by Michael Collins A chaotic election is now behind us and Joe Biden is the 46th president of the United States. With Democratic control of both the House and Senate behind him, it is particularly important to understand President Biden’s plans. While not all of his intended programs and policies will be enacted, it is […]

Officials for the Associated General Contractors of America (AGC) claimed responsibility recently for actions taken by the U.S. Small Business Administration (SBA), suggesting that a lawsuit filed against SBA “quickly yielded results.” The association filed a legal complaint in December against SBA and the U.S. Office of Management and Budget (OMB), alleging that the means […]

The Associated General Contractors of America (AGC) submitted a legal complaint this week against the U.S. Small Business Administration (SBA) and the U.S. Office of Management and Budget (OMB). Filed with the United States District Court for the District of Columbia, officials for AGC allege that the means by which SBA developed and deployed a […]

As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES), the Paycheck Protection Program (PPP) offers small businesses opportunities for loan-based assistance to help with the payment of salaries and other business expenses. Implemented by the U.S. Small Business Administration (SBA) and supported by the Department of the Treasury, the program is primarily aimed at […]

The National Lumber and Building Material Dealers Association (NLBMDA) went on record supporting the President Trump’s signing of legislation on Saturday, extending the Paycheck Protection Program (PPP) through August 8, 2020. After news of the extension dropped, the NLBDMA issued the following statement: “NLBMDA applauds Congress and President Trump for ensuring that small businesses will […]

The President signed the Paycheck Protection Program Flexibility Act (PPPFA) into law on June 5, which is geared towards small businesses, including window and door companies, who qualified for the Paycheck Protection Program (PPP). The House passed the PPPFA on May 27, 2020, the Senate followed with a unanimous vote on June 3, 2020. The […]

A recent report in FORBES magazine discussed a situation that a number of business owners have found themselves in, and door and window company owners are no exception. The Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act provides an additional $600 per week in unemployment benefits to workers who have been let go or […]

The Small Business Administration (SBA) and the Treasury Department recently released the Paycheck Protection Program (PPP) Loan forgiveness application along with application instructions. The form and instructions advise borrowers on how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to the administration, it […]

The National Lumber and Building Material Dealers Association (NLBMDA) recently sent a list of priorities important to the lumber and building material (LBM) industry to the White House and Congress as they continue to negotiate a “Phase 4” relief package. “As the Federal Government considers the next of phase of COVID-19 relief legislation, NLBMDA believes […]

The Small Business Administration (SBA) issued updated guidance regarding the Paycheck Protection Program (PPP) late yesterday. The new guidance specifically addresses what has become known as the “safe harbor date,” or the day a company has to voluntarily terminate or repay its PPP loan funds. Initially set for May 7, the Safe Harbor Date has […]