Trump Administration Funding Freeze is an Inexcusable Move That Will Harm Small Businesses
Statement from Small Business Majority Founder & CEO John Arensmeyer on the impact that indefinitely delayed federal grants and loans will have on small businesses struggling to recover from natural disasters
“The Trump administration’s decision to broadly freeze federal grants and loans until further notice will have a devastating impact on small businesses nationwide. Small Business Administration (SBA) disaster relief funds are among the loans impacted, and the timing could not be worse. Countless businesses in California, Texas, North Carolina and Florida are struggling to rebound from major natural disasters, and many have already experienced delayed recovery because Congress allowed SBA disaster loan funds to run dry last year.
We have seen no justification for the Trump administration’s draconian shuttering of the federal purse, and unless some compelling reason is shown we demand that SBA disaster loans be made immediately available to the small businesses that need them most. After all, any delay in assistance could be the difference between closure and survival for thousands of entrepreneurs and their businesses.
We also have concerns about how small businesses will be impacted by the freeze of funding in other areas, including healthcare subsidies. This chaos and uncertainty cannot be allowed to continue.”
About Small Business Majority
Small Business Majority is a national small business organization that empowers America's diverse entrepreneurs to build a thriving and equitable economy. We engage our network of more than 85,000 small businesses and 1,500 business and community organizations to advocate for public policy solutions and deliver resources to entrepreneurs that promote equitable small business growth. Our deep connections with the small business community along with our scientific research enable us to educate the public about key issues impacting America’s entrepreneurs, with a special focus on advancing the smallest businesses and those facing systemic inequalities. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.
