Covid 19

COVID-19 Relief Options

Everything Our Customers Need to Know

To our Sole Savers Eureka Auto Sales and Northwest Acceptance Corp., Inc. Customers, We know this is a difficult time for our customers, and we want to assure you once more that the health and safety of our customers and employees is most important to us. We have taken additional steps to prevent or reduce COVID-19 exposure. We have put in place sanitizing measures, limited personnel and customer traffic, and worked to fully accommodate our customers whilst practicing social distancing and minimal contact, but we also wanted to touch base with you regarding some new developments with the ongoing pandemic.

Financial Impact

Financially, we know this time has been nerve wrecking. To lose one’s job, and not know what tomorrow holds is an unfathomable experience that no one is prepared for. We are here to help you navigate through this. Our doors are open, and we are here working individually with our customers to understand their situation and to let them know how we might be able to help. We don’t want to see our customers fall behind on their payments. We know transportation is essential.

We are happy to hear that some of our customers have already begun to receive aid via stimulus checks, federal and state unemployment and small business loans. Luckily there are many resources available, however knowing exactly where to go and what relief you qualify for can be confusing and overwhelming. We would like to inform you of some great resources that will allow you to access funds faster in order to make your account current again or avoid falling behind.

Financial Resources

If you have lost your job....

Federal Pandemic Unemployment

The CARES Act has expanded unemployment insurance. If you have not done so you can file for Federal Pandemic Unemployment at the link below:

• https://www.edd.ca.gov/claims.htm for California customers.
• https://www.oregon.gov/employ/unemployment/pages/default.aspx for Oregon customers.

You may be entitled to up to a $600 weekly increase for up to four months on top of state benefits. Self employed, freelancers, and independent contractors are also included.

If your business needs assistance…..

The CARES Act has also made available multiple relief and loan programs for small businesses.

Paycheck Protection Program

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

EIDL Loan Advance

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

SBA Express Bridge Loans

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

SBA Debt Relief

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

Federal Stimulus Checks

The Treasury Department and the Internal Revenue Service have announced that distribution of economic impact stimulus payments will begin this week and will be distributed automatically. If you have not filed taxes, the IRS is urging you to do so with your most up to date banking information for direct deposit of this stimulus. If you have direct deposit set up money may be inserted into your account mid-April, if you receive your return by check you can expect your check payment by May. The US Treasure is setting up an online portal for individuals to provide their banking information at the link below. If you need to update the IRS with your direct deposit information because you are a non filer or just need to update your information you can do so by using the link below.

https://www.irs.gov/coronavirus/economic-impact-payments

For more information surrounding the federal relief visit.
IRS.gov/coronavirus

These resources are a great way to stay afloat during these challenging times. Our team is here to work through each individual circumstance in order to find a solution that works for everyone.

We are here. This is a fluid situation, but at this time our doors are open. You can reach us through any of the following channels.

Northwest Acceptance Corp. Inc.
23 6th St, Eureka CA. 95501
707-445-4639

and

401 E. 4th St Medford OR 97501
541-772-8602

Our office hours are Monday-Friday
9am-6:00 pm, and Saturday 9am-5:00pm
(subject to temporary changes)
for more information on how to stay healthy during this time visit coronavirus.gov