Chairwoman Velázquez Secures Disaster Loan Funding for Small Businesses Hurt by Coronavirus
Summary
Announcement dated Washington, March 4, 2020, that the U.S. House of Representatives passed H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act. The announcement states that the act enables the Small Business Administration to make an estimated $7 billion in low-cost loans to affected small businesses. House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) is quoted saying the House acted to open critical economic injury loans to small businesses dealing with the consequences of the coronavirus outbreak.
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“Chairwoman Velázquez Secures Disaster Loan Funding for Small Businesses Hurt by Coronavirus.”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/3189-2020-03-04-chairwoman-vel-zquez-secures-disaster-loan-funding-743a067cfb/
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Chairwoman Velázquez Secures Disaster Loan Funding for Small Businesses Hurt by Coronavirus Source(print): https://democrats-smallbusiness.house.gov/news/documentprint.aspx?DocumentID=3189 Chairwoman Velázquez Secures Disaster Loan Funding for Small Businesses Hurt by Coronavirus democrats-smallbusiness.house.gov Cmte Small Business (D) Contact: Chairwoman Velázquez Secures Disaster Loan Funding for Small Businesses Hurt by Coronavirus Washington , March 4, 2020 - Washington, D.C.— Today the U.S. House of Representatives passed H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act, which enables the Small Business Administration to make an estimated $7 billion in low-cost loans to affected small businesses. “For many American small businesses, the outbreak of coronavirus means fewer customers, gaps in supply chains, and workforce reductions,” said House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY). “That is why, today, the House acted to open critical economic injury loans to small businesses dealing with the consequences of the coronavirus outbreak. These low-interest loans will inject much-needed capital into Main Street businesses as they recover from the hardship of operating during a public health crisis.” The bill text can be found here . ###
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