Construction Processes, Financial
February 7, 2023
Via: ENRPhiladelphia’s recently launched water infrastructure revitalization plan is set to receive a $500-million boost in federal funding, including $340 million from a low-cost U.S. Environmental Protection Agency loan, officials announced Feb. 3. The city’s efforts are aimed at replacing miles […]
Construction Processes, Financial
July 13, 2021
Via: Construction DiveIn May 2020, the SBA mandated that businesses that received loans of more than $2 million complete a questionnaire regarding their operations and financial conditions during the pandemic. It requested information about gross revenues, capital improvement projects, dividend payments and […]
Construction Processes, Financial
February 16, 2021
Via: Construction DiveThe new SBA data provides a snapshot of the types of businesses that received loans this year and the sizes of the loans. The average loan across all industries was $78,000, and about 70% were for less than $50,000. About […]
Construction Processes, Financial, Legal
October 20, 2020
Via: Construction DiveA scathing report published Friday by the House Select Subcommittee on the Coronavirus Crisis illustrated the gulf in Paycheck Protection Program (PPP) loan application processing times at several large banks. JPMorgan Chase processed PPP loans of more than $5 million […]
Construction Processes, Financial, Legal
June 22, 2020
Via: ENRConstruction’s volume of federal Paycheck Protection Program loans has jumped 42% since mid-April, updated Small Business Administration data show, but construction’s ranking slipped to third among industries, from first place after PPP’s first round of funding. The latest SBA ranking, […]
Construction Processes, Financial
June 15, 2020
Via: Construction DiveAs 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 […]
Construction Processes, Financial, Legal
April 21, 2020
Via: ENRThe U.S. Senate approved on April 21 a compromise measure to inject $310 billion into the now-empty Paycheck Protection Program (PPP)—which aims to assist financially strapped small businesses, including those in construction, engineering and building materials—with forgivable loans to help […]
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