Cycle Trader, a division of Trader Interactive, announced that it will be providing a webinar on the CARES Act’s Paycheck Protection Program. The Paycheck Protection Program, administered by the Small Business Administration, provides small businesses of 500 or less employees with cash flow assistance through federally guaranteed loans.
In this presentation, dealerships and manufacturers will gain a better understanding of this program, assistance currently available, eligibility requirements, the process in which to apply. Led by experts from global management consulting firm Alvarez & Marsal, this live event will take place on Thursday, April 9, at 4 p.m. ET, and will feature David Javdan, Managing Director at Alvarez & Marsal and former General Counsel of the U.S. Small Business Administration (SBA) post 9/11 and during Hurricane Katrina, and will end with a panel to answer attendee questions.
Space is limited, register for the webinar here: https://go.traderinteractive.com/cyc_CARES_webinar_signup
“This pandemic has created a rapidly evolving environment in which our customers need to stay on top of what relief is available to them as it could be the difference between keeping their businesses open and their staff employed. Due to our relationships with leading financial institutions, we are in a unique position to be able to extend that financial expertise to our customers as they navigate the global challenges that COVID-19 is presenting, and the federal emergency funding that is available to them,” said Trader Interactive CEO, Lori Stacy.
In addition to this webinar, Cycle Trader has launched Virtual Retailing Resource Center’s for powersports dealerships to help address immediate questions and concerns around the transition from a brick-and-mortar to a predominantly digital storefront, and provide data insights from our over 4 Million monthly unique visitors. These knowledge libraries provide valuable insights and tools to support the business challenges presented by the spread of COVID-19. Resources include a checklist as well as an on demand video for converting to a digital dealership, articles like Guarding Your Dealership During a Pandemic, and an overview of the emergency funding options available to dealerships and manufacturers at this time.
The Virtual Retailing Resource Centers for dealerships and manufacturers in the powersports industries can be found here: cycletradermediakit.com