Sen. Menendez Introduces Bipartisan Bill to Automatically Forgive Small Business Loans Up to $150,000
July 01, 2020
July 01, 2020
WASHINGTON, July 1 -- Sen. Robert Menendez, D-New Jersey, issued the following news release:
U.S. Senator Bob Menendez introduced bipartisan legislation to require that all Paycheck Protection Program (PPP) small business loans of $150,000 or less to be automatically forgiven. According to the Center for Responsible Learning (CRL), over 85% of PPP loans were for amounts of less than $150,000, and on average, these small businesses have 19 or fewer employees.
"Stru . . .
U.S. Senator Bob Menendez introduced bipartisan legislation to require that all Paycheck Protection Program (PPP) small business loans of $150,000 or less to be automatically forgiven. According to the Center for Responsible Learning (CRL), over 85% of PPP loans were for amounts of less than $150,000, and on average, these small businesses have 19 or fewer employees.
"Stru . . .