Coalition Letter of Support for Paycheck Protection Program (PPP) Extension Act of 2021

Monday, March 15, 2021 - 10:00am

March 15, 2021

 

The Honorable Ben Cardin                                        The Honorable Susan Collins

Chair, Senate Small Business Committee                  U.S. Senate

Washington, DC 20510                                              Washington, DC 20510

 

The Honorable Jeanne Shaheen                                 The Honorable Carolyn Bourdeaux                                                 

U.S. House of Representatives                                   U.S. Senate

Washington, DC 20510                                              Washington, DC 20515

 

The Honorable Nydia Velazquez                               The Honorable Blaine Luetkemeyer

Chair                                                                           Ranking Member

House Small Business Committee                             House Small Business Committee

Washington, DC 20515                                              Washington, DC 20515

 

The Honorable Young Kim

U.S. House of Representatives

Washington, DC 20515

 

Dear Senators Cardin, Collins and Shaheen and Representatives Velazquez, Luetkemeyer, Bourdeaux and Kim:

 

The undersigned organizations are writing to thank you for your bicameral leadership and swift bipartisan action to provide relief to America’s small businesses through this economic emergency.  We strongly support the PPP Extension Act of 2021, which will extend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) application period beyond the March 31, 2021 sunset date.

 

While we realize the Small Business Administration (SBA) is under tremendous time constraints and is struggling with internal resource issues, our members are highly concerned by the lack of progress on major Paycheck Protection Program (PPP) processing issues, including hold/error codes and application rejections due to Taxpayer Identification Number (“TIN”) issues or mismatches, in addition to many unresolved technical problems with the current PPP process.  These delays and denials may put many applicants in danger of not making the March 31st authorization deadline.

 

Nearly one year into the COVID-19 pandemic, the continued liquidity challenges of the small business sector are acute, especially for those business limited by dramatic capacity restrictions and other critical health and safety protocols in place to protect the public, consumers and workers from COVID-19.  Thank you for extending the window of opportunity for pandemic programs to effectively impact the affected small business sector, especially those traditionally under-invested and underserved groups which must also be given the chance to succeed.

 

We stand ready to work with you during this critical moment, and thank you for considering our views.

 

Sincerely,

 

Accessories Council (AC)

AICC, The Independent Packaging Association American Apparel & Footwear Association (AAFA) American Bankers Association

American Beverage Licensees

American Council of Engineering Companies

American Dental Association American Farm Bureau Federation American Hotel & Lodging Association American Lighting Association American Mold Builders Association American Rental Association

American Society of Travel Advisors American Subcontractors Association American Supply Association

AMT - The Association For Manufacturing Technology

Asian American Hotel Owners Association Associated Builders and Contractors Associated General Contractors of America Association of the Wall and Ceiling Industry Auto Care Association

Bank Policy Institute

Brea Chamber of Commerce

Building Owners and Managers Association (BOMA) International

Chemical Fabrics & Film Association (CFFA) Coalition of Franchisee Associations Consumer Bankers Association

Council of Fashion Designers of America (CFDA) Economic Innovation Group

Electronics Representatives Association

Energy Marketers of America

Foodservice Consultants Society International  - The Americas

Foodservice Equipment Distributors Association

Franchise Business Services

Global Business Travel Association

Global Cold Chain Alliance

Golf Course Superintendents Association of America

Independent Electrical Contractors International Council of Shopping Centers International Franchise Association

ISSA – The Worldwide Cleaning Industry Association Korean American Chamber of Commerce of Orange County La Habra Chamber of Commerce

National Association of Development Companies (NADCO)

National Association of Government Guaranteed Lenders (NAGGL) National Association of Home Builders

National Association of Professional Insurance Agents National Association of the Remodeling Industry National Association of Theatre Owners

National Association of Trailer Manufacturers

National Association of Women Business Owners (NAWBO) National Automatic Merchandising Association (NAMA) National Community Pharmacists Association

National Cotton Council

National Council of Chain Restaurants

National Electrical Contractors Association

National Electrical Manufacturers Representatives Association (NEMRA) National Federation of Independent Business (NFIB)

National Fisheries Institute

National Franchisee Association

National Independent Venue Association National Ready Mixed Concrete Association National Restaurant Association

National Retail Federation

National Roofing Contractors Association National RV Dealers Association (RVDA) National Small Business Association

National Tooling and Machining Association

North American Association of Food Equipment Manufacturers (NAFEM) North American Die Casting Association

Orange County Business Council

Pet Industry Distributors Association Precision Machined Products Association Precision Metalforming Association

Promotional Products Association International (PPAI) San Gabriel Valley Economic Partnership

Secondary Materials and Recycled Textiles Association

Service Station Dealers of America and Allied Trades (SSDA-AT) Small Business Council of America

Small Business & Entrepreneurship Council

Small Business Legislative Council

Small Business Majority

Specialty Equipment Market Association

Specialty Tools & Fasteners Distributors Association (STAFDA) SPRI

Tile Roofing Industry Alliance Tire Industry Association (TIA) The Real Estate Roundtable Travel Goods Association (TGA)

United States Hispanic Chamber of Commerce

United Veterinary Services Association

U.S. Chamber of Commerce

U.S. Travel Association

Yorba Linda Chamber of Commerce

cc:  U.S. Congress