Serving North Carolina's Automobile Dealers since 1935
What We Do
The North Carolina Automobile Dealers Association (NCADA) is a trade association representing North Carolina's franchised automobile, truck and RV dealers. Formed in 1935, today's NCADA actively represents nearly 600 new car, truck and motorized RV dealers. The association is dedicated to providing the highest quality service in education, insurance, and dealer promotion for North Carolina dealers. Our mission is "to use our collective power to proactively preserve, protect and enhance the economic life, relationships and image of our members and the association itself.
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COVID-19 – General Update
SBA Issues Additional Interim Final Rule on Affiliations The U.S. Small Business Administration issued an additional interim final rule on the application of the SBA's affiliation rules to loan applications under the Paycheck Protection Program (PPP). The new interim final rule, issued April 3, 2020, supplements the interim final rule issued on April 2, 2020, which provides general guidance on the PPP. ...
Read More COVID-19 – General Update
April 3, 2020 SBA Issues Interim Final Rule On PPP Last night, the U.S. Small Business Administration issued an Interim Final Rule providing guidance on key provisions and the operation of the Paycheck Protection Program under the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. The Interim Final Rule becomes effective immediately. The IFR offers guidance on and outlines the key ...
Read More A Letter From NCADA President Robert Glaser
Dear NCADA members: Just a short three weeks ago, we were worried about Duke vs. UNC as a possible matchup in the ACC tournament in Greensboro. Times have certainly changed and for the first time in 25 years, I thought it best to send a note to all NCADA members, leaders and managers discussing the concerns and opportunities that have presented themselves at ...
Read More Employee Retention Credit
The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50 percent of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. "We encourage businesses to take full advantage of the Employee Retention Credit ...
Read More Paycheck Protection Program
The small business Paycheck Protection Program begins accepting applications this Friday, April 3, 2020. The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent and utilities. Fully Forgiven Loans - Funds are provided in the form of loans that will be fully forgiven ...
Read More Reminder – FFCRA Becomes Effective Today, April 1, 2020
The federal Families First Coronavirus Response Act (FFCRA) becomes effective today, April 1, 2020, and requires employers with less than 500 employees to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. REMINDER - As part of the Families First Coronavirus ...
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