House Hearing on Economic Injury Disaster Loan Program
2020-06-23T16:08:29-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZDZlXC8yMDIwMDYyMzE2NDQwMTAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The House Small Business Committee held a virtual hearing about the distribution of small business loans during the coronavirus pandemic. Small business owners and advocates spoke about the issues they faced while applying for loans provided through the CARES Act, including long wait times in the application process, and a lack of communication regarding their loan approval. The Small Business Administration (SBA) was processing both the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. Karen Kerrigan, Small Business and Entrepreneurship Council president and CEO, acknowledged problems with loan distribution, but also recognized the unprecedented amount of requests the SBA was tasked with processing in a short period of time.
The House Small Business Committee held a virtual hearing about the distribution of small business loans during the coronavirus pandemic. Sm… read more
The House Small Business Committee held a virtual hearing about the distribution of small business loans during the coronavirus pandemic. Small business owners and advocates spoke about the issues they faced while applying for loans provided through the CARES Act, including long wait times in the application process, and a lack of communication regarding their loan approval. The Small Business Administration (SBA) was processing both the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. Karen Kerrigan, Small Business and Entrepreneurship Council president and CEO, acknowledged problems with loan distribution, but also recognized the unprecedented amount of requests the SBA was tasked with processing in a short period of time. close
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- Jerome Whack Owner Christian Street Pharmacy (Philadelphia, PA)
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