ETA Urges Congress to Fund Additional Small Business Relief as PPP Funds are Exhausted
Summary
A statement from the Electronic Transactions Association (ETA) dated April 15, 2020, attributed to CEO Jodie Kelley, on the depletion of the funds set aside in the Paycheck Protection Program (PPP). It applauds Congress for passing the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The statement says that in the last 10 days ETA members, banks and fintech lenders, helped tens of thousands of small business owners access billions of dollars under the PPP. It urges Congress to act swiftly to allocate additional funds to the PPP, since thousands of small businesses still need access.
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“ETA Urges Congress to Fund Additional Small Business Relief as PPP Funds are Exhausted – ETA | Electronic Transactions Association.”
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ETA Urges Congress to Fund Additional Small Business Relief as PPP Funds are Exhausted WASHINGTON, D.C. – April 15 2020 – The following statement is attributed to Jodie Kelley, CEO, Electronic Transactions Association (ETA), the global trade association for the payments technology industry, regarding the depletion of the funds set aside in the Paycheck Protection Program (PPP). “We applaud Congress for its quick action to help Americans mitigate the effects of coronavirus (COVID-19) by passing the Coronavirus Aid, Relief, and Economic Security (CARES) Act – including helping American small businesses by establishing the Paycheck Protection Program (PPP). In the last 10 days, ETA members – banks and fintech lenders – have helped tens of thousands of American small business owners access billions of dollars under the PPP. As the PPP has reached the limit set by Congress, there are thousands of small businesses that still need access to PPP funds. We urge Congress to act swiftly to allocate additional funds to the PPP. ETA members stand ready to assist small businesses and consumers affected by COVID-19.” About ETA The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $21 trillion in purchases worldwide and deploying payments innovation to merchants and consumers. ###
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