You can get your CDL in as little as 3 weeks and start making good money as a professional truck driver. Students can get started with very little up-front costs, and a 2-month deferred re-payment plan! What do I need to certify? 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 group is always looking for drivers to participate, as the need to connect pets with their owners is great. The group helps reconnect pets with their owners with the assistance of truck drivers. CALL TOLL FREE (800) 332-7364 Facebook The group can help provide transportation and lodging during critical times and has a hotline staffed 24/7/365. Arlington, VA 22203-4181, ATA Capitol Hill Office 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. Â The application is available here. If you know of a charitable organization dedicated to the industry you would like to suggest, send it to us at firstname.lastname@example.org and we may do a follow-up. Pay scale, time away from home, and other reasons contribute as well, but the ultimate point is that truck drivers are often alone and away from home for days or even weeks at a time. Fourteen-hour work days take their toll on anybody, and truck drivers are no different. 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. Meals for 18 Wheels’ Facebook page posts messages of drivers in need of a hot meal and community members have the chance to help out by messaging the page for more information and how to deliver that meal. 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. Â The organization is funded by donations. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. The remaining 40% may be used on other eligible expenses.Â, Borrowers are eligible for partial loan forgiveness subject to certain conditions. The CARES Act allocates $454 billion to the U.S. Treasuryâs Exchange Stabilization fund for this purpose. The CARES Act expands EIDL eligibility to include businesses fromÂ all 50 states, the District of Columbia and U.S. territories thatÂ have suffered economic harm from COVID-19.Â, EIDLs offer up to $2 million in assistance andÂ may be used to pay fixed debts, payroll, accounts payable and other bills that canât be paid because of the disasterâs impact. The employer's business is fully or partially suspended by government order due to COVID-19 during the calendar quarter. 430 First Street, SE, Suite 100 More commonly known just as St. Christopher, this charity is perhaps the most well-known within the industry. Washington, DC 20003, COVID-19: Financial Assistance for Businesses, Agricultural and Food Transporters Conference, 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. Â Financial assistance may be available for those who qualify, and many trucking companies will even reimburse the cost of training. One thing most American workers don’t have to worry about is how they will reach their loved ones during a period of need? Financial assistance plans and packages are available to veterans who have served in any branch of the military. ATA's National Accounting Finance Council produced this guide to assist with the PPP application process. Loan forgiveness will be provided for the sum of documented payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities. You acknowledge that the lender will calculate the eligible loan amount using the tax documents you submitted. All the information you provided in your application and in all supporting documents and forms is true and accurate. Â In general, people tend to want to work for organizations that give back, making it easier to find good, qualified employees. The rate is 1%.Â You can download the application form here. © 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. Getting help from the federal government for truck-driving schools isn't always easy. Â 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. As part of your application, you need to certify in good faith that: Has there been any indication of what a business should do if they are approaching or contemplating bankruptcy and wanting to apply for PPP? The SCF also conducts health research to benefit truck drivers and the trucking industry. 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. Here are some helpful tips! The portion of the loan usedÂ during the eight-week period can be forgiven if the employer maintains its number of full-time equivalent employees.Â Forgiveness of the loan is reduced in proportion to any reduction in FTEs, or if compensation to employees is decreased by more than 25% as compared to a look-back period. To learn more or to donate, visit www.truckersfund.org. Trucker Charity offers a variety of services to those in the trucking industry, including life coaches and mentoring with one-on-one assistance. These are just a few of the many charitable organizations involved in the trucking industry. Diesel Driving School provides financial assistance for individuals that qualify for Class-A Commercial Drivers Licenses (CDL) truck driver training courses. ; Job Security – Truck Driver jobs can’t be outsourced. Meals for 18 Wheels came together in 2013 in time for the holidays. 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. Payroll costs include: What is my interest rate? TheÂ full list of requirements stipulated in the CARES Act can be read here. The CARES Act temporarily increases the amount of interest expenses businesses are allowed to deduct on their tax returnsÂ by increasing the 30% limitation (imposed under the Tax Cuts and Jobs Act) to 50% percent of taxable income (with adjustments) for 2019 and 2020. To receive the cash advance, theÂ Emergency Economic Injury Grant can be requested when applying for an EIDL. 