Legislators Call On SBA to Issue Economic Emergency Loans and Grants to Small Businesses
WASHINGTON—U.S. Senator Chris Murphy (D-Conn.) joined a letter led by U.S. Senator Ron Wyden (D-Ore.), along with 17 colleagues, in calling on the Small Business Administration (SBA) to ensure small businesses receive Economic Injury Disaster Loans (EIDLs) associated with the COVID-19 crisis and the new Emergency Economic Injury Grants (EEIGs) within three days of application as mandated by Congress. The senators' letter to SBA Administrator Jovita Carranza follows reports that small businesses across the country are not receiving EEIG advances, despite the fact that they are eligible entities and have taken the necessary steps of applying for an EIDL and requesting an EEIG. "Small businesses across the country are counting on this federally-mandated relief, and it is imperative that the SBA ensure they…