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NFIB Statement on Small Businesses Being Shut Out of Paycheck Protection Program Loans


Series: Coronavirus | Story 59

Last updated 4/6/2020 at 10:25am

The NFIB, the nation’s leading small business advocacy organization, on April 3 issued the following statement from NFIB President Brad Close in response to the rollout of the Paycheck Protection Program loans:

“We are hearing from far too many small businesses, today, that they are being shut out of the Paycheck Protection Program forgivable loan program. Small businesses make up half of our economy and employ nearly half of all workers, but this has the potential to be the last straw for many small businesses and their employees.

“NFIB research out this week indicates that half of...

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