Paycheck Protection Program signed by Trump gives small businesses real relief

Fox Business

RNC Chairwoman Ronna McDaniel

April 3, 2020



"In my hometown here in Michigan, our community is rallying to do all we can to support our neighbors and local businesses during this difficult time. Thanks to President Trump, some more help is on the way.



"President Trump’s first priority has always been the health and wellbeing of Americans. While he and his team are working to mitigate the spread of the coronavirus, he is also working to ensure that our economy can bounce back stronger than ever.



"That means taking care of our nation’s more than 30 million small businesses.

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"Starting Friday, April 3, small businesses will be able to apply for relief under the brand-new Paycheck Protection Program.

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"Under this program, small business owners will be able to apply for up to eight weeks of cash-flow assistance at their local bank or at any one of the Small Business Administration’s approved lenders.



"Critically, as long as the loans go towards things like maintaining all employees’ salaries and keeping the lights on and the doors open, they will be forgiven in full.

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"The more small businesses that can keep their employees on payroll, the easier it will be for them to get back up and running once the economy reopens, putting our country in the strongest possible economic position.

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"As he has demonstrated throughout this crisis and throughout his presidency, President Trump is committed to fighting for them along with every single American..."



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