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News & Press: COVID-19 Updates

COVID-19 Updates - 5.18.20

Monday, May 18, 2020  
The MPC is providing information mostly derived from official Government sources. Other information is taken directly from public sites. At times we will provide articles from subject matter experts. This update is provided to bring you information only. This information contained in this notice is being updated on a continuous basis and, as such, you must personally verify that it is accurate before relying on it. The notice will be updated as soon as newer or official information is provided by the government or other sources.
 
PAYCHECK PROTECTION PROGRAM
 
 
Message from Executive Board:
 
We continue to receive emails from membership regarding this program. We respond that we recommend the member consult with their attorney and accountants to ensure that the program will work best for them. In this update we are bringing you some of the latest information regarding the FAQ section with official SBA interpretations, as well as the forgiveness form. All we can say for sure is that this seems to change on a daily basis. Please make sure you follow your accountant’s advice.
 
 
 
PAYCHECK PROTECTION PROGRAM LOANS FAQs
 
The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).
 
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The NYCMPC strives to promote the licensed plumbing industry and the benefits of hiring a licensed and insured firm. In addition we provide education and clarification on a wide assortment of code issues.