Home » Business » Trump says SBA during coronavirus has processed $4.6B+ in small business loans, saving 50M jobs
Trump says SBA during coronavirus has processed $4.6B+ in small business loans, saving 50M jobs
Trump: Small businesses are now safely reopening
President Trump says the U.S. is making thousands of ventilators a week, argues the $670+ billion he approved for the Paycheck Protection Program has been a huge success for small businesses and how they have processed more than $4.6 billion in small-business loans. He also discusses how the V-shaped economic recovery might be more of an ‘I-shape’ recovery.
In a roundtable with small business leaders Thursday, President Trump announced the Small Business Administration has processed more than $4.6 billion in SBA Loans, saving an estimated 50 million American jobs.
Continue Reading Below
HOUSE DEMOCRATS ACCUSE SBA OF ILLEGALLY BLOCKING OVERSIGHT OF LENDING PROGRAMS
Trump touted the more than $670 billion he approved for the Paycheck Protection Progam, which he called a "huge success for small business."
"We're here to help businesses and to help people," Trump added. "The small business owners that we have with us this afternoon all received the PPP loans and now their businesses are on the road to recovery and they're doing really well."