[COVID-19\Small Business]
Attorney General James: “Hardworking families and small businesses across the country are struggling more than ever because of this pandemic.”
Photo: Twitter
Paycheck Protection Program
FAITH-BASED ORGANIZATIONS ELIGIBLE FOR SBA COVID-19 LOANS AND AID
[Paycheck Protection Program\Economic Injury Disaster Loan Program]
SBA Administrator Jovita Carranza: “While every American is being affected by COVID-19, the impact of this pandemic is particularly hurting our schools and places of worship, and disproportionately impacting the underrepresented communities.”
Photo: YouTube
SBA’S PAYCHECK PROTECTION LOANS APPEAR TO EXCLUDE MANY CONSTRUCTION COMPANIES
[COVID-19\Paycheck Protection Program]
AGC: “We urge the President and the Administrator of the Small Business Administration to immediately clarify the eligibility standard for the program so that all construction firms that employ fewer than 500 people are able to take advantage.”
Photo: YouTube
WATERS: COMMUNITY FINANCIAL INSTITUTIONS MUST BE INVOLVED IN HELPING SMALL BUSINESSES
[Community Financial Institutions]
The PPP allows financial institutions to provide forgivable loans to small businesses so they can keep employees on their payroll while having additional funds to pay rent, utilities and other costs.
Photo: YouTube
