Press Releases

Press Release Date:
Thursday, June 4, 2020

Recovery will require bold initiatives like a direct grants program for businesses under 100 employees and automatic forgiveness of all PPP loans under $150,000

Washington, DC – Today, John Arensmeyer, Founder and CEO of Small Business Majority, released the following statement after the Senate passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010), which makes critical changes to PPP to better serve struggling small business owners in the wake of the COVID-19 pandemic. The bill now heads to the President’s desk for signature. 

Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Tuesday, June 2, 2020

Statement from Small Business Majority Board Chair LaJuanna Russell and Founder & CEO John Arensmeyer

As advocates for the small business community that are focused on building an inclusive and diverse economy, we condemn the racism in our country that continues to spawn shocking institutional violence against African-Americans and other people of color. Our mission is to support diverse entrepreneurs and those in underserved communities, as we see on a daily basis the disadvantages faced by hard-working business owners and their employees in those communities—including lack of access to capital, quality healthcare, other benefits and equal economic opportunities.

Topic(s):
Access to Capital, COVID-19, Minority entrepreneurship
Press Release Date:
Thursday, May 28, 2020

Washington, DC – Today, John Arensmeyer, Founder and CEO of Small Business Majority, released the following statement after the House of Representatives passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010), which would make critical changes to PPP to better serve struggling small business owners in the wake of the COVID-19 pandemic. 

Topic(s):
Access to Capital, COVID-19
Press Release Date:
Friday, May 15, 2020

After more than a month of confusion and frustration, small business owners are hopeful that PPP will be reformed to fit their needs

Washington, DC – Today, ahead of the U.S. House of Representatives vote on the Heroes Act, a $3 trillion dollar COVID-19 stimulus plan that contains critical reforms to the Paycheck Protection Program (PPP), Small Business Majority released the following comments from network members from across the country. In their own words, several entrepreneurs explain the challenges with the current PPP structure, their personal experiences in the wake of the pandemic, and support for broadening the parameters of PPP.

Topic(s):
Access to Capital, COVID-19, Financial Reform
Press Release Date:
Wednesday, May 13, 2020

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. 

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

Pages