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Construction Industry Has Received $64.6 Billion in PPP Loans
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Construction Industry Has Received $64.6 Billion in PPP Loans
By Vincent Salandro

Over 460,000 firms across the nation received loans as part of the federal program. More

Tags: Loans, Small Business Owners, Small Business Administration, Covid-19
Paycheck Protection Program Flexibility Act Signed Into Law
Posted on
Paycheck Protection Program Flexibility Act Signed Into Law
By Vincent Salandro

President Donald Trump signed the legislation into law shortly after it was... More

Tags: NLBMDA, Small Business Owners, Legislation, National Lumber and Building Material Dealers Association, Covid-19
House Passes Paycheck Protection Program Flexibility Act
Posted on
House Passes Paycheck Protection Program Flexibility Act
By Vincent Salandro

The act changes the program sunset date from June 20 to December 31 and allows... More

Tags: Small Business Owners, Legislation, Covid-19
SBA and Department of the Treasury Release PPP Loan Forgiveness Application
Posted on
SBA and Department of the Treasury Release PPP Loan Forgiveness Application
By Vincent Salandro

The form advises borrowers on how to apply for forgiveness of their PPP loans... More

Tags: Business, Loans, U.S. Department of the Treasury, Small Business Owners, Small Business Administration
IRS Denies Tax Deductions for Wages and Rent Paid With Forgivable PPP Loans
Posted on
IRS Denies Tax Deductions for Wages and Rent Paid With Forgivable PPP Loans
By Vincent Salandro

Congress could reverse the IRS’s denial of tax deductions. More

Tags: Loans, Small Business Owners, Internal Revenue Service, Covid-19
SBA Extends Safe Harbor Deadline to Repay PPP Loans
Posted on
SBA Extends Safe Harbor Deadline to Repay PPP Loans

The safe harbor deadline has been shifted from May 7 to May 14. More

Tags: Loans, U.S. Department of the Treasury, Small Business Owners, Associated General Contractors of America, Small Business Administration
SBA Begins Accepting Paycheck Protection Program Loans Again
Posted on
SBA Begins Accepting Paycheck Protection Program Loans Again
By Vincent Salandro

The Small Business Administration is not accepting new applications for Economic... More

Tags: Associated Builders and Contractors, Inc., Loans, Small Business Owners, Associated General Contractors of America, Small Business Administration
President Trump Signs Additional Coronavirus Relief Bill
Posted on
President Trump Signs Additional Coronavirus Relief Bill
By Vincent Salandro

Legislation includes additional $310 billion for the Paycheck Protection Program. More

Tags: Finance, Business, Loans, Grants, U.S. Senate
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