PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Coalition Letter to Senate Small Business Committee Leaders: Please take expeditious action on SBA Administrator nomination

By at 15 January, 2021, 1:43 pm

The Honorable Marco Rubio

Chairman

Committee on Small Business & Entrepreneurship

United States Senate

Washington, D.C. 20510

 

The Honorable Ben Cardin

Ranking Member

Committee on Small Business & Entrepreneurship

United States Senate

Washington, D.C.  20510

 

Dear Chairman Rubio and Ranking Member Cardin:

The undersigned small business organizations urge the Senate Committee on Small Business & Entrepreneurship to expeditiously schedule a confirmation hearing for Isabel
Guzman, President-elect Biden’s nominee to serve as the Administrator of the U.S. Small Business Administration (SBA).

We are grateful for the work of this Committee to address the economic suffering on Main Street caused by COVID-19. Passage of the Coronavirus Aid, Relief, and Economic
Security Act (CARES Act) in April provided a lifeline for millions of small businesses over the past ten months. Last month’s enactment of the Economic Aid to Hard-Hit Small Businesses,
Nonprofits, and Venues Act (Economic Aid Act) promises to provide assistance for parts of the economy that need help the most.

Unfortunately, the pandemic continues to wreak havoc on entrepreneurs, their employees, and their communities. 62% of small businesses fear the worst is yet to come.1 Main Street employers and employees are counting on leadership at the SBA to deliver on the commitments Congress made in passing the CARES Act and the Economic Aid Act.

Administrator Carranza’s successor will be expected to deliver on a newly authorized Paycheck Protection Program (PPP), administer increased funding for Economic Injury Disaster
Loans (EIDLs) and grants, prioritize emergency aid for disadvantaged communities, and oversee a new grant program for shuttered venue operators. The aid provided by these critical programs
would benefit from having an SBA Administrator confirmed and actively engaged as part of the President’s Cabinet.

Thank you for considering our views.

 

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