Ernst Questions Business Leaders on Impact of COVID-19 Relief, Success of Paycheck Protection Program

***The Iowa Standard is an independent media voice. We rely on the financial support of our readers to exist. Please consider a one-time sign of support or becoming a monthly supporter at $5, $10/month - whatever you think we're worth! If you’ve ever used the phrase “Fake News” — now YOU can actually DO something about it! You can also support us on PayPal at [email protected] or Venmo at Iowa-Standard-2018 or through the mail at: PO Box 112 Sioux Center, IA 51250

At a Senate Committee on Small Business and Entrepreneurship hearing on Wednesday examining COVID-19’s impact on small businesses, U.S. Senator Joni Ernst (R-IA) highlighted the success of the Paycheck Protection Program (PPP) in helping Iowa’s local employers keep employees on the payroll and the bills paid. Ernst also outlined the concerns she’s heard from some Iowa businesses about needing more than the PPP loan to survive COVID-19 and noted the importance of additional action to assist distressed small businesses.

In addition, Ernst discussed the implications of the delayed response from both the Main Street Lending Program and the Economic Injury Disaster Loan (EIDL) Program, citing Iowa small business owners that submitted EIDL applications over two months ago but still haven’t heard anything back from the Small Business Administration (SBA).

Author: Press Release

LEAVE A REPLY

Please enter your comment!
Please enter your name here