Federal Funding Cap for Small Businesses Reached - Urge Elected Officials to Replenish Funds

Apr 16, 2020

The $349 billion cap for small business loans was officially reached last night, after less than two weeks. That’s how urgent these funds are for small businesses, yet they are now unable to apply for Economic Injury Disaster Loans and the Paycheck Protection Program.

We have been communicating to our Congressional delegation how important these programs are and urging them to replenish the funds. Many businesses are relying on these programs to simply survive.

We encourage businesses to echo support of these programs to federal elected officials by contacting them at the links below:

Iowa’s U.S. Representatives (Map of Districts)

Iowa’s U.S. Senators:

Senator Joni Ernst

Category: COVID-19

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