TIA Issues Statement on SBA 7(A) Forgivable Loans Under the Paycheck Protection Program
Businesses Are Encouraged to Apply Beginning April 3, 2020
FOR IMMEDIATE RELEASE
CONTACT:marketing@tianet.org
April 1, 2020 – ALEXANDRIA, VIRGINIA – Transportation Intermediaries Associations (TIA), the largest association representing third-party logistics companies, released today the following statement from President & CEO Robert A. Voltmann, CAE, regarding guidance released by the Small Business Administration (SBA).
The SBA announced today that lenders may begin processing SBA 7(a) forgivable loan applications under the Paycheck Protection Program on Friday, April 3, 2020.
These loans are first come, first serve, so please do not hesitate to apply for the loan.
On behalf of TIA and our 1,800 member companies, I encourage all of you who meet the 500 employees or less employee threshold – per the “CARES Act” economic relief legislation – to inquire with your local bank or financial institution about applying for this great stimulus loan program.
TIA fought for the Paycheck Protection Program with your businesses and employees in mind. We believe that no American family and no American business should fail because of a virus beyond our control.
Please take note of the following specifics related to this program:
- A small business is eligible to borrow 250% of their average payroll expenses (up to $10 million) in capital to be used for meeting payroll, rent, mortgage interest or utility payment obligations.
- It is crucial you maintain your payroll for eight (8) weeks, as this is the determining factor for loan forgiveness.
- Loan payments will be deferred for six (6) months.
- No collateral will be required for these loans and no fees will be charged by the government or lenders.
Our members, the third-party logistics companies that facilitate freight from the manufacturer (shipper) to the motor carriers and other modes, are essential during this COVID-19 crisis. Many of them are struggling financially through this crisis and have been directly impacted by the recent economic and health downturn.
I once again urge you to reach out to your local banks and inquire about the SBA 7(a) forgivable loans under the Paycheck Protection Program; this is an opportunity to not only secure funds for your business but for your employees who have also been struggling during this trying time.
- 13.01.2023- CABVI AND TIA JOIN FORCES TO OFFER FREIGHT BROKER PROFESSIONAL PROGRAM
- 08.03.2023- Freight Market Declines Test Brokers During the Fourth Quarter
- 15.03.2023- TIA Achieves SCHEV Certification
- 28.03.2023- FMCSA Denies TIA Petition, Grants Rulemaking on Rate Intrusion
- 26.04.2023- Key Takeaways from the TIA 2023 Capital Ideas Conference
- 09.05.2023- TIA Grants CTB Designation to 42 Logistics Professionals
- 10.05.2023- Transportation Intermediaries Association Testifies Before Congress on Overcoming Supply Chain Challenges
- 24.05.2023- Freight Volume Declines Let Up During the First Quarter
- 07.06.2023- Dr. Jennifer Golbeck to Deliver Keynote Address at TIA Technovations 2023
- 09.06.2023- TIA Launches Task Force to Combat Escalating Fraud in the Industry
- 14.06.2023- TIA Releases Free Educational Fraud Course for Members
- 06.07.2023- TIA Announces Scott Jennings as Keynote Speaker, Bringing Unparalleled Political Expertise to Industry Policy Discussions
- 28.07.2023- Dr. Jim Kenny Announced as the Leadership Instructor for TIA’s Executive Development Leadership Program
- 01.08.2023- Celebrating Tech Innovators in Logistics: Inaugural TIA “Technovator of the Year” Award Open for Nominations
- 03.08.2023- TIA Unveils Watchdog Program Enhancements through Collaboration with Highway
- 07.08.2023- TIA Unveils Updated Carrier Selection Framework to Combat Industry Fraud
- 22.08.2023- Automotive Production a Bright Spot for Freight Market in Q2
- 24.08.2023- Applications Open for TIA’s 2023 Policy Forum Scholarship Program
- 06.09.2023- TIA Recognizes 43 Logistics Professionals with CTB Designation
- 08.09.2023- TIA Announces Trimester 3 CTB Scholarship Winners
- 12.09.2023- TIA Releases Sustainability Whitepaper for Logistics Professionals
- 18.09.2023- Anne Reinke, TIA President & CEO, Named Recipient of 2023 Women in Supply Chain Award
- 21.09.2023- TIA Elevates Industry Education with Three New Courses
- 21.09.2023- TIA Announces Recipients of its 2023 Policy Forum Scholarships
2023
- 02.03.2022- TIA Gives Full Support to C-TPAT Pilot Program Act
- 21.01.2022- Biden Administration Enforces Cross-Border Vaccine Mandate
- 10.01.2022- TIA Staff Reaches 100% Completion Rate on Human Trafficking Certification Program
- 10.03.2022- TIA’s Chris Burroughs Named UCR Board Subcommittee Chairman
- 07.04.2022- Women In Trucking Association Names Nicole Glenn the 2022 Distinguished Woman in Logistics
- 27.05.2022- C-TPAT Pilot Program Act Passes in the Senate
- 02.09.2022- TIA Announces Launch of New Brand Reflecting Changes in Supply Chain, Logistics Industry and Membership
- 06.11.2022- Registration Now Open for TIA’s Premier Annual Conference: 2023 Capital Ideas Conference
- 08.11.2022- TIA and UTC Center for Professional Education Join Forces to Offer Local Freight Broker Professional Program
- 16.11.2022- FMCSA Releases Anticipated Guidance on Dispatch Services
- 06.12.2022- TIA Institute for Research & Education Launches New Hybrid Executive Leadership Development Program
2022
- 26.08.2021- TIA Awards 29 Logistics Professionals Coveted Certified Transportation Broker Designation
- 26.08.2021- Transportation Intermediaries Association Announces Latest Integration with TIA Watchdog Carrier Vetting Platform
- 20.08.2021- Health & Safety Protocols at TIA Meetings & Events
- 10.08.2021- TIA Statement on Passage of Bipartisan Infrastructure Package
- 22.07.2021- TIA Releases Updated Co-Broker Model Contract
- 16.07.2021- TIA Applauds New C-TPAT Legislation
- 01.06.2021- TIA Celebrates Its Members All Month Long
- 25.05.2021- Pandemic Demands Cause Major Shift in Supply Chain Provider Relationships
- 12.05.2021- TIA Letter of Support MCSSS
- 12.05.2021- TIA Announces $10,000 Donation to Truckers Against Trafficking
- 11.05.2021- TIA Signs DOT Anti-Human Trafficking Pledge
- 11.05.2021- TIA Announces Installation of New Association Leaders at Annual Conference
- 10.05.2021- Congressman Peter DeFazio to Deliver Day One Keynote Address at the TIA 2021 Capital Ideas Conference
- 05.05.2021- TIA Releases Updated Carrier Selection Framework
- 12.02.2021- TIA Welcomes New Additions to Director’s Circle
- 10.02.2021- ADMIRAL WILLIAM H. MCRAVEN, USN (RET.) TO DELIVER CLOSING KEYNOTE ADDRESS AT THE TIA 2021 CAPITAL IDEAS CONFERENCE
- 21.10.2021- TIA Partners with Truckers Against Trafficking to Offer Members Access to Human Trafficking Certification Program
2021
- 23.11.2020- TIA Releases 3rd Quarter Performance Measures for 3PL Industry
- 29.10.2020- FMCSA Rate Transparency Listening Session
- 28.10.2020- TIA Comments on Department of Labor Worker Classification Proposal
- 30.09.2020- TIA Announces Initial Round of Q3 2020 CTB Graduates
- 24.08.2020- TIA CELEBRATES MEMBER MILESTONES
- 13.08.2020- TIA Releases 2nd Quarter Performance Measures for 3PL Industry
- 27.07.2020- TIA Awards 31 Logistics Professionals Coveted Professional Designation
- 20.07.2020- TIA Announces National Apprenticeship Program Supported by FASTPORT
- 07.07.2020- TIA ANNOUNCES LAUNCH OF NEW LOGISTICS ACADEMY
- 02.07.2020- TIA ISSUES STATEMENT ON THE INTRODUCTION OF MOTOR CARRIER SAFETY SELECTION STANDARD ACT
