“She would like to see further sources invested into the SBA’s Economic Injury Disaster Loan program that provides grants and direct loans to affected small companies as was accomplished with previous assistance packages. We have to deploy all these instruments to help our small companies weather this crisis,” mentioned the spokesperson. GAO has argued that using consequence-based program efficiency measures would better enable the SBA to find out the impact of its packages on participating small businesses. Given congressional interest in job creation, this report examines the potential consequences of adding net job creation as an outcome-based mostly SBA program performance measure. Congressional curiosity in these packages has elevated lately, primarily because they’re viewed as a means to stimulate financial exercise and create jobs.
Loan forgiveness is out there for PPP loans if the business follows specific mortgage forgiveness guidelines from the SBA. The Association was waiting for clear steering … Read More