NAR Statement to House Small Business Committee Regarding Paycheck Protection Program Hearing

Issue Date: June 17, 2020


116th Congress

House Committee on Small Business

NAR’s membership is comprised of many small business owners and independent contractors, and small businesses make up a large portion of NAR’s commercial practitioner clientele. The small business provisions in the CARES Act – specifically, the Paycheck Protection Program and the Economic Injury Disaster Loan Advance Grants – have provided crucial assistance to small businesses and independent contractors to help them through these difficult times. Now, attention must be turned to ensuring that those same small businesses and independent contractors are able to use PPP loans in a way that allows their businesses to eventually reopen, and to have eligible loans forgiven without going through an arduous forgiveness process.