If you'd like to help our cause, please consider donating. Where can I apply? Businesses that were due to receive corporate alternative minimum tax (AMT) credits at the end of 2021 can instead claim a refund now in order to improve cash flow during the COVID-19 emergency. Â They just can’t leave the truck on the side of the road. Current economic uncertainty makes the loan necessary to support your ongoing operations. All calls to and from Roadmaster Drivers School or its affiliates may be monitored or recorded for quality assurance and compliance purposes. Operation Roger helps transport lost pets and those saved from shelters who are on their way to their forever homes. One thing most American workers don’t have to worry about is how they will reach their loved ones during a period of need? If you are a seasonal or new business, you will use different applicable time periods for your calculation. You should consult with your local lender as to whether it is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. Named after the patron saint of travelers, the St. Christopher Truckers Relief Fund (SCF) raises money for truck drivers who suffer health problems leading to financial hardship. CALL TOLL FREE (800) 332-7364 Facebook This provision allows businesses to increase near-term liquidity with a reduced cost of capitalÂ so they are able to continue operations and keep employees on payroll. Wages taken into account are not limited to cash payments andÂ include a portion of the cost of employer provided health care.Â. Particularly for people living in rural or remote areas of Australia, specialist cancer care may not be available locally, requiring people to travel long distances for treatment. A good school will try to help you get government grants to help with your tuition. The CARES Act created new and expanded existing federal loan programs tailored to small businesses: The CARES Act established theÂ Paycheck Protection Program to provide eight weeks of cash-flow assistance in 100% federally guaranteed loans to maintain payroll. You acknowledge that the lender will calculate the eligible loan amount using the tax documents you submitted. Going back to school for continued education is an investment you make in yourself, and we understand that not everyone has the funds upfront to cover the entire cost of professional education. The pets ride along with the truck driver to their destination. You can get your CDL in as little as 3 weeks and start making good money as a professional truck driver. These are just a few of the many charitable organizations involved in the trucking industry. The SBA guidance provides a safe harbor for certain businesses to repay their loans by May 7, 2020, to allow them to be deemed to have made their financial need certification in good faith. Help for help. Qualifying wages are based on the average number of a business's employees in 2019: The Treasury Department has more information, including on how to receive the credit, here. St. Christopher Truckers Development and Relief Fund. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Yuma Truck Driving School understands that not everyone can afford to pay for the cost of school up front. The CARES Act allows taxpayers to immediately expense the costs of certain improvements to the interior of nonresidential property. Getting financial aid to help you cover your CDL training costs is a great option for those in need of financial assistance. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. To find out how to apply for financial assistance, go to “COVID-19 Resources” in your app, or to the Help section in your app, then tap “Safety and security.” We’ll aim to process your request within 7 business days. The organization helps supply hot meals to truck drivers, who are often in search of home-cooked meals. As has been noted numerous times before, the lifestyle of the truck driver is not for everyone. In addition to providing support to a local organization and by extension members of your local community, the positive publicity it garners can be beneficial when it comes to hiring. Federal Pell Grants, state grants, veterans benefits, the Workforce Investment Act, and financial assistance from a company-sponsored CDL training program are all wonderful ways to get financial aid for truck driving school. 950 North Glebe Road, Suite 210 Loans can be for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount. Once glamorized in movies and television shows, few kids now grow up wanting to be a truck driver, and that is contributing to the lack of drivers in the industry. Brian, you missed the Women In Trucking Scholarship Foundation. The group can help provide transportation and lodging during critical times and has a hotline staffed 24/7/365. You can download the application form here. Â © Copyright 2021, All Rights Reserved, FreightWaves, Inc, Helping out a trucker: 5 charities worth considering, Podcasts: FreightWaves FreightCasts Network, The Forum at FreightWaves LIVE (Fall 2019), https://www.facebook.com/MealsFor18Wheels/, CFI’s Truckload of Treasures Holiday Giving Campaign raises over $40,000, TriumphPay’s Select Carrier program eliminates app fatigue, drives QuickPay adoption, FreightWaves replaying FreightTech Venture Summit, LIVE @HOME, Digital freight matching, quick payments focus of industry innovations (with video), Trinity manages growth by focusing on relationships (with video), Disruption, technology and more to highlight FreightWaves LIVE @HOME. Specifically, only the State lead agency (as designated by the Governor) is eligible to … If you are interested in helping out truckers, here are five charities most commonly mentioned in online forums and searches that work to assist truck drivers and their families in times of need. Try to find a school that is reputable and also one that has a good financial aid office. You do not