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Tar Heel Pest Management News
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On May 13, the Small Business Administration (SBA) updated guidance related to "borrower need" under the Paycheck Protection Program.
The concern over which companies have a demonstrated need has been a subject of much debate and media attention, as the lack of clear guidance resulted in many large companies applying for and receiving loans during the first round of PPP funding. SBA released a clarification in April regarding what constituted need; you can read NPMA's update on that clarification
here. As larger companies with access to capital markets have debated whether to return funding or not, small businesses have also wondered what exactly a demonstrated need is.
SBA updated their FAQ document on May 13th to further clarify. In FAQ Question 46 the SBA explains that they have created a safe harbor provision for smaller loans. In essence, loans that are under $2 million are deemed to have been made in good faith. Borrowers should still maintain records as required by the program but audits will be focused on loans above $2 million, as those companies are more likely to have access to other funding streams.
The full answer is available below. For additional questions, contact Ashley Amidon, VP of Public Policy at
aamidon@pestworld.org.
Coped from page 16 of the SBA FAQ available
here:
Question: How will SBA review borrowers' required good-faith certification concerning the necessity of their loan request?
Answer: When submitting a PPP application, all borrowers must certify in good faith that "[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant." SBA, in consultation with the Department of the Treasury, has determined that the following safe harbor will apply to SBA's review of PPP loans with respect to this issue: Any borrower that, together with its affiliates, 20 received PPP loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the necessity of the loan request in good faith.
SBA has determined that this safe harbor is appropriate because borrowers with loans below this threshold are generally less likely to have had access to adequate sources of liquidity in the current economic environment than borrowers that obtained larger loans. This safe harbor will also promote economic certainty as PPP borrowers with more limited resources endeavor to retain and rehire employees. In addition, given the large volume of PPP loans, this approach will enable SBA to conserve its finite audit resources and focus its reviews on larger loans, where the compliance effort may yield higher returns.
Importantly, borrowers with loans greater than $2 million that do not satisfy this safe harbor may still have an adequate basis for making the required good-faith certification, based on their individual circumstances in light of the language of the certification and SBA guidance. SBA has previously stated that all PPP loans in excess of $2 million, and other PPP loans as appropriate, will be subject to review by SBA for compliance with program requirements set forth in the PPP Interim Final Rules and in the Borrower Application Form. If SBA determines in the course of its review that a borrower lacked an adequate basis for the required certification concerning the necessity of the loan request, SBA will seek repayment of the outstanding PPP loan balance and will inform the lender that the borrower is not eligible for loan forgiveness. If the borrower repays the loan after receiving notification from SBA, SBA will not pursue administrative enforcement or referrals to other agencies based on its determination with respect to the certification concerning necessity of the loan request. SBA's determination concerning the certification regarding the necessity of the loan request will not affect SBA's loan guarantee.
Contacting NCPMA Headquarters
NCPMA's staff is currently working remotely and is available via email and phone to discuss any questions, comments, concerns, or requests you may have (using the same number/email).
To keep you informed, NPMA will continue to update its
information page and
NCPMA's page on coronavirus. If you have any questions or are concerned about availability, please feel free to reach out and discuss your concerns with our association staff:
Ashley Amidon, Executive Director, 703.999.8463
Amy Cannon, Association Management Services, 703.261.3216
Ashlee Wilcox, Program Manager, 703.626.3321
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Endowment Update
We have launched the NCPMA Extension Program Endowment in Honor of Mike Waldvogel to
support the ongoing work of NCSU, focusing on supporting positions that directly contribute to the education of our industry.
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Congratulations to the New NPMA Board Members
Congratulations to the North Carolina professionals who were elected to the National Pest Management Board of Directors.
- At-Large Members
- Scott Canady, Canady's Services, Inc. (Lumber Bridge, NC)
- Ashley Morrison, City Wide Exterminating (Locust, NC)
- Allied Director
- Ildem Bozkurt, Bayer Environmental Sciences (Research Triangle Park, NC)
- UPFDA Representative
- Thomas Forshaw, IV, Forshaw Inc. (Charlotte, NC)
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Meet the Board:
Brett Pool
Presidential Appointee
It's been a busy first year of serving on the NCPMA Board of Directors for Brett Pool.
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It has been very enlightening to see how committed the NCPMA Board is in improving the quality of service we provide through education and the image of our industry to our customers and the public as a whole," he said. "I look forward to participating in the upcoming year and continuing to learn from the experienced professionals already present."
Brett, who works with McDuffie Pest Control in Elizabethtown, currently serves as a Presidential Appointee on the Board of Directors and was involved with the early development on the NCPMA Premier Technician Program that launched in 2019.
After spending more than 20 years in manufacturing and fabrication, Brett joined the pest management industry a few years ago and was impressed with his new colleagues.
"I was blown away by the people. Is it a great business?...Absolutely...but the people are phenomenal!" he said.
In his downtime, you'll find Brett playing golf, spending time outdoors or tending to one of his many animals. He and his family are looking forward to welcoming pygmy goats soon.
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Now Accepting NCPMA Scholarships Applications
Deadline: July 1, 2020
We are now accepting applications for the 2020 NCPMA Education Foundation Past President's Scholarship.
These scholarships are designed for students enrolling or currently enrolled in post-high-school programs at technical schools, colleges or universities.
Winners of these scholarships must be:
- Owners or employees of NCPMA member companies, OR
- Family members (spouses, children or grandchildren) of NCPMA member companies that have been in good standing with the organization for the past two years.
An applicant's parents or grandparents must fulfill a two-year minimum requirement of working in the pest management industry. If this obligation is not fulfilled, the money is subject to full repayment.
To apply, visit our website.
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NCPMA Award Nominations Now Open
Deadline: Oct. 31, 2020
Nominations are now being accepted for the 2020 Administrative Professional of the Year Award and the 2020 Technician of the Year Awards.
Administrative Professional of the Year:
This prestigious award honors an administrative professional that best demonstrates outstanding service, superior performance, exceptional efficiency, integrity and dedication to his/her fellow employees and their companies.
Technician of the Year: The NCPMA Technician of the Year Award is designed to recognize an individual who exemplifies those qualities that best define an outstanding service technician in the pest management industry of North Carolina. Two awards are presented each year to a W-Phase and P-Phase technician.
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