Released June 26, 2020.   

Join us as Miles Free answers a variety of questions!  You never know what will be asked or what the answer may be!

Please send any questions or topics for Miles Free to answer to gro.apmp@rellimc and we will answer your questions on an upcoming episode of the Speaking of Precision: Mailbag Edition

SBA Releases Important New Rules Regarding PPP Loan Forgiveness

 

Fisher Phillips logo

The Small Business Administration (SBA) just released important new rules regarding forgiveness of Paycheck Protection Program (PPP) loans. The June 22 Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule offer additional clarification on the rules governing forgiveness of PPP loans, while providing borrowers with additional flexibility. What do employers need to know about these developments?

 

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PMPA Business Trends June 2020

 

“Precision Machining Industry Sales Recover to 112 up 33% Over April 2020 Low”

 

With 77 companies responding, the PMPA Business Trends Index for June increased by 33% to 112 from the year’s low in April of 84. It came in up 30.2% above May’s 86 value. This 112 value is down 19.6 points from the 5 year average for June of 131.6, a decline of 14.9%. For perspective, the lowest value for the BT index during the Great Recession was 64, in May of 2009. June’s 112 value is up 75% from that Low point in our history.

 

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Why Manufacturers Prefer Rolled Threads to Cut Threads

Lib Pietrantoni from CJWinter

 

Lib Pietrantoni of CJWinter will provide a technical overview of the thread rolling process. Outline and discuss the benefits of thread rolling producing: stronger threads with superior quality, accuracy and lower costs. Review best practice blank design, different tooth form geometries available for thread rolling, and gaging options for use during set up and production – to make sure you are making good part.

 

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