Seeking Member Feedback on Paycheck Protection Program
Dear WANADA Members,
We are seeking your input on your experience with the Small Business Administration's
Paycheck Protection Program so that we can more effectively advocate for improvements to it.
Clearly, this program has been both extremely popular and also very difficult for many small businesses to access, and we will be using this information to better advocate for improvements in the PPP's administration when Congress hopefully replenishes the fund in the coming weeks.
The Washington Post reported this past weekend that the initial PPP fund is expected to run out this week, so if you have not yet applied for a loan and are planning to, please do so expeditiously. Please contact your pre-existing SBA 7(a) lender for information, or complete the SBA's
Lender Match Tool to find a qualified bank.
We are hopeful that Congress will be adding at least $250 billion to the PPP in the coming weeks, and we look forward to using
your survey responses to help advocate for improvements to the system. If you have any questions, please feel free to contact me or Joe Koch (
jk@wanada.org) at any time.
John O'Donnell
WANADA President and CEO
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