Seeking Member Feedback on SBA Paycheck Protection Program

WANADA is looking for feedback from our member dealers and Kindred-Line members about their experience with the Small Business Administration’s Paycheck Protection Program.

If you are a WANADA member and have applied for, or are considering applying for a PPP loan, please click here to complete this brief survey by 12 p.m. on Friday.

It is very evident that the PPP has been both very popular, and for many, very difficult to access. As Congress discusses adding $250 billion to the loan fund, WANADA and our state-level association partners plan to use this information as we fight for improvements in this program, and additional federal resources made available through the CARES Act.

If you have not yet applied for a loan and are planning on doing so, please act quickly as the initial $349 billion fund is projected to deplete very shortly. Please contact your pre-existing SBA 7(a) lender for information, or complete the SBA’s Lender Match Tool to find a qualified bank.

For more information on many of the federal resources available to small businesses, please visit the SBA’s COVID-19 information page. The Federal Reserve also announced it will be making hundreds of billions of dollars in loans available to medium-sized businesses through its Main Street Lending Program. More details on that program are expected in the coming week, following the conclusion of the program’s introductory comment period, which ends Thursday.

You can also visit WANADA’s COVID-19 Information Library to view detailed links about resources available to both employers and workers, at the federal, state, and local levels.

Download Bulletin PDF