have to be a trucker to benefit from Trucker Charity, you just need to work in the industry. The employer's business is fully or partially suspended by government order due to COVID-19 during the calendar quarter. Diesel Driving School provides financial assistance for individuals that qualify for Class-A Commercial Drivers Licenses (CDL) truck driver training courses. Loan forgiveness will be provided for the sum of documented payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities. Various lending programs are availableÂ depending on size of the business: Other provisions, like the Employee Retention Tax Credit and Deferred Employer Payroll Taxes, are available to eligible employers regardless of size. Knowingly making a false statement to get a loan under this program is punishable by law. To learn more about these options, scroll down or click here. Starting Pay Averaging Up To $45,000 Per Year – First year Truck Drivers average up to $45,000 their first year. This new law provides employers with a rangeÂ of federal loan and financial assistance options, backed by the Small Business Administration and U.S. Treasury Department, to help maintain payrolls and cover other operating expenses during this national emergency. Insurance premiums and other group healthcare benefits during periods of paid sick, medical, or family leave; Interest on debt obligations that were incurred before the covered period. What do I need to certify? Plus, you can make up to $500 per week while you train! The rate is 1%.Â Meals for 18 Wheels came together in 2013 in time for the holidays. Our Story. The group helps reconnect pets with their owners with the assistance of truck drivers. Truck Driver Career Benefits. Www.womenintruckingfoundation.org, Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. With any luck, the company and their new employee will be a good match and they can end up with an employee who is with them for years. * That means you can expect to make up to $850 weekly or $1700 bi-weekly as a Class A CDL Licensed Truck Driver! Borrowers must, until September 30, 2020, maintain their employment levels as of March 24, 2020, to the extent practicable, and retain no less than 90% of their employees as of that date. There is also a possible tax deduction to consider, but you should consult with your tax provider to ensure the donation qualifies. This initiative is designed to Encourage Non-EI eligible apprentices to participate and complete their in-school training and will provide up to $1500 of taxable financial supports for apprentices who are not eligible for federal Employment Insurance (EI) who attend full time in-school training at a Delivery Agency approved by the Ministry of Training Colleges and Universities. Meals for 18 Wheels can be found on Facebook at https://www.facebook.com/MealsFor18Wheels/. To donate, participate or learn more about Operation Roger, visit www.operationroger.rescuegroups.org. Some are 501(c)(3) charities while others are not and may not be non-profits, so thoroughly check out any charity you are interested in donating to before you do so. The organization also provides assistance with food and emergency housing for truckers that become stranded due to disaster or inclement weather and operates a food pantry for truckers at exit 68 along I-70 in Brownstown, IL. When your child or spouse is rushed to the hospital, most workers just leave work and head to the hospital. Getting help from the federal government for truck-driving schools isn't always easy. St. Christopher Fund was created to help truck drivers and their families who have financial needs due to a current medical problem and these types of programs fit within the scope of the mission. You have not and will not receive another loan under this program. The St. Christopher Truckers Development and Relief Fund (SCF) is a christian-based, 501 (c) (3), truck driver charity that helps drivers whose medical problems have led to financial hardship. Financial assistance plans and packages are available to veterans who have served in any branch of the military. The interest rate is 3.75% for small businesses and payments are deferred for one year, Businesses applying for COVID-19 disaster loans can receive expedited access to capital with an Emergency Economic Injury Grant âa $10,000 advance within three days of applying for an EIDL.Â The advance does not need to be repaid under any circumstanceÂ and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptionsÂ or pay business obligations, including debts, rent and mortgage payments.Â. Will SBA allow companies to return loans without penalty if they find liquidity elsewhere in the market? Truck Driver Program Financial Aid Info. Later this year, TruckersFinalMile.org is hoping to launch a $1,000 assistance program to help families of fallen truck drivers offset certain expenses and a separate 24-hour grief counseling service. The CARES Act temporarily removes the 80% limitation, reinstating it for tax years beginning after 2020.