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GT Tools COVID-19 Business Information
We will be populating this page with up-to-date information related to COVID-19 as we receive it!
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Essential Business Resources
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Legislature, Funding Opportunities
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CDC Information
Auto Glass Service is an Essential Business
According to the US Department of Homeland Security's "Guidance on the Essential Critical Infrastructure Workforce", Auto Glass Service (Repair & Replacement) is considered an essential business and you are encouraged to help keep our nation's transportation supply chain successfully operating. Below is a link to a Safe Passage Letter template we've put together that you can customize to your company and use in case you are questioned on the road.
1. SBA Loans - Paycheck Protection Program
CARES Act - Paycheck Protection Program through the SBA
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by directing $349 billion towards job retention and business operating expenses. Keep Reading for More Details below.
Loan Program Overview
The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses.
If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable.
Is your Auto Glass Business Eligible?
Businesses – including eligible non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors described in the Small Business Act – with 500 or fewer employees may apply.
Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.
Click Below for Details on how to apply for CARES act Forgiven Loan Programs
2. Enhanced Unemployment Benefits for Self-Employed
Section 2102 of The CARES act, the Pandemic Unemployment Assistance program, provides up to 39 weeks of Unemployment Insurance to people not otherwise eligible for regular unemployment compensation (including the self-employed and those who have exhausted their regular and extended benefits)
Details: The weekly benefit amount is equal to the amount that would normally be provided under state law (with a minimum equal to 50 percent of the average weekly payment of regular compensation in the state) plus, through July 31, 2020, $600 (as provided by Sec. 2104) and any additional increase that may be provided after enactment of this law. For the self-employed, residents of territories besides Puerto Rico or the District of Columbia, and others who would not normally be eligible, the weekly benefit amount is the weekly minimum (50 percent of the average regular compensation in the state) plus $600.
CORONAVIRUS DISEASE 2019
This is an emerging, rapidly evolving situation and CDC will provide updated information as it becomes available, in addition to updated guidance.
CDC is aggressively responding to the global outbreak of COVID-19 and community spread in the United States.
