The RV Industry Association is in constant contact with federal officials who are overseeing the response to COVID-19, monitoring the spread of this virus and its potential impact on the RV industry. Our top priority is the safety of our industry's employees, members and communities. Below are resources for your companies to use during this unprecedented situation and we will work to share additional information as it becomes available.
RV Industry Talking Points
The RV Industry Association has provided the following talking points for members and industry to use when speaking about how the RV industry is uniquely able to assist in managing this ongoing crisis and it's essential to keep RV manufacturing, dealers and campgrounds open.
Workplace Guidance for Businesses Reopening
- CDC Reopening Guidance for Cleaning and Disinfecting Public Spaces, Workplaces, Businesses, Schools, and Homes
- CDC Guidelines for Cleaning and Disinfecting Your Facility
- OSHA Alert to Help Keep Manufacturing Workers Safe During Coronavirus Pandemic
Coronavirus Tracker and Background Information
Johns Hopkins University has been providing the latest COVID-19 statistics, numbers and trends, updated in near real time in their interactive dashboard.
- COVID-19 Symptoms
- What to Do If You Are Sick with COVID-19
- How COVID-19 Spreads
- People at Risk for Serious Illness from COVID-19
- Steps to Prevent Illness
How to Sell or Donate Supplies
- To sell medical supplies or equipment to the federal government, please email specifics to covidsupplies@fema.dhs.gov.
- If you have medical supplies or equipment to donate, please provide FEMA with details on what you are offering.
- If you are a private company that wants to produce a product related to the COVID response – email nbeoc@max.gov.
SBA Paycheck Protection Program
Small businesses impacted by coronavirus-related issues between February 15 and June 30, 2020 can apply for the Small Business Administration (SBA) Paycheck Protection Program that provides $349 billion under the CARES Act for small business loans. All 501(c)(3) nonprofits, 501(c)(19) veterans organizations, tribal businesses with fewer than 500 employees, individuals who manage a sole proprietorship, and independent contractors are eligible. Each entity is limited to one loan, determined by the applicable taxpayer identification number.
On April 21st, the Senate passed a $484 billion interim coronavirus funding bill that includes $310 billion in additional funds for the Paycheck Protection Program (PPP). We strongly encourage RV businesses to continue to apply for the loan funds that will be made available soon.
New provisions in the law require that borrowers certify in good faith that their PPP loan request is necessary, taking into account their current business activity and their ability to access other sources of liquidity sufficient to support their ongoing operations in a manner that is not significantly detrimental to the business.
Treasury Department released an 11-page FAQ document on the Paycheck Protection Program.
The Paycheck Protection Program Covers:
- Payroll costs
- Continuation of group health-care benefits
- Employee’s salaries, commissions, or similar compensation
- Rent & Utilities
- Interest on mortgage obligations
- Interest on any other debt obligations that were incurred before the relevant covered period
Paycheck Protection Program Loan Terms:
- Interest rate: 1% fixed rate
- Maturity: 2 years
When Can You Apply For The Program?
- Now for Small Businesses, Sole Proprietorships, Independent Contractors and Self-employed Individuals
PAYCHECK PROTECTION PROGRAM APPLICATION
The SBA has provided a tool to find a nearby lender eligible to issue a loan under the Paycheck Protection Program.
SBA PAYCHECK PROTECTION PROGRAM LOAN REPORT
On May 15, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.
The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.
The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:
- Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
- Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
- Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
- Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
- Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined
APPLICATION AND INSTRUCTIONS HERE
Mainstreet Lending Program
The Main Street Lending Program supports small- and mid-sized businesses and will offer 4-year loans to businesses that were in good financial standing before the crisis and who employed up to 10,000 workers or had revenues of less than $2.5 billion. Principal and interest payments on these loans will be deferred for one year. Banks participating in the program may provide new loans or increase the size of existing loans they have made to businesses. Banks will retain a 5 percent share, selling the remaining 95 percent to the Main Street facility, which will purchase up to $600 billion of loans.
Human Resources
The Families First Coronavirus Response Act, a $100 billion-dollar stimulus bill signed into law by President Trump on March 18, requires employers to provide paid leave for some employees related to the coronavirus pandemic, among other measures. Specifically, the requires two weeks of paid sick leave for affected government workers and employees of companies with fewer than 500 employees and provides FMLA rights for some employees of companies with fewer than 500 employees. The bill also provides funding for economic assistance, requires health plans to cover COVID-19 testing at no charge, and includes a refundable tax credit for employers that provide paid leave benefits due to the coronavirus outbreak.
On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act which aimed to boost the economy with provisions that impact unemployment insurance, business loans, employer-sponsored health insurance, retirement savings and employer-provided education assistance. Click below for an analysis of the bill as it relates to workplace-specific provisions.
RV Industry Association Partner Resources
The National Association of RV Parks & Campgrounds (ARVC) has created a listing of helpful links and resources to stay informed on safety best practices for campground owners and campers during this time.
The RV Dealers Association is responding to the latest developments amid COVID-19 and you can learn about their resources and updates available on their website.
As the situation with COVID-19 unfolds, the Outdoor Recreation Roundtable provides an assortment of valuable resources from state, federal and more in regards to the outdoor recreation industry.
The RV Industry Association will continue to monitor the situation as it evolves, and will be diligent in updating members in the process as we work together during this time. To stay up-to-date on the latest industry news visit the RV Industry Association’s News & Insights Blog and contact us to let us know how we can continue to help you during the current situation.
