Removing Barriers Blog

Action Alert & Email to the Hill: Congress needs to fund the PPP
Posted April 17, 2020 by CUNA Advocacy

The Small Business Administration's (SBA) Paycheck Protection Program (PPP) ran out of money on Thursday.  CUNA issued an action alert Friday for credit unions to contact policymakers to share the importance of the PPP funds and how additional funds will help credit unions continue their service during the pandemic.  In addition to the Action Alert, CUNA wrote to all 535 Congressional offices urging action to re-fund the program.

Designed to help small businesses meet payroll and other costs as they are impacted by the COVID-19 outbreak, the PPP was funded at $349 billion by the CARES Act.

Email to the Hill

Good morning,

Last month, Congress invested in our economy by enacting the Paycheck Protection Program (PPP) to protect the livelihood of nearly half the American workforce.
 
America's credit unions have been hard at work to connect small businesses with these critical loans, but we all know the funds have now been depleted and the need remains significant. 
 
Please work swiftly to support small business employees by providing additional funds for the PPP so they can continue to support their families through this unprecedented crisis. 

Respectfully, 
Ryan Donovan

Action AlertContinue Funding the Paycheck Protection Program

America's credit unions have been hard at work connecting small businesses with Paycheck Protection Program loans, but the funds have now been depleted and the need remains significant. Tell Congress to replenish the Paycheck Protection Program fund.