SBA loan program fix in the works

May 20, 2020


Land Line Now, May 20, 2020.

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Many small businesses say an SBA loan program, the Paycheck Protection Program, needs to be more flexible. Action to fix that is now underway in Congress.

small business loan SBA loan

I. Today’s news with Terry Scruton

OOIDA says AB 5 could be “fatal” for small trucking companies; the FMCSA says compliance reviews will continue under COVID-19; and Canadian coffee keeps carriers caffeinated – it’s today’s news in trucking.

II. What tools should you have with you?

Being out on the road and away from any kind of home base, most truckers have to have some ability to deal with basic maintenance items that can come up. And that means having the right tools.

III. Produce continues helping freight, rates

Boosted by produce, freight and rates continue the long, slow climb out of the abyss.

IV. Fixing SBA loan programs to help small business

The Paycheck Protection Program was intended to help small businesses stay afloat and keep their employees on the payroll. However, many small businesses, including trucking operations, say it needs to be more flexible to be effective. We’ll examine an effort to make that happen.

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