- 22.06.2020- Important Update: TIA Capital Ideas Conference
- 12.06.2020- TIA Welcomes New Interim CEO
- 10.06.2020- TIA Says Farewell to CEO & Industry Leader
- 02.06.2020- TIA Celebrates Its Members All Month Long
- 18.05.2020- TIA Releases 1st Quarter Performance Measures for 3PL Industry
- 15.05.2020- TIA Releases Resource for Reopening Procedures
- 08.05.2020- TIA ISSUES STATEMENT IN RESPONSE TO PRESIDENT TRUMP’S STATEMENT ON PRICE-GOUGING BY BROKERS
- 30.04.2020- TIA Releases New Shipper Resource
- 16.04.2020- TIA Letter for Additional PPP Funding
- 15.04.2020- TIA Awards 34 Logistics Professionals Coveted Professional Designation
- 07.04.2020- TIA Releases Updated Framework to Combat Fraud
- 01.04.2020- TIA Issues Statement on SBA 7(A) Forgivable Loans Under the Paycheck Protection Program
- 27.03.2020- TIA Issues Statement on Final Passage of The “CARES Act”
- 26.03.2020- TIA Releases Contracts Considerations Resource for Shippers and 3PLs
- 23.03.2020- TIA STATEMENT ON FAILED CLOTURED VOTE OF THE “CARES” ACT
- 18.03.2020- TIA ISSUES FAMILIES FIRST CORONAVIRUS RESPONSE ACT FACT SHEET
- 16.03.2020- DOT Declares National Emergency for CMV Delivering Relief in Response to Coronavirus Outbreak
- 12.03.2020- COVID-19 Update from TIA President & CEO
- 31.01.2020- TIA AWARDS 39 LOGISTICS PROFESSIONALS COVETED DESIGNATION
- 09.01.2020- CALIFORNIA JUDGE RULES AB5 VIOLATES F4A
- 16.10.2020- TIA Announces Appointment of New President & CEO
2020
- 05.12.2019- ADMIRAL WILLIAM H. MCRAVEN, USN (RET.) TO KEYNOTE TIA 2020 CAPITAL IDEAS CONFERENCE & EXHIBITION
- 03.12.2019- TIA 2020 Capital Ideas Conference & Exhibition Named “Top 50 Logistics Conferences to Attend in 2020”
- 27.11.2019- Lobster Heist: Recent Court Ruling on Broker Cargo Liability – What You Need to Know
- 20.11.2019- Transportation Intermediaries Association Urges Senate to Fix Stretch IRA Provisions in SECURE Act
- 23.01.2019- Transportation Intermediaries Association (TIA) Enhances HQ Staff to Advance Member Growth
- 28.10.2019- Registration Open for TIA’s 2020 Capital Ideas Conference & Exhibition
- 12.11.2019- Sold Out 3PL Technovations Conference Opens Today
- 26.11.2019- 3rd Quarter Performance Measures for 3PL Industry
2019
- 06.06.2018- TIA Presents 3PL Congressional Leadership Awards
- 07.05.2018- TIA President and CEO Robert Voltmann Joins U.S. Chamber of Commerce’s Association Committee of 100
- 10.04.2018- 3PL Industry Releases 2018 Freight Visibility Report
- 10.04.2018- TIA Honors Logistics Industry Leaders
- 30.03.2018- Fourth Quarter Performance Measures Improve For 3PLs Under $16 Million
- 28.02.2018- TIA 2018 Conference Scholarship Recipients Announced
2018
- 28.11.2016- Varied Results in 3PL Activity in Third Quarter 2016
- 10.11.2016- MacroPoint Selected for TIA Directors Circle
- 26.09.2016- Transportation Intermediaries Association mirrors 3PL industry’s large growth with promotions
- 19.09.2016- Jeff Mason Appointed Chief of Staff for Transportation Intermediaries Association
- 24.08.2016- Leslie Kranz Appointed Director of Marketing and Communications for Transportation Intermediaries Association
- 22.08.2016- Across-the-board Growth in 3PL Truckload Activity in Second Quarter 2016
- 08.08.2016- Arranging Freight in Canada Simplified by TIA and CIFFA
- 21.06.2016- First Quarter 2016 3PL Benchmarking Report Shows a Margin Increase to Balance a Loss in Volume
- 23.03.2016- TIA Certified Transportation Brokers Program Surpasses 2100 Certifications with 54 Professionals Receiving Designation
- 29.02.2016- Fourth Quarter 3PL Benchmarking Report Shows Volume Growth for 3PLs with a Revenue Decrease In Annual Comparison
- 24.02.2016- TIA at the Pentagon Signs to Support the Employers of the Guard and Reserve