River Cities’ Reader:ABA Says Adding Funds to Small-Business Administration Program is Not Enough
The American Bus Association (ABA) Says Adding Funds to Small-Business Administration Program is Not Enough
River Cities' Reader
April 24, 2020
“As we expected the original money earmarked for the SBA's Paycheck Protection Program ran out quickly and the government has to replenish it to help small businesses,” said Pantuso. “We support this legislation and every bit the government does to help businesses stay afloat during these dark times. However, we also know that whatever money was put in to replenish has already been spent as the program was over-subscribed with small businesses in desperate need of help. Unfortunately, adding more money to this program still does not help the private motorcoach industry or all of the group-travel industry. The motorcoach industry needs $15 billion in grants and loans to ensure that our 3,000 independent, family owned businesses survive this pandemic until Americans can travel again.”
