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SBA Announces Extended Deadline for EIDL Loans The Small Business Administration (SBA) has extended the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan (EIDL) to December 31, 2021.   Loans distributed through the EIDL program differ from Paycheck Protection Program (PPP) loans. EIDL loans are not eligible for forgiveness and must be…

U.S. Department of Commerce Announces New Antidumping and Countervailing Duty Investigation The U.S. Department of Commerce announced last week the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations for the Republic of Korea, Taiwan, Thailand, and the Socialist Republic of Vietnam. These investigations are intended to determine whether or not passenger vehicle and…

U.S. Congress Passes Economic Relief Legislation- 2nd PPP Included in the Bill The U.S. Congress passed the $900 billion COVID-19 Economic Stimulus Relief Act today. This legislation, which passed along with the $1.4 trillion FY21 budget package, is the second largest stimulus package ever passed, behind the CARES Act, which was passed in March of…

Economic Stimulus Bill Text Released– Vote Expected Today The U.S. Congress has released the full text of the new economic stimulus bill. They are expected to vote to pass the legislation later today. To read the full bill text, click here. To read a summary of the legislation, click here. Categories Auto Repair Automotive Parts…

Paycheck Protection Program (PPP) Update The U.S. Congress is set to approve a new economic stimulus bill today, including a new round of PPP lending. The new round of PPP will be available to businesses with 300 or less employees who can demonstrate a 25% loss in any quarter of 2020 compared to 2019. The…

Congressional Democrats Release COVID-19 Economic Stimulus Bill Summary Congress Set to Approve on Monday After a weekend of negotiations, the U.S Congress has come to an agreement on economic stimulus legislation for COVID-19 relief. The bill is expected to be voted on and passed Monday. Congressional Democrats released a summary of the legislation this evening.…

U.S. Senate Releases Bill Text for Economic Stimulus Legislation The U.S. Congress took another step towards reaching a deal on economic stimulus for COVID-19 relief by releasing the legislative text for a $798 billion bill yesterday. This legislation was drafted by the bipartisan group of senators and is part-one of a two-part plan for relief.…

WATCH NOW: Shop Owners Andy Fiffick and Bryan Gossel Discuss PPP ASA spoke with Ohio shop owner Andy Fiffick and Colorado shop owner Bryan Gossel about their experiences with the Paycheck Protection Program (PPP) and navigating their businesses through the ongoing COVID-19 pandemic. The U.S. Congress is still negotiating new economic stimulus legislation including another…