Mnuchin Asks Congress for More PPP Funds

U.S. Treasury Secretary Steven T. Mnuchin and U.S. Small Business Administration Administrator Jovita Carranza calling for Congress to appropriate more funds toward the Paycheck Protection Program and Economic Injury Disaster Loan Program, due to the havoc that COVID-19 has wreaked on the economy.

“The SBA has processed more than 14 years’ worth of loans in less than 14 days.  The Paycheck Protection Program is saving millions of jobs and helping America’s small businesses make it through this challenging time,” said a joint statement from the two. “The EIDL program is also providing much-needed relief to people and businesses.

“The high demand we have seen underscores the need for hardworking Americans to have access to relief as soon as possible.  We want every eligible small business to participate and get the resources they need.”