PPP Loans — Underserved Small Businesses

Summary

A letter that states that Congress has appropriated $310 billion in new funding for PPP loans and that it is imperative to ensure that underserved small businesses, including those in the territories, received adequate access to the program. It respectfully requests information on program accessibility in the territories. Its numbered questions ask how equal access to PPP loans by underserved communities, including those in the five territories, will be ensured; what challenges SBA has experienced in the territories and how they have been overcome; what SBA is doing to encourage bank/lender participation in the territories; and what SBA is doing to disseminate information about the program. It asks for an immediate response given the urgency of the situation.

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Issuer: Congressional materials
Document type: 3262 2020 04 29 Chairs Vel Zquez And Grijalva Ppp Loan Distributio Att0
Date: 2020-04-29
Case: 3262 2020 04 29 Chairs Vel Zquez And Grijalva Ppp Loan Distributio Att0

Cite this document

“PPP Loans — Underserved Small Businesses.” Dated 2020-04-29. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-04-29-3262-2020-04-29-chairs-vel-zquez-and-grijalva-ppp-loan-distributio-att0/, SHA-256 f6ac877b44170aa6406bd65483105fce8e0d9e1fae43ec279126860fbd783a84.

Full text

Now that Congress has appropriated $310 billion in new funding for PPP loans, it is imperative to ensure
that underserved small businesses, including those in the territories, received adequate access to the
program. Thus, with respect to program accessibility in the territories, we respectfully request the
following information:
   1. How will you ensure equal access to PPP loans by underserved communities, including those in
      the five territories?
   2. What challenges has SBA experienced in setting and running the program in the territories and
      how have those challenges been overcome?
   3. What is SBA doing to encourage bank/lender participation in the territories?
   4. What is SBA doing to disseminate information about the program in the territories to educate
      small businesses?
Thank you for your attention to this request. Given the urgency of the situation, we look forward to your
immediate response.



                                               Sincerely,




…z
Chairwoman   ;azf
                e
                                                            Raul M. Grijalva
                                                            Chair
House Small Business Committee                              House Committee on Natural Resources

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