COVID-19 Resource Center Old

COVID-19 Resource Center

The COVID-19 situation continues to change on a daily basis on a state, national and international level. We understand that COVID-19 has affected many of our contractor and distributor partners – in response, we compiled the following resources to help you work through these challenges. We will periodically update this page with additional information that is of importance to you, your business and the industry.

We understand that many of our Pros are small business owners and may be experiencing financial difficulties due to the shutdown and social distancing caused by COVID-19. As the backbone of our country and our corporation, we want to show our support of our Pros as they continue to protect public health by specifying and installing hot water systems for critical facilities, essential businesses and America when we need it most. Below is business loan relief information we have compiled to help lessen the burden of the COVID-19 financial impacts.

Financial Business Loan Relief Information

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed on March 27, 2020 and is intended to address the economic fallout caused by the COVID-19 outbreak. The bill includes the Paycheck Protection Program (PPP) and expansion of the existing Economic Injury Disaster Loans (EIDL) program.

Below is a quick summary of the two programs. You can view more information as well as Bradford White’s statement on the programs here.

Loan ProgramLoan DetailsWebsite
Economic Injury Disaster Loan (EIDL)
  • Program Period – through December 31,2020
  • Loan Amount – $2 million maximum loan size
  • Eligible Expenses – payroll, benefits, fixed debts, accounts payable and other bills
Paycheck Protection Program Loan (PPPL)
  • On July 3rd, President Trump signed S.4116 which extends the PPP through August 8th.
  • Loan Amount – $10 million maximum loan size
  • Eligible Expenses – payroll, benefits, interest on mortgage obligations, rent under lease agreements and utilities (all before Feb. 15, 2020)

Loan Forgiveness Application

Other Resources

As a Strategic Partner of the Plumbing Heating Cooling Contractors Association (PHCC), we understand and support the value they bring to the industry and professional plumbing and HVAC contractors across the nation. PHCC has an excellent COVID-19 Resource Center we encourage you to visit.

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