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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.