Below you'll find a list of all posts from July, 2021
By Scott Tracy of CliftonLarsonAllen for NASBP.org Key insights: The SBA has dropped its loan necessity questionnaire requirement (Forms 3509 and 3510). Borrowers still need support for certifications related to the necessity of the PPP loan request. The SBA has up to six years from date of forgiveness to review the loan. The loan necessity questionnaire can provide guidance when …
By Jamie Collum and Andrew Cartwright for Canada.ConstructConnect.com The last edition of Surety Corner introduced the topic of bond limits, what might be holding back a contractor’s growth and the general areas of focus to ensure you are maximizing your bonding limits. The example we had used was contractor XYZ who had $500,000 in working capital, which translated to a …
By Christopher Horton, Partner, Smith, Currie & Hancock LLP for SolarPowerWorldOnlin.com The federal government is the largest energy purchaser in the United States, with an annual electricity bill for the fiscal year 2019 of almost $4 billion. As a result, President Biden’s administration is aggressively pursuing 100% clean energy and net-zero emissions by 2050. In fiscal year 2020, federal agencies …
By Jeff Drew for JournalOfAccountancy.com The Associated General Contractors of America (AGC) said that the U.S. Small Business Administration (SBA) is in the process of removing the requirement that Paycheck Protection Program (PPP) borrowers submit a Loan Necessity Questionnaire when applying for forgiveness on loans of $2 million or more. A lender notice from an SBA district office also indicates …
