News and current information for our surety bond clients.
Clark Construction is now accepting applications for its 2021-22 Strategic Partnership Program. The program is a central element of Clark’s effort to support small businesses on a national scale to foster both the technical and professional development that small contractors need to realize their business objectives and confidently compete for new construction opportunities. Click to learn more about Clark Construction’s …
By Pullman & Comley, LLC for JDSUPRA Now that the day of reckoning has come – SBA has opened the portal and some banks are beginning to process and submit completed PPP forgiveness applications – what can you do to try to make the process easier for your lender and therefore easier for you to achieve forgiveness? Read more here>>>
The Small Business Administration has received more than 96,000 Paycheck Protection Program loan forgiveness applications but has approved none, according to the agency’s chief of staff. Read More
By Joshua Etemadi, Assistant Vice President Did you know that working capital is one of the primary factors in determining your bond program The majority of bonding companies rely heavily on working capital to determine your bonding program. Working capital is taken from your balance sheet, and simply put, it’s comprised of cash, accounts receivables, and underbillings – less your …
The U.S. Small Business Administration, in consultation with the Treasury Department, announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. Tell me more >>>
Reminder – the Paycheck Protection Program (PPP) ends today (June 30). At 11:59 pm ET, SBA Capital Access Financial Systems will no longer accept applications from participating PPP lenders. Connect with a lender. Learn more about PPP.
Today, the U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness …
Living our Core Values as an Agency has never been more important. Facing the challenges of coronavirus, we joined together to seek balance in our personal and professional lives, took ownership of our health and responsibility for protecting our clients and families. But now, the horrible death of George Floyd focuses our attention on the bias that exists in our …
Democrat Rep. Peter DeFazio of Oregon, chair of the U.S. House Transportation and Infrastructure Committee, introduced a $494 billion transportation bill Wednesday that would see investments in critical road, bridge, rail, mass transit and resiliency projects. Tell me more >>>
Peter Gibbs, Director, Office of Surety Guarantees, Office of Capital Access, U.S. Small Business Administration (SBA), shares insights into the SBA’s bonding assistance program and how they are helping contractors. Listen to the history of the program, news of updates and outlines to both Plan A and Plan B programs. #construction #SBA #Small Business #Surety Hosted by Kat Shamapande, Director, …
