SBA Stops Accepting Loan Applications for Small Businesses

Source: Office of Salud Carbajal

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.

Background:

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:

  • $250 billion in assistance to small businesses, with $125 billion channeled through community-based financial institutions that serve farmers, family, women, minority and veteran-owned small businesses and nonprofits in rural, tribal, suburban and urban communities across our country, and improvements to ensure all eligible small businesses can access this critical funding and are not turned away by banks; 
  • $100 billion for hospitals, community health centers and health systems, providing desperately needed resources to the frontlines of this crisis, including production and distribution of national rapid testing and Personal Protective Equipment (PPE); $150 billion for state and local governments to manage this crisis and mitigate lost revenue, doubling down on the investment secured in the CARES Act;
  • Strong additional support for families with a 15 percent increase to the maximum SNAP benefit to help put food on the table.

 

Rep. Salud Carbajal represents California’s 24th Congressional District, encompassing all of Santa Barbara and San Luis Obispo counties, and part of Ventura County. 

Avatar

Written by Anonymous

What do you think?

Comments

0 Comments deleted by Administrator

Leave a Review or Comment

5 Comments

  1. I also operate a small business in Santa Barbara and applied for an EIDL on the very first day the portal was open, got a confirmation number but haven’t heard anything. I am hoping Congress will put more money into the fund soon but to hear that it is being delayed because Democrats are trying to add things like same-day voter registration, which has NOTHING TO DO with COVID-19, is extremely frustrating. Please put politics aside and help small businesses survive.

  2. Glad we have some sensible people who can read between the lines. Sustaining poverty is the best way to keep people upset and to promote “vote harvesting’ like the last election. I say this as a lifelong Dem who has lost their party to even support. The money must trickle down to the actual worker and not to the unemployed who never worked in this system. They have other sources as do hospitals. Heard about medical groups of rich doctors getting multi-millions when an average worker hears nothing from EDD and from banks. Large loans going to special groups. And finally, governments always use funds to boost underfunded retirement backlogs of revenue. Watch memory loss. Recall that list of top ten City Employees-this is a different problem than COVID 19– it is BS 2020. Funding “politics” and not illness (already happening) and payroll deficits directly to owners only perpetuates different values.
    This is now “socialism” –do we like it? Lines, rationing , social shunning , and entrapment of the active elderly very distressing. Labels of groups. God help us if we cough. We wear masks, bandits don’t–used to think hearing voices was mental illness, now it is NOT hearing real voices. Thank God for Edhat.

  3. This PR nonsense from Carbajal’s office is ludicrous. It’s his party that is blocking funding for small businesses by insisting on including extraneous items in the bill. That is the reason why the bill is delayed. Number 2 & 3 of the above mentioned provisions his party wants could be negotiated in a separate bill, so this existential aid is not delayed for the mom and pop businesses in America.

  4. Also, someone should explain why half of SBA funds should be directed to minority or politically correct groups. A white business owner (or anyone for that matter), who is going to lose his business because of this virus, is just as deserving of govt largess as anybody else. Stop the foolish identity politics, now is not the time to play games when people are on the verge of losing their livelihood.

Stuck Hikers Rescued from Tangerine Falls

Smoke Showing from County Jail