PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Capital and Credit Watch

June 3rd, 2020 by

NEWS For Immediate Release Washington, D.C.- Today, the U.S. Senate passed the “Paycheck Protection Flexibility Act,” H.R. 7010. Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement on the legislation’s passage, which makes key changes to the Paycheck Protection Program (PPP): “We are pleased the Senate acted quickly on H.R. […]

May 28th, 2020 by

NEWS For Immediate Release Washington, D.C.- Today, the U.S. House passed the “Paycheck Protection Flexibility Act,” H.R. 7010. Small Business & Entrepreneurship Council president & CEO Karen Kerrigan issued the following statement on the legislation’s passage, which makes key fixes to the Paycheck Protection Program (PPP): “There are many important improvements and updates to PPP […]

May 28th, 2020 by

NEWS For Immediate Release Washington, D.C. – Today, the U.S. House is expected to vote on changes to the Paycheck Protection Program (PPP) in legislation introduced by U.S. Representatives Chip Roy (R-TX) and Dean Phillips (D-MN). While the original legislation, the “Paycheck Protection Flexibility Act,” included the repeal of the arbitrary 75-25 ratio for determining […]

May 27th, 2020 by

Karen Kerrigan, President & CEO of Small Business & Entrepreneurship Council talks with host Vince Molinari about how small businesses are getting back to business in this COVID economy. Kerrigan and Molinari discussed the state of small businesses, the latest on the PPP loan program and needed reforms, and temporary relief provided by the Securities […]

May 22nd, 2020 by

May 22, 2020 1:00 p.m. ET Recently, the Securities and Exchange Commission issued temporary relief from certain provisions of Regulation Crowdfunding. Small businesses can now more quickly and easily conduct public fundraising to access the capital they need during the COVID-19 pandemic. NextSeed Co-Founder and CEO, Youngro Lee, will be hosting a webinar with guest […]

May 21st, 2020 by

By Sherwood Neiss- A new report released today by Crowdfund Capital Advisors summarizes 4 years of data since Regulation Crowdfunding (Reg CF) started.  Key findings include: ● Almost 1,500 companies in 49 states plus Washington, D.C. and Puerto Rico have raised over $367 million online. ● Average success rate for companies seeking money online was 60%; […]

May 19th, 2020 by

UPDATED May 23, 2020 by Karen Kerrigan- New on May 22: Interim Final Rules on Loan Forgiveness The rules cover what is forgivable under PPP, the forgiveness process, and other procedures in a Q&A format. New on May 22: SBA Loan Review Procedures and Related Borrower and Lender Responsibilities. The rules, provided in a Q&A […]

May 13th, 2020 by

In a May 13 Morning Consult Op-ed, SBE Council president & CEO Karen Kerrigan covers key changes to the Paycheck Protection Program (PPP) to make it more effective for small businesses and enable them to maintain the jobs that are critical to so many local economies. As she noted in the piece: PPP needs to […]

May 11th, 2020 by

The Honorable Jovita Carranza Administrator U.S. Small Business Administration 409 3rd Street SW Washington, D.C.  20416   Dear Administrator Carranza: On behalf of the Small Business & Entrepreneurship Council (SBE Council) and our nationwide membership of entrepreneurs and small businesses, thank you for your tireless work in assisting small businesses with their unprecedented challenges as […]

May 9th, 2020 by

NEWS For Immediate Release Washington, D.C. – On May 8, the Small Business Administration’s (SBA’s) inspector general noted key areas in a “Flash Report” where the agency’s implementation of the Paycheck Protection Program (PPP) does not align with the CARES Act.  Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the […]

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