Washington, DC – Today, Small Business Majority founder and CEO, John Arensmeyer, issued the following statement on the Payroll Protection Program (PPP) fixes included in House Democrats’ latest stimulus proposal, the HEROES Act, which could receive a vote as early as this Friday.
Press Releases
Press Release Date:
Wednesday, May 13, 2020
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, May 5, 2020
Washington, DC – Today, John Arensmeyer, Founder and CEO at Small Business Majority, issued the following statement after the Transparency and Oversight of COVID-19 Small Business Assistance Act, which would require the U.S. Small Business Administration (SBA) to provide Congress and the public with timely, detailed data on the agency’s COVID-19 small business relief programs, was blocked from advancing on the U.S Senate floor.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Wednesday, April 22, 2020
Nuevos datos muestran que las pequeñas empresas de California recibieron la menor cantidad de préstamos PPP en todo el país, y revelan una tasa sorprendente de el número de pequeñas empresas que han cerrado y han tenido reducciones de la fuerza laboral en el estado
Sausalito, CA - Mientras el Senado de los EE. UU. se prepara para votar para agregar fondos adicionales al Programa de Protección de Cheques de Pago (PPP) y al Préstamo por Desastre por Daños Económicas (EIDL), una nueva encuesta científica publicada hoy revela el peligro económico de las pequeñas empresas en California.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, April 21, 2020
In light of reports that California small businesses received the fewest PPP loans nationwide, new data reveals a shocking rate of small business closures and reductions to the workforce in the state
Sausalito, CA – As the U.S. Senate prepares to vote to add additional funding to the depleted Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), a new scientific poll released today reveals the economic peril of California’s small businesses.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, April 21, 2020
Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on today’s U.S. Senate vote to allocate additional funds to emergency loan programs
“We’re glad the Senate has finally agreed on a plan to allocate additional funds to the Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), and we are hopeful this will benefit some business owners who have been left at the end of the line by dedicating a portion of funds to community-based lenders. But at the same time, even with additional funding, these loan programs are not structured in a way that will meet the needs of the smallest, most vulnerable small businesses.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, April 14, 2020
As small business stimulus programs could run out of funding this week, a new small business survey reveals far-reaching COVID-19 economic impacts and overwhelming support for broader grant relief measures
Washington, DC – As America’s small businesses continue to face unprecedented challenges resulting from COVID-19 and emergency small business loan programs are unable to respond to overwhelming demand, a new scientific opinion poll released today provides insight into the far-reaching economic toll the virus is having on small businesses.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, April 7, 2020
Small business owners are on hand to share personal stories and struggles of navigating PPP and experts are available to provide insight and discuss policy proposals
Washington, DC – Following reports that funding for the Paycheck Protection Program (PPP) could dry up and the announcement that the U.S. Senate is preparing to allocate an additional $250 billion to the program as early as this week, Founder and CEO of Small Business Majority, John Arensmeyer, issued the following statement.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, March 31, 2020
Washington, DC – Following the release of the U.S. Treasury’s and Small Business Administration’s (SBA) Paycheck Protection Program (PPP) application and guidance for lenders and borrowers, Small Business Majority Founder and CEO, John Arensmeyer, released the following statement. Additionally, small business and lending policy experts at Small Business Majority are available for comment and analysis of SBA’s guidance and application.
Topic(s):
COVID-19
Press Release Date:
Thursday, March 26, 2020
Stimulus Package Missing Greatest Need for Small Businesses
Washington, DC – Today, Small Business Majority Founder and CEO, John Arensmeyer, released the following statement ahead of the United States Senate vote on an emergency COVID-19 stimulus package (HR 748), which includes $367 billion in small business loans and loan guarantees to help Main Street recover.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Sunday, March 22, 2020
Anything short of $250 billion in direct small business grants, in addition to loans, is insufficient
Washington, DC — Today, Small Business Majority demanded that Congress increase its COVID-19 stimulus funding for small businesses to $500 billion. In a letter to Congressional Leadership and the Chairmen and Ranking Members of the Senate and House Small Business Committees, Small Business Majority recommended that a half trillion of small business stimulus be split evenly between expanded loans and direct cash assistance for small businesses of 2 to 100 employees.
Topic(s):
Access to Capital, COVID-19