Carter Calls for More Small Business Funding
(Round Rock, TX) – Representative John Carter (TX-31) released the following statement calling for more funding for the Paycheck Protection Program (PPP).
“Over the last week, my office and I have spoken to over 700 small business owners about the Paycheck Protection Program, and it’s increasingly obvious the program will need additional funding to continue helping as many small businesses as possible through this hard time. As a member of the Appropriations Committee, I wholeheartedly support efforts to increase funding for PPP loans, and I call on my colleagues to avoid partisan games or unnecessary delays in getting this funding into the hands of business owners. Small businesses are truly the backbone of our economy, and I’m committed to doing whatever is necessary to help them survive.”
Congress approved $350 billion to keep small businesses solvent in the CARES Act. The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. For more information, visit Representative Carter’s website.
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