A common concern I hear from #MI08 businesses: they’re eager and grateful for PPP loans, but worried because the program forces them to spend the money very quickly — within 8 weeks — and that doesn’t work since most businesses haven't reopened.
Our businesses need more time.
Our businesses need more time.
In the HEROES Act, we extended the time businesses have to use PPP funds from 8 to 24 weeks, and added flexibility so they can use the funds in the ways they need.
That’s good for entrepreneurs, for workers, and for downtowns across Michigan.
That’s good for entrepreneurs, for workers, and for downtowns across Michigan.
I disagreed with some provisions in the HEROES Act. But it included items like PPP improvements that deserve bipartisan support.
I hope the Senate will quickly come to the table so we can find common ground, negotiate, and get small businesses the help they need.
I hope the Senate will quickly come to the table so we can find common ground, negotiate, and get small businesses the help they need.
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