NDBA Joins State Bankers Associations In Urging Congress to Increase PPP Funding

Posted: Apr 16 2020

NDBA joined the 51 state bankers associations in a letter to House and Senate leaders urging them to quickly increase funding for the Small Business Administration’s Paycheck Protection Program. Program funding is projected to be exhausted as soon as this morning.

“In just under two weeks, the PPP has provided an economic lifeline to over one million small businesses across the country, and has allowed these small businesses to remain viable—and maintain their workforces—during the COVID-19 pandemic,” the groups wrote. “We urge quick congressional action so banks can continue to distribute these desperately needed funds to small businesses, which form the economic core of our communities.”

To view the letter visit: https://www.aba.com/advocacy/policy-analysis/sba-letter-to-house-and-senate-leadership-ppp-reauthorization