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.
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for 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
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 …
House Democrats Introduce $494B Transportation Bill
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 >>>
A Closer Look at the SBA’s Bonding Guarantee Program
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, …
Small Business Administration Provides Welcome Guidance on PPP Loan Certification
On May 13, 2020, the U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, provided the following critical guidance on the good-faith certification requirement for Payroll Protection Program (PPP) borrowers…. Read the requirements >>>
New Virginia Construction Statute
General Contractors Can Be Liable to Pay Subcontractor’s Employee Wages Last month, Virginia’s General Assembly enacted a new law that makes contractors on large construction projects liable for unpaid wages owed to their subcontractors’ employees. Senate Bill 836, codified at Virginia Code – 11-4.6 and – 40.1-29 has four major effects. To read the article>>>
CBI Hosts Bonding 101 Zoom Meeting
Join Edin Zukanovic, bond agent at Construction Bonds, Inc. (CBI) on Wednesday, April 29th at 10:00 am for a Zoom meeting on Bonding 101 with the City of Hampton. Click to register. #SBABonds #CBI #NASBP Joshua Etemadi Nebiyou (Neb) Aynu
D.C. Hires Contractor To Convert Convention Center to Healthcare Facility
The main convention center in the nation’s capital will soon undergo a construction project to turn it into a healthcare facility to treat coronavirus patients. Mayor Muriel Bowser’s administration Monday announced it issued a design-build contract to Hensel Phelps Construction Co. to convert the Walter E. Washington Convention Center’s three halls into a facility to treat patients who do not require intensive care. Read the …
COVID-19 and Construction: ENR Regional Updates
Engineering News-Record (ENR) has compiled the current status of which U.S. states have either issued a shelter-in-place order for the general population, and whether or not construction activities are allowed to proceed at this time. Click to see the state-by-sate coronavirus construction status updates.