As construction projects around the country begin to reopen after COVID-19 shutdowns, contractors are returning to work. Whether because of reduced customer demand or government mandate, many have endured months of inactivity and the lack of revenue to go along with it.
A popular source of financial relief for the construction industry has been Paycheck Protection Program (PPP) loans, authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress to reduce the negative economic effects imposed by the novel coronavirus.
