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Biden faces backlash over small business rescue overhaul – POLITICO

The backlash is the latest in a series of controversies around the SBA’s handling of the program.



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“These businesses have been neglected for nearly a year,” House Small Business Chair Nydia Velázquez (D-N.Y.) told POLITICO. “I committed to working with the Biden administration to spread these benefits to as many of these sole proprietors as possible, not just those submitting new applications.”
According to data from the House Small Business Committee, more than 2.6 million sole proprietors, independent contractors and self-employed individuals have already been approved for PPP loans.
The backlash…

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