Carbajal statement on depletion of loan funding for small businesses
In response to the announcement that the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) programs have run out of funding, Rep. Salud Carbajal (CA-24) released the following statement:
“Congress must immediately appropriate more funding for Small Business Administration loan programs to help small businesses on the Central Coast and across our nation. We also still need to do more for our local governments and health workers who need resources and support as they work on the front lines each day. These priorities go hand-in-hand—we can do both at once.
“This is a pandemic and we cannot waste any more time on partisan politics. In this time of crisis, Congress must come together and continue to support our local businesses, our hospitals, our communities, local governments and our frontline workers. We need action now."
Today also, Carbajal joined a bipartisan group of 100 colleagues in urging the SBA to work with lawmakers to quickly address the issues facing EIDL, and expressing the support of Congress to further fund the program.
House and Senate Democrats proposed a package to address the concerns of small businesses, hospitals and communities across the nation. This interim funding proposal has bipartisan support from leaders across the nation. Democrats are calling for congressional unity to move these provisions forward: