<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1018706268302959&amp;ev=PageView&amp;noscript=1">
Knowledge • News • Insights
In Partnership With

Update on Senate Small Business Relief Bill

Michigan Business Beat
March 20, 2020 9:00 AM

NSBA_logoTodd McCracken joins Chris Holman to discuss issues that businesses are facing on a National level. Todd currently serves as president of National Small Business Association (NSBA), directing all activities of the advocacy-oriented association.

As a non-partisan organization, NSBA works proactively with elected and administration officials to promote policies that support small business growth and development. NSBA is the nation’s oldest small business organization. It was founded in 1937.

Listen to full interview below

NSBA is urging the Senate to quickly take up the RESCUE Business
Act upon its formal introduction, and approve its creation of a COVID-specific lending program with far-reaching relief, specifically:

  • Provide approximately $300 Billion in loan subsidy at a 100 percent guarantee rate for economic impact loans;
  • Institute zero fees on borrowers and lenders through the program, and borrowers would make no payments for one full year; and
  • Provide payroll forgiveness for March 1 – June 30 on borrowers that don’t lay off any employees for all amounts used to meet payroll.

More details here: https://nsba.biz/new-details-on-senate-small-business-relief

Michigan Business Beat, hosted by Chris Holman, discusses economic development, new or unusual entrepreneurial initiatives, and successful business practices from different regions and industries around Michigan with a wide range of entrepreneurs and business leaders.

8:00 AM every Monday through Friday
Replay: 8:00 AM, 2:00 PM, 8:00 PM, 2:00 AM The music for 'Michigan Business Beat' is graciously shared use of Phil Denny's "Traffic Jam" off his 2012 CD 'Crossover'

Connect on: