NSBA Calls for Additional Small Business StimulusApril 9, 2020
Today, the National Small Business Association is calling on lawmakers to continue their bipartisan efforts that resulted in much-needed, yet dwindling, funds through passage of the CARES Act Paycheck Protection Program loans. Below is a statement from NSBA President and CEO Todd McCracken.
“Less than two weeks ago, Republicans and Democrats set aside partisan bickering to enact stimulus to help America’s drowning small-business community, and we need them to do so again. We are hearing that the funds are nearly gone, yet countless small businesses still need help.”
“And while the program has encountered some serious hiccups—perhaps not surprising for a $350 Billion program trying to go from nothing to full implementation in 6 days—we cannot simply wash our hands of the crisis facing communities across the country that depend on small business.”
“We have said from the start: maintaining small-business cash-flow and liquidity is essential to getting our vibrant small-business community to the other side of this crisis. If lawmakers and the administration fail to ensure that all small businesses—not just those lucky enough to get their applications processed in time—have access to critical funding, we could be at the start of a very painful, long economic downturn.”
Please click here to access NSBA’s resource page on COVID-19 which includes a new poll, small-business profiles and much more.