Due to the coronavirus pandemic, there’s financial help available for concours d’elegance and other car events and especially for their benefiting charities. Along with small businesses, private non-profit organizations, such as car events with 501(c)(3) tax-exempt status, may apply for loans and grants through the Small Business Association.
Events large and small may apply for an Economic Injury Disaster Loan (EIDL) that offers an immediate loan of up to $10,000 which does not have to be paid back, even if the loan is denied.
Large events with paid staff may seek loan relief through the Paycheck Protection Program (PPP) included in the recently passed CARES Act. Portions of these loans used to maintain payroll, keep workers on the books or pay for rent, mortgage and existing debt could be forgiven, provided workers stay employed through the end of June.
Apply online at www.SBA.gov/disaster.
Here’s a list of concours events canceled or rescheduled due to COVID-19.
Photo: At the Eyes on Design show in Detroit, visionary Judge Jeanette Bridges uses her sensation of touch to feel the details of this Willys Knight.