application for borrowers can be found HERE

What you should know about economic impact payments to you
The Treasury Department announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.
 
Read their recent bulletin to find answers to commonly asked questions:
 
 
The IRS will post new information on  IRS.gov/coronavirus  as soon as it becomes available.
 
The IRS has a reduced staff in many of its offices but remains committed to helping eligible individuals receive their payments expeditiously. Check for updated information on  IRS.gov/coronavirus  rather than calling IRS assistors who are helping process 2019 returns.
 
Small business town hall offers CARES Act guidance
A panel of experts spoke about important aspects of the CARES Act and answered questions from concerned small business owners at a National Small Business Town Hall, held last week. Watch the video on YouTube.
 
Panelists included: