Cole Statement on Additional Funding for Paycheck Protection Program
Norman, OK – Congressman Tom Cole (OK-04) released the following statement in response to proposed additional funding for the Paycheck Protection Program. Established by the CARES Act, this program allows small businesses to receive forgivable SBA loans to support pay for and prevent layoffs of their employees during the COVID-19 pandemic.
“As Americans hunker down in their homes and wait for this coronavirus crisis to pass, many families and businesses are struggling to stay afloat. Small businesses and their dedicated workers are some of the hardest hit and by no fault of their own. While I am encouraged that the Paycheck Protection Program will provide some desperately needed help for small businesses trying to maintain their workforce, it is critical that Congress and the Trump Administration ensure the program remains fully funded and able to deliver the promised aid to those who need it.”