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.
We know a lot about the athletes representing the USA on our Tokyo team, but what about those essential people, the grooms? Catherine Austen finds out more about Courtney Carson, Emma Ford, Bridget London, and Steph Simpson in this edition of Tokyo Talk.
Ian Stark’s cross-country course resulted in changes among the FEI divisions on Saturday
Cross-country day for the FEI competitors at Rebecca Farm resulted in big changes in the top three standings in the 4* divisions. The current top three riders in the CCI4*-Long all put in double-clear rounds to maintain their dressage scores from the first day of competition.
Phillip Dutton and Z are on the road to Tokyo! Dutton, the 6-time Olympian, is going into his 7th Olympic Games. Dutton’s first three Olympics he represented Australia and helped secure the team gold medal twice (1996 - team gold, 2000 - team gold, and 2004). The 2008 Beijing Olympic Games were the first Olympic Games that Dutton rode for the U.S., and he has been on the U.S. Olympic team ever since. Dutton’s most recent Olympic performance at the 2016 Rio Olympics, he earned the individual bronze medal with Mighty Nice.
Rebecca Farm FEI dressage scores are tightly packed
The FEI competition at Rebecca Farm continued today with the CCI3*-Long, CCI4*- Short, and CCI4*- Long dressage. With scores ranging from the mid-20s to the low 30s, the standings in all divisions are tightly packed.