Sens. Wyden, Cardin Urge SBA to Ensure Equal Access to Paycheck Protection Program for ESOP-owned Small Businesses
April 09, 2020
April 09, 2020
WASHINGTON, April 9 -- Sen. Ron Wyden, D-Oregon, issued the following news release:
U.S. Sens. Ron Wyden, D-Ore., and Ben Cardin, D-Md., called on the Small Business Administration (SBA) to resolve uncertainty regarding employee stock ownership plans (ESOPs) and make clear to banks and other lenders that ESOP-owned small businesses qualify for the new Paycheck Protection Program (PPP).
The senators' letter to SBA Administrator Jovita Carranza follows reports of eligible . . .
U.S. Sens. Ron Wyden, D-Ore., and Ben Cardin, D-Md., called on the Small Business Administration (SBA) to resolve uncertainty regarding employee stock ownership plans (ESOPs) and make clear to banks and other lenders that ESOP-owned small businesses qualify for the new Paycheck Protection Program (PPP).
The senators' letter to SBA Administrator Jovita Carranza follows reports of eligible . . .