Like many businesses across the nation, our clubs and coaches may be experiencing unexpected difficulties during the outbreak of the coronavirus (COVID-19). EDP Soccer is here to support you during this crisis.
The best advice from experts is that clubs and coaches should be contacting their accountants and/or attorneys to get professional advice before they take any short-term or longer term actions.
There are several layers of federal (and state) legislation that will impact your club. EDP Soccer will be curating and sharing more information on those legislative actions and regulations, and your professional advisors should be able to assist you in navigating the options and avenues available to you.
In our ongoing effort to keep our clubs informed about business assistance available from the Federal Government, we wanted to share the fact sheet on the Federal Government’s Paycheck Protection Program (PPP).
PPP authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
In addition to Federal assistance programs available to for profit and non profit businesses impacted by the COVID-19 outbreak, we have collected some state-by-state and local resources that may be of interest to members of the EDP family: