WRIC: With small businesses struggling, Congress negotiating more funding for loans

WRIC, NICK CONIGLIARO

Small businesses forced to close their doors as a result of the coronavirus pandemic are struggling to stay afloat.

So what is being done? 8News reached out to state representative Abigail Spanberger, who says help is on the way.

That’s good news for Amy and Rob Lord, owners of Not Fade Away Gifts and Apparel in Midlothian.

“It’s something that we have poured literally our hearts and soul into bringing into this community, and for us to have to possibly shut our doors over something like this is just really,” Amy Lord said. “It’s heartbreaking.”

The Paycheck Protection Program (PPP) was meant to help small businesses, but the money has since run out. The Lords told 8News their store was left empty-handed because so many businesses needed PPP.

“We know several small business owners, gate workers, self-employed people that we’re all left out to hang, out to dry,” Rob Lord told 8News. “The money’s gone.”

Rep. Spanberger told 8News they’re working on additional small business forgivable loan funding estimated around $250 billion.

“It is vital that our small businesses survive and that they still have doors to open when we get to the end of this crisis, or at least the next step,” Rep. Spanberger said. “So, the next step that we need to take as members of Congress is to vote to provide additional funding to the PPP program so that more small businesses can, in fact, benefit from what is a lifeline for so many.”

According to Spanberger, the primary negotiations for additional funding are underway on the Senate side of Congress. Anyone who may have additional questions surrounding the small business loan program or would like to contact Rep. Spanberger can click here.

Recent Posts


Spanberger, Graves Press for Markup on Bipartisan Bill to Eliminate the WEP & GPO, Provide Long Overdue Fairness to Public Servants

The Bipartisan “Social Security Fairness Act” Now Has 308 Cosponsors — More Than Enough to Guarantee the Legislation Would Pass on the U.S. House Floor WASHINGTON, D.C. — U.S. Representatives Abigail Spanberger (D-VA-07) and Garret Graves (R-LA-06) today urged the U.S. House Ways and Means Committee to take the next step to eliminate the Windfall […]



Feb 29, 2024
Economy & Jobs

Spanberger Statement on Vote to Prevent Government Shutdown, Protect Virginia’s Economy

WASHINGTON, D.C. — U.S. Representative Abigail Spanberger today released the following statement after voting with a bipartisan majority of the U.S. House to pass a short-term, stopgap funding measure — known as a “continuing resolution” — to avoid a shutdown that would damage Virginia’s economy. The legislation includes two staggered deadlines to keep the federal […]



Feb 29, 2024
Press

During Black History Month, Spanberger Introduces Bill to Name Fredericksburg Post Office for Civil Rights Leader, Gladys P. Todd

Gladys P. Todd Was A Revered School Teacher, Voting Rights Advocate, & Community Organizer in Fredericksburg WASHINGTON, D.C. — U.S. Representative Abigail Spanberger today introduced legislation to rename a Fredericksburg post office after Gladys P. Todd, a prominent leader in the Fredericksburg civil rights movement. Located at 1285 Emancipation Highway in Fredericksburg, the post office […]