Coronavirus and Construction Update: SBA Issues New PPP Guidance After AGC Sues Contractor group also challenged OMB on legality of loan-forgiveness eligibility questionnaire Tom Ichniowski December 9, 2020 One Comment Contractor group challenges legality of loan-forgiveness eligibility questionnaire and process for developing it.Read More
Coronavirus and Construction First Look at Long List of AEC Firms Receiving PPP Loans Tom Ichniowski Scott Blair July 7, 2020 2 Comments Paycheck Protection Program loans are viewed as one factor driving construction's strong employment gain in June.Read More
Coronavirus and Construction Construction's Paycheck Protection Loan Volume Climbs 42% Since April Tom Ichniowski June 22, 2020 No Comments Despite rise in volume, construction's ranking dips to third among industries, from first in mid-April.Read More
Ten Minutes With Holly Drumheller Butler How To Prepare For A Paycheck Protection Program Loan Audit A compliance attorney describes what you should know and do Scott Van Voorhis June 4, 2020 No Comments A compliance attorney outlines things you must explain in using COVID-19 federal loan funds.Read More
Coronavirus and Construction Update: New Directive Eases Path for Smaller Paycheck Protection Loans Treasury-SBA Guideline Applies to PPP Loans Under $2 Million Tom Ichniowski May 13, 2020 No Comments But industry groups say more guidance is needed for forgiveness and loans of $2 million or more.Read More
Coronavirus and Construction New 'Paycheck Protection' Loan Guidelines Worry Contractors Tom Ichniowski May 1, 2020 No Comments AGC CEO cites "severe and urgent" concerns, urges Treasury Secretary to revise new PPP guidance.Read More
Coronavirus and Construction Senate Votes to Add $310B to 'Paycheck Protection' Loans, $75B for Health Care Tom Ichniowski April 21, 2020 No Comments House of Representatives action is the package's next step.Read More
Coronavirus and Construction Update: Construction Tops Industries in Paycheck Protection Loan Volume But SBA says all of the program's funding was exhausted by April 16 Tom Ichniowski April 17, 2020 No Comments Updated figures show construction companies received $44.9 million in PPP loans, more than any other industry.Read More
AGC Slams SBA Rule for Key CARES Act Business Loans Tom Ichniowski April 6, 2020 No Comments AGC says SBA interim regulation places extra requirement on construction firms, contradicting the Treasury interpretation.Read More
Federal Contracts SBA Hikes Size Thresholds for Firms to Qualify as Small Businesses Tom Ichniowski July 24, 2019 No Comments New minimum is up 8% for most construction categories, 10% for engineering services.Read More