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.
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.
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.
Statement from John Arensmeyer, CEO at Small Business Majority, on the limited help included in stimulus package for small businesses
As small businesses continue to struggle in the wake of the COVID-19 pandemic, the U.S. Senate released economic stimulus bill is merely a first step of what is needed to get business owners back on their feet. We have heard from countless entrepreneurs across the country that what they need to survive is a massive direct cash infusion now. The Senate plan is a start, but ultimately falls short.
Statement by John Arensmeyer, CEO of Small Business Majority, critiquing the Senate’s passage of the coronavirus disaster bill for not including overwhelming help for small businesses
Today, the United States Senate let a critical opportunity to provide immediate relief to America’s struggling small businesses pass by. In the face of the COVID-19 pandemic entrepreneurs across the country have closed signs hanging on their doors for the foreseeable future, bills are piling up, employees are being let go, and for some business owners this will mean the end of their business for good.
Statement from John Arensmeyer, CEO at Small Business Majority, on the insufficient resources being directed to small businesses during the COVID-19 pandemic
The coronavirus pandemic has left America’s small businesses and entrepreneurs on the brink of collapse through no fault of their own. People are struggling, businesses are closing, and employees are being let go en masse. Immediate action is needed by Congress and the Administration, and we call on them to provide a massive and bold stimulus package for Main Street.
Statement by John Arnesmeyer, CEO of Small Business Majority, on needed emergency relief for small businesses amid the COVID-19 outbreak
The small business community is among the hardest hit by the coronavirus pandemic. With the market in free fall and the uncertainty breeding in communities across the country, Main Street has been left to grapple with how to stay afloat during these challenging times. Small businesses—particularly in the service and retail industries—operate on razor-thin margins before a crisis like this strikes. America’s entrepreneurs need quick, decisive, and responsible action now to provide relief to the economic impacts they are already experiencing.
Statement by Awesta Sarkash, Government Affairs Manager for Small Business Majority, on how new healthcare changes will impact small businesses
Virginia’s 2020 legislative session produced a ‘mixed bag’ of wins and losses for the state’s small businesses. The most direct impact on small businesses came from several pieces of legislation that will fundamentally alter the state’s healthcare system. In some respects, important strides were made to uplift small employers, but on the other hand, several bills advanced that could undermine small business owners’ bottom lines.
California small business owners support a broad range of policies to expand paid leave to better support their employees
Sacramento, Calif. — Following Governor Newsom’s announced budget trailer bill, which outlines plans to expand California’s paid family leave insurance fund, a new scientific opinion poll released today found that small business owners of all sizes overwhelmingly support the expansion of California’s state-run paid leave program.
Statement by Mark Herbert, Vice President, California for Small Business Majority, on Covered California’s 2020 enrollment numbers
Covered California’s 2020 enrollment numbers released today send a clear message that the Affordable Care Act works, and when states take responsible steps to strengthen it the public benefits. Following the onslaught of attacks by the Trump Administration to undercut the ACA, state officials took important steps to keep healthcare affordable. By enacting new state subsidies, California became the first state in the country to provide financial assistance to middle-income families—many of whom are small business owners or self-employed individuals.