Lack of clarity plagues PPP application process

(April 8, 2020) Problems with the application process for PPP (Paycheck Protection Program) loans to small and medium-sized businesses are prompting the Federal Reserve and the Treasury Department to create a new application mechanism.  Details are expected later this week, reports Today in Payments https://www.pymnts.com/news/2020/today-in-payments-fed-plans-new-facility-smb-ppp-loans-sba-computer-crash-tangles-process/. The initial arrangement, with participating lenders taking applications for loans […]


Working with RCI affiliated resorts during the global coronavirus crisis

RCI is helping resort managers sort out changing mandates and priorities The different communications issued by many governmental authorities over the last several weeks regarding mandatory shutdowns, quarantines, and stay-at-home orders have raised questions about how vacation ownership resorts should proceed with their in-house guests. Many cities, counties, states, and territories have their own way […]


Resorts can borrow under CARES ACT

By W. John Funk, Gallagher, Callahan & Gartrell, P.C., Concord, NH The newly-enacted federal law called the CARES Act provides the following borrowing opportunity for most legacy resorts: Resorts that have fewer than 500 employees are eligible for a Small Business Administration (SBA) guaranteed loan under the Act (“covered loan”). The period covered by the loan is […]


Service animal fraud 

People who try to pass off their pets as service animals continue to be one of the timeshare industry’s biggest headaches, said presenters at the fall 2019 Timeshare Board Members Association meeting in Las Vegas. Lenora Wilson, assistant general manager of The Carriage House Timeshare Association, defined a service animal as “a dog that has […]


Timeshare Board Members Association Announces Orlando 2020 Conference, May 17-19, 2020

Board Members and onsite Resort Managers are invited to attend for free. The TBMA Orlando 2020 Conference, May 17-19, 2020, will mark the 18th conference and TBMA’s leadership position in providing dynamic, interactive forums for education, resources, solutions, and networking for timeshare Board Members, Resort Managers, and vacation ownership industry professionals. Timeshare Owners’ Association Board Members […]