"WHO’S LEFT OUT OF THE PAYCHECK PROTECTION PROGRAM?" Webcast featuring U.S. Representative Nydia Velázquez
Wednesday, April 15th
U.S. Representative Nydia Velázquez (D-NY), Chairwoman of the House Small Business Committee
This week marks the beginning of the second full week of the Paycheck Protection Program rollout. In the first week alone, over 710,000 loans worth a combined $179.2 billion were approved. While we are pleased with the strong bipartisan support for PPP renewal, we’ve heard concerns from you, our members and partners, that some banks are prioritizing big fish applicants and that funds may get snapped up before small fry applicants can see a dime.
Join us TOMORROW, WEDNESDAY, April 15th at 1 pm EDT for the next webcast in our Paycheck Protection Webinar Series, "Who’s Left Out of the Paycheck Protection Program?" featuring Program updates from U.S. Representative Nydia Velázquez (D-NY), Chairwoman of the House Small Business Committee, and a Q&A section with Renee Bender, Senior Professional Staff with the Senate Small Business & Entrepreneurship Committee under Chairman Marco Rubio; and Melissa Jung, Chief of Staff for Chairwoman Velázquez.
Topics to be covered in the upcoming webcast include:
- New Treasury guidance to lenders and other policy updates
- Clearing backlogs and increasing access for underserved communities: linguistically diverse, unbanked, rural, and smaller (100 employees or less) small business owners and nonprofits
- Connecting underserved communities to local banks, nonbank lenders, and CDFIs
- Identifying, documenting, and filing complaints on wrongful actions
This webcast is FREE and open to the public. Register at https://bit.ly/ABIC-PPPwebinar3, and find additional resources for the business community regarding the ongoing coronavirus pandemic at https://abic.us/covid19/.
The Paycheck Protection Program is part of Phase 3 of the CARES Act passed by Congress in March to get $350 billion into the hands of small business owners affected by COVID-19 to continue paying their employees over the next few months. Find the loan application form for the Payment Protection Program below.
|The American Business Immigration Coalition (ABIC) promotes commonsense immigration reform that advances economic competitiveness, provides American companies with both the high-skilled and low-skilled talent they need, and allows the integration of immigrants into our economy as consumers, workers, entrepreneurs and citizens.|
Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 1 million restaurant and foodservice outlets and a workforce of 15.3 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We sponsor the industry’s largest trade show (National Restaurant Association Show); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF’s ProStart). For more information, visit Restaurant.org and find us on Twitter @WeRRestaurants, Facebook and YouTube.
Founded in 1914, the Illinois Restaurant Association is a non-profit organization dedicated to promoting, protecting, educating and improving the restaurant industry in Illinois. The IRA owns and produces Chicago Gourmet – the annual food and wine festival uniting hundreds of restaurants, chefs and beverage experts for a weekend filled with food and drink tastings, entertainment, cooking demonstrations, book signings, interactive seminars and more. The Association is also a proud co-host of the James Beard Foundation Awards, which will be held in Chicago through 2027.
The Florida Restaurant and Lodging Association (FRLA) is Florida’s premier non-profit hospitality industry trade association. Founded in 1946 as the Florida Restaurant Association, FRLA merged with the Florida Hotel and Motel Association in 2006. FRLA’s more than 10,000 members include independent hoteliers and restaurateurs, household name franchises, theme parks and suppliers. The association’s mission is to protect, educate and promote Florida’s $111.7 billion hospitality industry which represents 1.5 million employees. Dedicated to safeguarding the needs of the membership, FRLA provides legislative advocacy to ensure the voices of its members are heard and their interests are protected.
The National Partnership for New Americans (NPNA) is a national, multiethnic, multiracial partnership of 35 immigrants and refugee rights organizations across 37 states that work to promote citizenship and integration among our diverse immigrant and refugee communities for the benefit of all Americans.