From Main Street to Washington D.C., the Page 30 Coalition advocates for millions of overlooked and underserved small business owners.
LATEST: Letter to Congress on Small Business Debt Relief Program (Sec 1112 Payments)
On behalf of the undersigned signatories representing thousands of local, state, and national organizations, we write to you today to express our organizations' concern for the proposed rescission of small business debt relief funding allocated under section 1112 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The small business debt relief program mandates the Small Business Administration (SBA) to satisfy the loan payments that borrowers owe on 7(a), 504, and Microloan programs in a regular servicing status and relieve the borrower of the obligation to pay that amount for six months.
Second Letter to Congress on Forthcoming COVID-19 Legislative Package
Last month, the Page 30 Coalition sent a letter to Congress regarding the forthcoming economic relief stimulus package. While we support the long-term, low-cost loan program envisioned in the Continuing Small Business Recovery and Paycheck Protection Program Act, such proposals are not sufficient to combat the ongoing financial devastation in underserved markets. Any expansion of loan programs, including PPP or the proposed recovery sector loans, must be paired with intentional legislation that focuses on underserved communities.
The Reviving the Economy Sustainably Towards a Recovery in Twenty-twenty (RESTART) Act
"Page 30 Coalition writes to you in strong support and endorsement of S.3814 the Reviving the Economy Sustainably Towards a Recovery in Twenty-twenty (RESTART) Act. We believe this critical proposal would provide long-term support for the millions of small businesses impacted by the Coronavirus pandemic and the subsequent economic downturn. To put it succinctly, the RESTART Act would deliver continued and targeted federal relief to small business owners and entrepreneurs in underserved and overlooked communities."
Community Advantage Pilot Program (Community Advantage Recovery Loans)
"The Page 30 Coalition appreciates the opportunity to submit comments on the notice and request for comments regarding the Small Business Administration’s (SBA) new Community Advantage Recovery Loan (CARL) program. We believe this new initiative would help community lenders and at-risk small businesses survive the current economic recession caused by the coronavirus pandemic."
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