REP LIEU INTRODUCES BILL TO HELP BUSINESSES KEEP EMPLOYEES AND CUSTOMERS SAFE DURING PANDEMIC
The Small Business Council of America (SBCA) Chair, Paula Calimafde:
“The SBCA is proud to stand in support of this bill. Allowing businesses to use EIDL loan funds to purchase the equipment necessary to protect their employees and customers and prevent the spread of COVID-19 is common sense. This move will be particularly impactful for small businesses and their employees given the very limited resources and revenue that many small businesses are trying to operate with during these difficult times.”
Small Business for America’s Future:
"The EIDL is a crucial lifeline for small businesses owners hoping to make it through and we fully support Rep. Ted W. Lieu's common sense request that the Small Business Administration allow EIDL loan recipients to count expenses for COVID-19 safety compliance as working capital expenditures under the program. To do their part to contain the virus, small businesses must create a safe workspace for their employees and their customers and they must be able to use their EIDL loans for the associated costs. Expenses for small business owners are piling up at a time when revenue is down, and they need all the help they can get to survive. A recent Small Business for America's Future survey shows that 56% of small business owners have spent money to reopen safely and 58% have new debt related to the crisis. Let's help them shoulder the financial burden associated with opening safely. Doing so will help us all. After all, the health of our economy depends on the health of our small business sector, which employs half the country's private sector workers."