Small business funding platform Biz2Credit announced on Tuesday it will be hosting a forum with Maine senator, Susan Collins, to discuss the Paycheck Protection Program (PPP), which includes the program’s successes and the lessons learned from the program.
The PPP was created through the Keeping American Workers Paid and Employed Act, introduced by Senator Collins and fellow Senators Marco Rubio (R-FL), Ben Cardin (D-MD), and Jeanne Shaheen (D-NH) to stabilize the economy during the COVID-19 pandemic by providing low-interest financing to small businesses and help them keep their employees on payroll. If businesses maintain their pre-COVID staffing levels, these SBA-guaranteed loans can be forgiven. The program closed on June 30th and distributed more than $513 billion to over 4.7 million small and mid-size businesses from Maine to Hawaii. Speaking about the discussion with Collins, Biz2Credit CEO, Rohit Arora, stated:
“We are honored to have Senator Susan Collins agree to join our event to speak to the business owners who have benefitted from this unprecedented government program. This unique online forum featuring Senator Collins and speakers from three leading business service providers gives business owners a chance to hear how the Federal government and private industry are collaborating to support business owners during the COVID-19 pandemic.”
To register for the online forum with Senator Collins on Thursday, July 2, at 11:00 a.m. (EDT) / 8:00 a.m. (PDT), visit the Biz2Credit COVID-19 Webcast Center.