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. 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. ... A lot of truckers and professional truck drivers will warn you of the dangers associated with going to a low quality trucking school. Become a Sponsor They may be thousands of miles away from home and hauling a time-sensitive load of goods. In fact, there are several charities that are designed to help truck drivers navigate difficult times in their lives. 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. When do I need to start paying interest on my loan? 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. Individual companies may have their own organizations they support, or even run their own local charity. How large can my loan be? 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. 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. Military veterans have other options too. 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. Brian, you missed the Women In Trucking Scholarship Foundation. Plus, you can make up to $500 per week while you train! Number of Staff: Your loan forgiveness will be reduced if you decrease your full-time employee headcount. St. Christopher Truckers Development and Relief Fund. This is intended to "ensure that borrowers promptly repay PPP loan funds that the borrower obtained based on a misunderstanding or misapplication of the required certification standard. Among other requirements, firms receiving loans will be prohibited from engaging in stock buybacks for the duration of the loan plus one year. 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. The following provisions in the CARES Act can apply to employers of all sizes. The CARES Act allows employers and self-employed individuals to defer payment of the employer share of the Social Security tax. 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. 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. Visit TruckersFinalMile.org to learn more about the program. To donate, participate or learn more about Operation Roger, visit www.operationroger.rescuegroups.org. Since the enactment of the Tax Cuts and Jobs Act of 2017, NOLs generally could not be carried back but could be carried forward indefinitely. Â Before you apply, please carefully review all the requirements listed in the site linked above. We've partnered with some of the best trucking companies in the nation and have helped thousands of people just like you get into a high quality paid CDL training program. 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. 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. 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 food pantry is run in cooperation with the Association of Christian Trucker’s. Help for help. They just can’t leave the truck on the side of the road. Most of these programs work with the VA to provide quality loan assistance programs to help veteransfind a career in trucking during or after their active military services are over. The funds will be used to retain workers and maintain payroll or to make mortgage, lease, and utility payments. 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. This provision is a technical correction to Tax Cuts & Jobs ActÂ and applies retroactively to property in place after December 31, 2017.Â Taxpayers that have been depreciating qualifying improvements over 39 years may be able to claim refunds of past taxes. Starting Pay Averaging Up To $45,000 Per Year – First year Truck Drivers average up to $45,000 their first year. All calls to and from Roadmaster Drivers School or its affiliates may be monitored or recorded for quality assurance and compliance purposes. Portfolio companies are urged to follow the existing SBA affiliation rules and to be mindful of the financial need certification in the PPP loan application. The organization helps supply hot meals to truck drivers, who are often in search of home-cooked meals. To learn more … The CARES Act allows taxpayers to immediately expense the costs of certain improvements to the interior of nonresidential property. Military veterans also have their own options to consider. In-House financing may be available to qualified students directly through United States Truck Driving School. A search of “trucking” on CharityNavigator.org pulls up more than 250 such organizations. What can I use these loans for? A mobility program to help truck drivers facing mobility and accessibility needs retrofit their homes. You will owe money when your loan is due if you use the loan amount for anything other than payroll costs, mortgage interest, rent, and utilities payments over the 8 weeks after getting the loan.Â You will also owe money if you do not maintain your staff and payroll. 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. Financial Aid Programs Options for Financial Aid for CDL Training. 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. Your calculation involved in the program each employee pets ride along with the fastest and most comprehensive news and! Charity that helps truckers, per se, but you should use the proceeds these. Your tuition compassionate side of the Social Security tax to find good, qualified employees 3 days worth. Standards and program eligibility below spot for truckers who face multiple obstacles in maintaining regular doctors visits members reserve! Scholarship is based on financial need and desire to work in the industry to employees... This charity is perhaps the most well-known within the industry food to!... 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