Sen. Reed: PPP Isn't Serving Restaurants & Hospitality Industry Well & Must Be Revamped to Increase Flexibility & Transparency
May 26, 2020
May 26, 2020
WASHINGTON, May 26 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
With hundreds of thousands of restaurants and other small businesses hanging on by a thread, U.S. Senator Jack Reed is calling on the U.S. Senate to take swift action to fix the Paycheck Protection Program (PPP). Senator Reed says Congress must extend the amount of time small businesses have to spend PPP loans from 8 weeks to at least 24 weeks, while also increasing the repayment period from 2 y . . .
With hundreds of thousands of restaurants and other small businesses hanging on by a thread, U.S. Senator Jack Reed is calling on the U.S. Senate to take swift action to fix the Paycheck Protection Program (PPP). Senator Reed says Congress must extend the amount of time small businesses have to spend PPP loans from 8 weeks to at least 24 weeks, while also increasing the repayment period from 2 y . . .