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
News


Second round of payroll protection plan (ppp) loans opened

1/26/2021

 
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The second round of the Payroll Protection Plan (PPP) loans opened on January 11, 2021. The U.S. Small Business Administrations (SBA) and the U.S. Department of Treasury released the final guidance for first time applications, and stronger stipulations for second time borrowers.  

Forgivable PPP loans require that 60 percent of the loan pay employees & wages and 40 percent is used for rent, utilities, mortgage interest payments and other expenses.  

First time applicants can apply for loan coverage for any length between 8 and 24 weeks. Among the other business-related expenses that can be covered by the loan are supplier costs and property damage.  

Second time borrowers must have fewer than 300 employers, and must prove that they suffered at least a 25 percent drop in gross receipts between comparable quarters in 2019 and 2020.


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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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