May Builders News Newsletter
Check out the May edition of Builders News. May Builders News link.
Read More »Area COVID-19 Government Related Closings and Updates
IOWA CITY AREA COVID-19 RELATED GOVERNMENT OFFICES CLOSINGS AND DOING BUSINESS UPDATES (Updated May 28, 2020) Many area governments have temporarily changed how business is conducted due to the COVID-19 Coronavirus and Iowa’s State of Public Health Disaster Emergency. Below is what’s currently known. CITY OF CORALVILLE Reopening City Hall reopens to the public June 1. Hours are 7:30 a.m. to 5:00 p.m. Monday through Friday. Services Services via phone, mail...
Read More »Reapplying for Small Business EIDL Loans Under the Cares Act
The new $484 billion aid package approved by Congress includes $60 billion to renew funding for the Economic Injury Disaster Loans (EIDL) program and adds $320 billion to the Paycheck Protection Program (PPP). Those who were caught in the middle of the loan application process when funding ran dry need to know the following: If you were in the process of applying for a EIDL loan and have an application number that begins with the No. 3, you do not need to reapply...
Read More »Congress Approves $484 Billion Coronavirus Relief Package
This post was updated on April 23. Congress has approved a $484 billion relief measure to combat the economic fallout from the coronavirus pandemic. The legislation renews funding for two key small-business loan programs that ran out of money under the CARES Act by providing $320 billion for the Paycheck Protection Program (PPP) and $60 billion for the Economic Injury Disaster Loans (EIDL) program. The relief package also includes $75 billion for hospitals and $25 billion...
Read More »Coronavirus Causing Home Owners to Pull Back on Remodeling
A recent NAHB survey of professional remodelers shows the negative effect the coronavirus pandemic is having on the decision to remodel. More than 90 percent of remodelers in the survey reported a slowdown in both the rate at which inquiries are coming in, and in the general willingness of home owners to remodel at this time. While 96 percent of remodelers said the virus was hurting the rate at which inquiries are coming in, a full 70 percent characterized the negative...
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