Davids Successfully Advocates for Extension on Small Business Loan Repayments
One week after Representative Sharice Davids introduced bipartisan legislation to extend the deadline for small businesses to repay COVID-19 disaster loans, the U.S. Small Business Administration (SBA) announced they will extend the deadline until 2022.
Davids applauded the decision by the SBA to delay loan repayments, which will provide additional relief for businesses as the COVID-19 pandemic remains ongoing.
“For the past year, the coronavirus pandemic has devastated our communities and put the futures of our small businesses at risk. Even with the vaccine rollout speeding up, the pandemic is far from over, and our small businesses need all the help they can get to make it through. I'm glad the SBA listened to our calls to extend the loan repayment deadline for our small business owners, giving them some much needed breathing room," said Representative Davids.
Davids’ bill, The Economic Injury Disaster Loan Relief Act, was introduced with Congresswoman María Elvira Salazar (R-FL-27).