Small businesses need more grant funding, loans
Andy Peters’ story, “Small Ga. businesses still struggling to navigate federal relief loans,” Sunday Business, March 28, highlighted the ongoing challenges small businesses face as they try to survive during the pandemic. Small Business Majority’s recent polling found that 10% of Georgia small businesses will permanently close in the next three months, while another 10% will close temporarily without more assistance. While Paycheck Protection Program loans have been critical to sustaining small businesses so far, small business owners will need Congress and Georgia lawmakers to provide more grant funding, as well as long-term recovery loan programs. Without them, even more small businesses will close for good.
RACHEL SHANKLIN, GEORGIA OUTREACH MANAGER, SMALL BUSINESS MAJORITY