Press Releases

Press Release Date:
Wednesday, August 5, 2020

A new network survey reveals 1 in 4 small businesses will not survive past 3 months without additional stimulus funding

Washington, DC — Today, Small Business Majority released a new network survey revealing how dire the situation is for the nation’s smallest business owners and called on Congress to immediately reevaluate the stimulus provisions being considered in the next COVID-19 relief bill.

Topic(s):
Access to Capital, COVID-19, Financial Reform, Government Accountability, Regulations, Retirement
Press Release Date:
Thursday, July 30, 2020

Lacking transparency standards have resulted in small businesses paying as high as 350% APR on small business financing

Washington, DC — Today, Small Business Majority, issued the following statement applauding the introduction of the Small Business Lending Disclosure and Broker Regulation Act of 2020 authored by House Small Business Committee Chairwoman Nydia Velázquez. The bill would amend the federal Truth in Lending Act (TILA) to extend the same protections for consumers to America’s small businesses.

Topic(s):
Access to Capital
Press Release Date:
Monday, July 27, 2020

Washington, DC – Small Business Majority Founder and CEO, John Arensmeyer, issued the following statement after Senate Republicans released their next COVID-19 economic relief package for small business. 

Topic(s):
Access to Capital, COVID-19, Entrepreneurship, Government Accountability, Regulations
Press Release Date:
Thursday, July 23, 2020

Washington, DC – Today, as a deal was reached for the next COVID-19 stimulus package, Small Business Majority Founder and CEO John Arensmeyer urged Congress to include automatic forgiveness of all Paycheck Protection Program (PPP) loans under $150,000. In a letter to House and Senate Leadership, Arensmeyer asked that S. 4117, the Paycheck Protection Small Business Forgiveness Act, is included as part of the next relief package. S.

Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Monday, July 6, 2020

Washington, DC – Today, Small Business Majority Founder and CEO, John Arensmeyer, issued the following statement after the Small Business Administration (SBA) released borrower data for the Paycheck Protection Program (PPP). 

Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Monday, July 6, 2020

More than 2,500 California small businesses received less than $1,000 from PPP, with some receiving as little as $1

Washington, DC – Today, Mark Herbert, Vice President, California at Small Business Majority, issued the following statement after the Small Business Administration (SBA) released loan data for the Paycheck Protection Program (PPP).

Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Wednesday, July 1, 2020

Washington, DC — Today, John Arensmeyer, founder and CEO at Small Business Majority, released the following statement after the U.S. Senate voted to extend the Paycheck Protection Program (PPP) to August 8, 2020.

Topic(s):
Access to Capital, COVID-19, Entrepreneurship
Press Release Date:
Monday, June 29, 2020

Washington, DC — Today, with only one day left for small business owners impacted by COVID-19 to apply for the Paycheck Protection Program (PPP), Small Business Majority released the stories of several small business owners from across the country. In their own words, these small business owners share the challenges they are facing in the wake of the pandemic and emphasize the need for PPP to remain open for applications, while also undergoing additional reforms to make PPP workable for the smallest businesses in crisis. 

Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Wednesday, June 24, 2020

Washington, DC – Today, Small Business Majority’s National Latino Entrepreneurship Director, Xiomara Peña, issued the following statement in response to the Trump Administration’s announcement this week that it will suspend certain visas through the end of the year. 

Topic(s):
COVID-19, Entrepreneurship, Immigration, Job Creation, Minority entrepreneurship, Workforce Issues
Press Release Date:
Wednesday, June 24, 2020

Washington, DC – Hoy, la Directora de Programas Nacionales para la Comunidad Latina de Small Business Majority, Xiomara Peña, emitió la siguiente declaración en respuesta al anuncio de la Administración de Trump esta semana de que suspenderá ciertas visas hasta el final de este año. 

Topic(s):
COVID-19, Entrepreneurship, Immigration, Job Creation, Minority entrepreneurship, Workforce Issues

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