WASHINGTON, D.C. (April 7, 2020) — NFIB, the nation’s leading small business advocacy organization, issued the following statement from NFIB President Brad Close in response to requests for additional funding for the Paycheck Protection Program:
“Every dollar invested in saving small businesses is a dollar invested in the backbone of the American economy, and we are encouraged by the Administration’s request for additional funds in the PPPL program. Small businesses are struggling like never before, with half telling us they won’t last more than two months in the current environment.
“It is crucial these resources are not exhausted and that small businesses can have confidence the funds will be available, especially for the smallest and most vulnerable. We urge Congress to approve the additional funding so that small businesses will not have to worry that loan funds will run out before they can get their loan request approved and processed.”