Queens congresswoman joins SBA reps to answer questions on business loans
Congresswoman Carolyn Maloney and representatives from the Small Business Administration held a Q&A panel to answer questions about the Paycheck Protection Program, applying for loans for small businesses and potential funding for needs around the city.
Maloney is pushing for the Pandemic Reinsurance Act to set precedents for how to handle such far-reaching shutdowns like the one caused by the COVID-19 pandemic. In future pandemics, businesses should not have to scramble for funding like they have had to with this crisis, Maloney said. “We have to plan something to consider for the future,” Maloney said.