In the wake of the COVID-19 (Coronavirus) at least 50 USEA recognized competitions will be negatively impacted by this pandemic, and thousands of additional small businesses and non-profits will as well. The USEA headquarters is working to provide information regarding disaster assistance that may be available for those eventing businesses and non-profits. The following list will be updated as additional information becomes available.
Federal Coronavirus Small Business Assistance
If you need cash to offset lost revenue and help keep your business afloat, the programs below can help. The U.S. Small Business Administration (SBA) coronavirus resource page provides a list of relief programs and offers guidance to small business owners during this crisis.
SBA Economic Injury Disaster Loan Program
As part of its disaster assistance program, the SBA is providing low-interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus in presidential and SBA-declared disaster areas. State governors must request access to the Economic Injury Disaster Loan program for businesses located in their states.
These loans carry an interest rate of 3.75 percent for small businesses and 2.75 percent for non-profits. Loan repayment terms vary by applicant, up to a maximum of 30 years.
How to Apply
Federal Income Tax Filing and Payment Deadline Extension
The federal tax return filing deadline is now July 15, 2020. For tax payments of up to $10 million, the IRS has also extended the deadline for both individuals and businesses to July 15, 2020. Estimated tax payments for 2020 originally due on April 15 will now be due on July 15.
Check with your state tax agency to find out if your business has more time to file or more time to pay state and local taxes this year as a result of the coronavirus. Several states have already aligned their tax filing and payment deadlines with the new federal deadline. States also may waive or reduce penalties on late tax payments.
State and Local Coronavirus Small Business Assistance
States and municipalities are adding programs by the day. Check your governor’s website for up-to-date information about relief available in your area. The National Governors Association offers a list of governors’ websites.
You can also check out this website which lists relief programs for small businesses by state.
Lender and Corporate Small Business Assistance Programs
Many banks have offered deferment and forbearance to business loan customers having trouble making payments. Check Forbes’ list of banks offering relief. You can also search for your bank on the American Bankers Association’s ongoing A-Z list of coronavirus response programs.
Facebook Small Business Grants Program
Facebook has committed to offering up to 30,000 small businesses $100 million in cash grants and Facebook advertising credits. The grants will be provided to businesses in more than 30 countries. Information is limited, but sign up to get more details from the company when they’re available.
American Horse Council – United Horse Coalition
The USEA is a member organization of the American Horse Council (AHC). The AHC is the only organization that represents the entire horse industry in Washington, D.C. Their ultimate mission is to protect the horse industry and to represent the entire industry to Congress. They are working to make sure that equine related businesses are included in government assistance. To view their COVID-19 resource page visit https://www.horsecouncil.org/covid-19-resouces.
The USEA Foundation is thankful to you, our donors, for your generous support over the years. Your gifts to the Foundation showed your commitment to protecting the sport and the USEA against any future national crisis. Naturally, we all hoped that we would never see such a crisis, but in 2020 see it we did!
The 2020 USEA Virtual Annual Meeting & Convention is next week and the schedule is now available! The centerpiece of this week will be the USEA Annual Meeting & Keynote Address, taking place on Saturday, December 12, 2020 at 2:00 p.m. Eastern time through a Zoom Webinar.
The United States Eventing Association (USEA) is pleased to announce the renewed partnership with Etalon Diagnostics. As a Contributing Level Sponsor to the USEA Young Event Horse (YEH) and USEA Future Event Horse (FEH) programs, Etalon Diagnostics will provide 10 Minipanel PLUS Tests with Ancestry to be used towards prizes for the USEA YEH and USEA FEH Championships.
“What a stunning photo of a stunning individual,” was Chris Ryan’s first remark when assessing this 2-year-old Thoroughbred gelding. “He typifies the refinement the Thoroughbred brings to the table. Look at the fine outlines. Look at the jugular groove and those beautifully light connections."