Small businesses fuel the U.S. economy and are currently under attack by an invisible enemy. The coronavirus pandemic has left businesses closed and millions of Americans out of work. Fortunately, Uncle Sam has extended a lifeline to the country’s small business job creators.
Through the Paycheck Protection Program, small businesses can access forgivable loans to cover payroll, rent and utility expenses. $349 billion has already been allocated for the relief, but Congress is signaling more is just around the corner. The funds will help small businesses weather the pandemic-spurred challenges and be prepared to kick-start the country’s economic engine once the crisis subsides.
I strongly encourage all small business entrepreneurs to contact a local bank and apply today. Hundreds of thousands have already done so.
Unprecedented times require unprecedented action. The Trump administration has extended a lifeline. It’s time to grab it.
— Elaine Parker, president, Job Creators Network Foundation