New Vehicle Sales Continue Downward Slide in April, Edmunds Forecasts

SANTA MONICA, Calif.April 30, 2020 /PRNewswire/ — The car shopping experts at Edmunds say that April will be a record down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 633,260 new cars and trucks will be sold in the U.S. for an estimated seasonally adjusted annual rate (SAAR) of 7.7 million. This reflects a 52.5% decrease in sales from April 2019, and a 36.6% decrease from March 2020. Edmunds analysts note that this is the lowest-volume sales month dating back to at least 1990; the second worst month for sales in the past 30 years was January of 2009, when 655,000 vehicles were sold. Continue reading

Paycheck Protection Program

Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.

SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.

Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
  • Sole proprietors, Independent Contractors, and Self-employed persons.

Please see this page to learn more details. Thanks.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

Lords CPA, in Saline, Michigan

Who We Work With
We only are taking new customers who are crafters of food and beverage and those that support them. We specifically work with breweries, wineries, cheese makers, crafters of food and beverage, farms that support food crafters, markets that sell crafted food and beverage, and restaurants that use crafted food and beverages.
We have chosen this realm primarily due to the heavy interest the Chief Design Officer, Corey Lord, has with food and drink. With that passion, we are able to work with this industry with knowledge and excitement that most accountants just can’t offer.
Who We Are
We are a CPA firm. We only offer our service to the food and beverage industry. From breweries to restaurants, we are the CPAs for this industry. Take a peek at our FAQs to get an idea of what we believe regarding the different areas in which we work.
Changing Lives Around The World
One of our core beliefs is that business can not only change the lives of people they directly interact with but also those around the world. That’s why we teamed up with the global micro-giving organization B1G1. Through this organization we are able to impact lives around the world. Whenever a new customer joins forces with us, we give a goat to a family in Kenya so they may sell or consume the goat’s milk. Additionally, any ongoing services a customer chooses, we give 100 days of water to people in Ethiopia every month we work together.
Address:
Saline, Michigan 48176
Website: http://www.longschaefer.com/