Top Five Things Your Bond Agent Isn’t Telling You

Denise Gillin Uncategorized

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 current …

SBA and Treasury Announce Release of PPP Loan Data

Denise Gillin Uncategorized

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 >>>

Paycheck Protection Program Ends Today

Denise Gillin Uncategorized

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

Denise Gillin Uncategorized

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

Denise Gillin Uncategorized

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

Denise Gillin Uncategorized

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

Denise Gillin Uncategorized

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, …

New Virginia Construction Statute

Denise Gillin Uncategorized

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

Denise Gillin Uncategorized

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