Pelosi, Khanna express concerns over startups potentially excluded from SBA loans
"For these small businesses, as for many others across America, access to forgivable PPP loans will be critical to preserving jobs during the coronavirus pandemic and to securing American's leadership in science, technology and innovation," Pelosi and Khanna wrote in a letter to Treasury Secretary Steve Mnuchin and the SBA.
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‘I’m really worried I will have to shut down.’ N.J. small businesses desperate for federal loans.
Smith applied for a loan under the government’s program to help small businesses hammered by the crisis. The window for lenders to apply for loans reopens at 10:30 a.m. Monday, the Small Business Administration said. The federal money, Smith said, could help sustain his business though the end of the summer. The Small Business Administration loan may buy her two more months, she said, “maybe three.”
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