Transcapital Funding & COVID-19

As of today the following are important notes to understand. If there are additional questions or needs during the next few weeks again we ask that you contact us through email. We will respond to the current voice messages as we can but as you can imagine the call volume has escalated exponentially and if we are on the phone we are not working on the progress needed to help affected customers.

• TransCapital is open. The steps taken early on to fortify our technology platform enable us all to work wherever and whenever it is needed. With that said if you are in need of additional capital during this time please reach out in the same manner as mentioned above.
• New Applications and the additional information that may be needed can be submitted online and will be administered within 24 hours https://www.transcapfunding.com/apply-now/
• Loan Modifications are being offered – Customers experiencing extreme conditions that are requesting relief from current payments are being addressed in the most fastidious manner possible. If you are one of those affected we ask that you contact us for a contract modification questionnaire and we will help to facilitate that change ASAP. We are working with each customer and partner depending on the current need and timeframe and where warranted amending contracts of current customers.
• If you have an ACH payment that cannot be made before an approved amendment is in place we ask that you contact us immediately and continue to process the loan amendment/modification as mentioned above.
• We have supported the transportation and trucking industries for over two decades working through many crisis’s. We plan to work through this latest disruption as well. We ask that you support your industries, your employees as well and do everything possible to assist each other during this extreme time. We will do our part and this too shall pass.
• We are keeping an eye on the following: https://coronavirus.jhu.edu/ and looking towards nations that are in the latter stages of this crisis to take some direction on how the spread has slowed or stopped and how they begin opening their economies to new business. As we move forward we will keep an eye on any new developments and advise accordingly. We are also following Matt Daus at https://www.windelsmarx.com/practices/covid-19-resources. He has been sharing daily updates as they relate to the transportation industry and has thoughtful and relevant information. Email Matt to be included in the daily email.

We are keeping you in our thoughts and prayers daily and know that US small businesses like you are the backbone of this nation and will continue to be long after this has passed. We will work together to find solutions and support each other during this time until we are prosperous once again.

Want to discuss ways we can help your business further?

Connect with us today by visiting our contact page or calling us at (646) 372-7973.

We also recommend exploring the resources below:

https://www.uschamber.com/co/small-business-coronavirus

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

COVID-19 Legislation

• Paycheck Protection Program Frequently Asked Questions as of 4/10/2020
• Summary of CARES Act| Cost Breakdown of CARES Act | Full Text of CARES Act
• Paycheck Protection Program Overview
• “Treasury and SBA Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds” – U.S. Department of Treasury

Government Resources

• Small Business Administration (SBA) Loan Application
• U.S. Department of Homeland Security (DHS) – Essential Critical Infrastructure Workers During COVID-19 Response
  • Please note: This does NOT carry the force of the law. It is DHS’ guidance to state and local governments who can interpret as they wish. Pay attention to state and local orders.
• {WEBINAR} Economic Relief Resources for LGBT-Owned Businesses During COVID-19
• Summary of CARES Act (The National Law Review)
• Families First Coronavirus Response Act (H.R. 6201)
  • This document provides information on updated emergency paid sick leave and emergency paid family leave.
• The President’s Coronavirus Guidelines for America
• Small Business Administration – Guidance for Businesses & Employers to Plan and Respond to COVID-19
  • Click here to view declared disaster areas and to apply for Disaster Loan Assistance. Please note that not all states/regions are currently listed so check back frequently for updates.
• U.S. Department of Labor Update: New Guidance on Unemployment Insurance Flexibilities

NLA Resources & Actions

• Industry Coalition Letter to Congress
  • Please click here and use the information provided to reach out to your representatives to support the NLA’s legislative efforts for inclusion in federal relief packages.
  • Click here for your legislators’ contact information.
• Industry Coalition Letter to the White House

Video Library

• Vehicle Cleaning Video (Courtesy of David Seelinger and EmpireCLS Worldwide Chauffeured Services)
• COVID-19: Guide of Practical Measures for NLA Operators

• Crisis Response Recommendations from Cornerstone Government Affairs
• {VIDEO} COVID-19 Legislation Review with Robert Alexander, Matt Daus, Louie Perry, & Bill Faeth

Industry Media Placements

• Not faring well: Ground transportation left with little to no customers during COVID-19 outbreak – News 12 Westchester
• Va. Beach Couple Giving Free Rides to Patients and Doctors as Coronavirus Spreads: ‘It’s What We Do’ – People.com
• “Voices From Travel’s Frontlines: ‘Fasten Your Seatbelts'” – New York Times
• “Whiplash: All at once, a steady US economy screeches to a halt” – Associated Press
• “Valhalla Limo Company Battles for Survival” – TheExaminer.com
• “Ground Transportation Suppliers Request Government Relief to Prevent Wipeout'” – Business Travel News
• {VIDEO} “Valley limo, transportation company is here to help with quarantine needs, CEO says” – FOX 10 Phoenix

If you have any further questions, please contact sales@transcapfunding.com.