The deadline to apply for PPP is one week away, but that could change if the Senate sends the bill to the White House, extending the deadline for two months. Our Samantha Jo-Roth says that there are still billions of dollars left to be claimed.
Small Business News
A poll conducted by Lake Research Partners for Small Business Majority, which surveyed small business owners across the U.S., found 59% reported declined revenue during the pandemic with 60% reporting losses of more than 25%. More than half say the revenues are still down compared to last year.
El viernes, 26 de marzo a las 2 p.m. PT, te invitamos a una charla donde hablaremos sobre el impacto de la pandemia en las mujeres y el camino a la recuperación. Elva Saray, presentadora de Acceso Total, hablará con Xiomara Peña, Vicepresidenta de Colaboraciones Estratégicas de Small Business Majority, Silvia Gonzalez, Investigadora de UCLA Latino Policy and Politics Initiative, y la Dra. Miriam Nenninger, Terapeuta Familiar.
“(Gray’s) announcement is yet another proof point of Gov. Newsom’s ongoing commitment to equity and inclusivity as we recover together,” said Mark Herbert, managing director at the California office of the Small Business Majority, an organization that works with entrepreneurs and policymakers.
“Our recovery must focus on equitable small business growth,” said Mark Herbert, Managing Director of California for Small Business Majority. “As a longstanding advocate for small businesses across the state, Tara’s insight and commitment to the needs of all of our entrepreneurs is critical as the State continues its important work to preserve all of the small businesses that make our communities home. Today’s announcement is yet another proof point of Governor Newsom’s ongoing commitment to equity and inclusivity as we recover together.”
“We always recommend talking to your lender, and just staying on top of SBA’s website to see when these programs go live,” says Awesta Sarkash, government affairs manager for the advocacy group Small Business Majority. For now, check out the SBA hub for pandemic relief for more information.
One year after the coronavirus outbreak, nearly 30% of California’s small businesses remain closed. Women- and People of Color (POC)-owned businesses have been disproportionately impacted, with thousands expected to close permanently. This virtual summit brings together small business owners and advocates, providers, community lenders, and policy makers from across the state to examine the impacts of COVID and recovery efforts on women- and POC-owned small businesses in California, and how to create an equitable and robust ecosystem that supports diverse entrepreneurs in California.
Do you feel like you belong in America? Do you feel overlooked in America? We drove down Interstate 70 and explored these questions.
“Extending the Paycheck Protection Program is critical at a time when we know many small business owners are still applying for funds, or already applied and are still waiting for their application to be approved or are hoping to receive desperately needed funds soon,” said John Arensmeyer, founder and CEO of Small Business Majority.
Earlier on, Small Business Majority founder and CEO John Arensmeyer said, “Many small-business owners, especially the self-employed, are just now trying to access the program for the first time, so giving small businesses more time to take advantage of an important lifeline like PPP is not only the right thing to do, it’s the necessary thing to do.”