Steel Erectors Association of America

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  • Membership
    • Our Members
    • Membership Dues
    • Apply for Membership
    • Trailblazer Referral Program
    • Member Directory
  • Member Tools
    • Membership Directory Upgrade
    • Member Benefits
    • Member to Member Discounts
    • Worker's Comp Insurance
    • Steel Pros Training Portal
    • Craft Training & Apprenticeship
    • Hiring With CareerPlug
    • Job Board
  • Events & Awards
    • Meetings and Upcoming Events
    • SEAA Convention & Trade Show >
      • Trade Show Exhibitor Info
    • Golf Tournaments >
      • Dave Schulz Memorial Golf Tournament
    • Career Fair
    • Webinar Registration
    • Awards >
      • Project of the Year
      • Safety & Craft Training Excellence Awards
      • William Davis Service Award
      • Person of the Year
      • Past Winners
  • News
    • Industry & Safety Info
    • Publications
    • Connector Archives
    • Webinar Archives
    • Photo Gallery
    • Subscribe
  • Resources
    • Hard Hat Sticker Contest
    • Safety Stand-Down
    • Stand Up For Mental Health
    • Industry Events
    • Downloads
    • Industry Links
    • MEMBER DIRECTORY
  • ABOUT SEAA
    • Leadership
    • Our History
    • Get Involved
    • Contact Us
  • Login
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Trump administration clarifies that paycheck protection loan program applies to all small construction firms

4/15/2020

 
New guidance from the Treasury Department appears to allow any U.S. firms with 500 or fewer employees to qualify for the Small Business Administration's Paycheck Protection Program regardless of revenue, according to the Associated General Contractors of America. The initiative was created as part of the $2 trillion Coronavirus rescue bill enacted late last month. ​​

President Donald Trump's administration released the new guidance yesterday after the AGC raised concerns that many small construction firms appeared to be excluded from the program. While Congress had earlier declared that the program be open to all businesses with 500 or fewer employees, the administration's “interim final rule” issued on April 2 stated that businesses must have 500 or fewer employees 
and fall below the agency’s small business size standards in order to qualify. The AGC claims the rule would have excluded many construction firms that have fewer than 500 employees but earn more than the SBA rules allow.  Click here to read the entire article.

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Who We Are
​Established in 1972, the Steel Erectors Association of America (SEAA) represents structural and reinforcing steel contractors, fabricators, and suppliers that serve this market. Our members include both small contractors (under $3 million revenue annually) and large contractors (over $10 million revenue annually). SEAA is a national organization with members in more than 40 US States and 3 Canadian Provinces.

​353 Jonestown Road, Suite 207, Winston-Salem,  NC 27104

​Phone: (336) 294-8880
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[email protected]
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