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