Joseph Robinette Biden, Statement by President Biden Applauding House Passage of Paycheck Protection Program Extension (2021)
“ Small businesses are the engines of our economy, the glue of our communities, and account for half of private sector employment. But since the start of this pandemic, more than 400,000 small businesses have permanently closed and millions more are hanging by a thread. ”
Joseph Robinette Biden, Statement by President Biden Applauding House Passage of Paycheck Protection Program Extension (2021)
“ We know there is more to do to support our nation’s small businesses, and we are eager to continue to partner with Congress to build on this success. We want to ensure that every “mom and pop” small business in America has the resources it needs to rehire and retain workers, purchase the health and sanitation equipment they need to keep workers safe, and pursue opportunities to expand. ”
Joseph Robinette Biden, Statement by President Biden Applauding House Passage of Paycheck Protection Program Extension (2021)
“ And since our Administration changed the rules to provide more generous relief to sole proprietors, there’s been a big increase in the number of loan approvals for that key group, who are disproportionately likely to be women and minorities. ”
