Mar 24, 2020

Resources for Eventing Businesses and Non-Profits Impacted by COVID-19

By USEA
RedBayStock.com Photo.

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.

[Press Release: U.S. Small Business Association (SBA) to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)]

Who’s Eligible

  • As of March 24, Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). An updated list can be found here: SBA-declared disaster areas
  • You can use the loan to cover accounts payable, debts, payroll, and other bills the coronavirus has affected your ability to pay.

How to Apply

  • Apply online and select “Economic Injury” as the reason you’re seeking assistance.
  • You’ll need to supply required supporting documentation that could include the business’s most recent tax returns, a personal financial statement and a schedule of liabilities that lists all your current debts.
  • Call the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 for help with your application.

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.

Portions of this article were obtained from Forbes.com. If you are aware of additional resources that may be available, please reach out to [email protected] so that they may be added to this list.

Dec 22, 2024 USEA Foundation

Top Tips for Applying for a USEA Foundation Grant

Did you know that the USEA Foundation awards over 150 grants each year to deserving individuals who are involved in the sport of eventing? With grants that assist riders with accomplishing their competition goals, grants geared toward licensed officials, grants that are specific to continuing education for coaches, grants that assist competitions with obtaining frangible technology, and so much more, there really is a grant opportunity available to almost anyone!

Dec 21, 2024 Education

3 Ways to Help Eventing Thrive in 2025

With the start of the New Year just days away, now is the time to consider how your actions can have a positive impact on the sport of eventing in 2025. Each and every member of the eventing community has an important role to play in ensuring the sport continues to grow and thrive. From fostering educational opportunities to supporting grassroots initiatives and participating at all levels of the sport, there are so many ways to get involved.

Dec 20, 2024 Sponsor

“Happy Horse Equals Happy Judge”: Ask An Expert with Dressage Judge Peter Gray, Brought to You by Ride iQ

Ride iQ’s popular “Ask An Expert” series features professional advice and tips from all areas of the horse industry. One of the most-downloaded episodes is an expert session with Peter Gray, an accomplished dressage judge and Olympic eventer. He has recently judged at events like the five-star at the Defender Kentucky Three-Day Event, and he served on the ground jury at the 2022 FEI World Eventing Championships in Pratoni, Italy. His background as a competitor in the Olympic Games riding for Bermuda and as a coach and selector for the Canadian eventing team adds depth to his understanding of the sport.

Dec 19, 2024 Volunteers

The VIP Volunteer: Cathy Hale Has A Thirst for Adventure and a Love for Volunteering

With a total of 382 volunteer hours in 2024, Catherine “Cathy” Hale not only topped the USEA Area III VIP Volunteer leaderboard, but she also ranked fourth out of all eventing volunteers across the country. Hale (The Villages, Florida) has worked as a travel agent for over 30 years, a career that suits her love of travel nicely. At the time of being interviewed for this article, Hale was passing the equator on a cruise to Tahiti, New Zealand, and Australia.

Official Corporate Sponsors of the USEA

Official Joint Therapy Treatment of the USEA

Official Feed of the USEA

Official Saddle of the USEA

Official Equine Insurance of the USEA

Official Forage of the USEA

Official Supplement Feeding System of the USEA

Official Competition & Training Apparel of the USEA

Official Horse Boot of the USEA

Official Shockwave of the USEA

Official Horse Wear of the USEA