CRL Statement in Advance of Today’s Press Conference with Congresswoman Houlahan on PPP Loan Forgiveness
WASHINGTON, D.C. – Today at 10:45 am ET at the House Triangle, and live-streamed on the Center for Responsible Lending’s Facebook page, Congresswoman Chrissy Houlahan (D-PA) and affected small business owners will call attention to the financial devastation more than 300,000 American small businesses are now facing due to unforgiven PPP loans totaling more than $3.7 billion, and to demand that the U.S. Small Business Administration (SBA) act immediately to rescind the “Good Faith Error” rule, which currently prevents lenders from forgiving the loans. Center for Responsible Lending Researcher