Â, ATA Headquarters You do not have to agree to receive such calls or messages as a condition of receiving any services from Roadmaster Drivers School or its Affiliates. This is a true weak spot for truckers who face multiple obstacles in maintaining regular doctors visits. A search of “trucking” on CharityNavigator.org pulls up more than 250 such organizations. In-House financing may be available to qualified students directly through United States Truck Driving School. When do I need to start paying interest on my loan? A mobility program to help truck drivers facing mobility and accessibility needs retrofit their homes. The CARES Act created the Employee Retention CreditÂ to encourage businesses to keep employees on payroll. Students can get started with very little up-front costs, and a 2-month deferred re-payment plan! Remember also that charitable donations provide value to businesses, especially small businesses such as trucking firms. Consult your tax advisor on how this may apply to your business. What prevents most people from seeking a new career? Ways to get financial assistance for truck driving schools and trade schools with CDL training include the Workforce Investment Act or “W.I.A.”, Student Loans and Tuition Reimbursement. You will provide to the lender documentation that verifies the number of full-time equivalent employees on payroll and the dollar amounts of payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities for the eight weeks after getting this loan. Become a Sponsor Here are some helpful tips! Financial support for travel. The organization has helped over 2,200 truckers and provides free vaccines, stop smoking programs, financial assistance and links to resources to help with overall health and wellness. The SCF helps semi-truck drivers and their families who have financial needs due to current medical problems. The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law on March 27, 2020, is the largest economic recovery package passed by Congress in American history. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. For truck drivers, that is not an option. *More information on SBA employer-size standards and program eligibility below. The funds will be used to retain workers and maintain payroll or to make mortgage, lease, and utility payments. Arlington, VA 22203-4181, ATA Capitol Hill Office PPP loans can be used to cover costs of: Recipients who do not apply for forgiveness or are not entitled to total loan forgiveness shall have 10 months from the program's expiration to begin making payments. The CARES Act allocates $454 billion to the U.S. Treasuryâs Exchange Stabilization fund for this purpose. Financial Aid For Truck Driver Training Ways to get financial aid assistance for truck driving school include the Workforce Investment Act, student loans, scholarships, tuition reimbursement, and company-paid training. Once the employer's gross receipts go above 80% of a comparable quarter in 2019, they no longer qualify after the end of that quarter. All the information you provided in your application and in all supporting documents and forms is true and accurate. The group offers assistance under the following scenarios: Any of these occurring to a family member of a truck driver at home. Trucker Charity offers a variety of services to those in the trucking industry, including life coaches and mentoring with one-on-one assistance. PPP loans are available to independent contractors, small- and mid-size fleets that: 60% of the loan amount must be spent on payroll costs to achieve full loan forgiveness. Re-Hiring: You have until June 30, 2020 to restore your full-time employment and salary levels for any changes made between February 15, 2020 and April 26, 2020. interest on mortgage obligations, incurred before February 15, 2020; Rent, under lease agreements in force before February 15, 2020; and. Drivers can pick up 3 days’ worth of food at the pantry. Before you apply, please carefully review all the requirements listed in the site linked above. Consult your tax advisor on how this may apply to your business. Have a maximum tangible net worth of $15M or less and average net income of $5M or less for the most recent two fiscal years. Â You can apply through any existing SBA lender or through any federally insured depository institution, federally insured credit union or Farm Credit System institution participating in the program. The provision requires the deferred employment tax (6.2% of an employee's salary) be paid over the following two years, with half the amount required to be paid by December 31, 2021, and the other half by December 31, 2022.Â. As an ACCSC accredited institution, NTTS is eligible to participate in the following student financial assistance programs: Federal Pell Grant and the Federal Direct Student and PLUS Loan programs for undergraduate students and their parents. In some cases, that cost can be financially crippling, yet in many other cases, the cost becomes an investment that you can quickly recoup. Â You can find the loan forgiveness application here.Â. Brian Straight covers general transportation news and leads the editorial team as Managing Editor. Fourteen-hour work days take their toll on anybody, and truck drivers are no different. Qualify as a small business concern under existing Small Business Act criteria (which, in the trucking industry, typically means average annual receipts of $30M or less); or Have a maximum tangible net worth of $15M or less and average net income of $5M or less for the most recent two fiscal years. Salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee), Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit, State and local taxes assessed on compensation, For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee. The organization is funded by donations. Learn more about Student Loans or our USTDS in-House Financing Qualifying for Financial Assistance is subject to the requirements of each individual funding source. With the enactment of the Paycheck Protection Program Flexibility Act on June 5, 2020, the deadline to rehire workers to Dec. 31 to qualify for loan forgiveness. These programs serve active duty service members, reserve members, veterans, and their spouses. Payroll costs will be capped at $100,000 annualized for each employee. Â The application is available here. You should use the proceeds from these loans on your: What counts as payroll costs? Under the CARES Act, net operating losses arising in tax years beginning after December 31, 2017, and before January 1, 2020 (e.g., NOLs incurred in 2018, 2019, or 2020 by a calendar-year taxpayer) may be carried back to each of the five tax years preceding the tax year of such loss. 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