Gusto is pleased to announce the formation of the Small Business Relief Council (SBRC).
Background
The SBRC is an unprecedented cross-industry coalition of 80 organizations representing millions of small businesses across the country. The SBRC spans different components of the small business financial ecosystem and includes the largest banks, fintech companies, payroll companies, accounting firms, and software companies.
The Paycheck Protection Program (PPP) was a landmark government program that required rapid mobilization by multiple industries to best ensure that small businesses were able to survive the pandemic. In responding to PPP, Gusto quickly learned that lenders and payroll companies were interpreting shifting Small Business Administration (SBA) and Department of the Treasury guidance in very different ways and mobilized to create a forum for stakeholders to align and to surface issues to the Small Business Administration (SBA). Gusto developed and leads the consortium, bringing lenders, fintech, payroll providers and accountants together to collaborate on regulatory, operational, and risk issues. While the forum started out small, it quickly spread across the financial industry as the place to openly share comments, concerns, best practices, rumors, and coordinate efforts on PPP.
Through this forum, top 20 financial institutions, professional organizations, including American Institute of Certified Public Accountants (AICPA) and American Bankers Association (ABA), and technology providers worked together to draft recommendations for Congress, the Department of the Treasury, and the SBA to shape the PPP and ensure that small businesses get the aid they need to survive COVID-19. Gusto provided the forum and leadership that allows all parties to speak with a single voice, to coordinate with government agencies in support of small businesses, and helped us all achieve successful outcomes.
Mission Statement
The Small Business Relief Council (SBRC) is a national, non-partisan coalition of financial institutions, payroll firms, CPAs, fintech and other financial industry organizations representing millions of small businesses. The SBRC is dedicated to helping small businesses survive the economic impacts of COVID-19, and to rebuild and thrive in the subsequent recovery. Members raise concerns, best practices, and coordinate efforts on Paycheck Protection Program (PPP) loans and forgiveness, and other critical programs. We share feedback and recommendations to legislators and regulators regarding programs that increase support for small businesses and their employees, and to stimulate the re-hiring of employees.
Council Members
Payroll Firms & Consortiums
Asure Software
ADP
BenefitMall (now acquired by ADP)
Checkwriters
ConnectPay
Gusto
HR Consulting Group
Intuit
iSolved
Kelly Payroll
OnPay
Patriot Software
Paychex
Paycom
Paycor
Paylocity
PayPros
Payroll People
PrimePay
Rippling
telepayroll
Zenefits
Lenders & Lender Groups
ACAP
Bank of America
Blue Ridge Bank
Celtic Bank
Chase
Citibank
Cross River Bank
Imperium Global Advisors
JP Morgan
Kapitus
Live Oak Bank
PNC
Regions
Silicon Valley Bank
TD Bank
US Bank
Webster Bank
Wells Fargo
CDFIs
Community Reinvestment Fund
Opportunity Fund
Pacific Community Ventures
Working Solutions
Other Organizations
GrayRobinson
Invariant
Porterfield, Fettig & Sears LLC
PricewaterhouseCoopers
Prism Group
Rich Feuer Anderson
Smith-Free Group LLC
Thorn Run Partners
Other Financial & Tech Companies
Alignable
Bench Accounting
Equifax
Hello Alice
Imperium Global Advisors
PayPal
FinTech
Alpharank
American Express/Kabbage
Biz2Credit
Bluevine
Customers Bank
Fundbox
Fundera
Funding Circle
GetEvolved
MX
Nerdwallet
Ocrolus
OnDeck
Reliant/Apply4PPP.com
Unqork
Trade Groups
AICPA
American Bankers Association (ABA)
Consumer Bankers Association
Independent Community Bankers Association (ICBA)
Mid-Size Banks Coalition
National Payroll Reporting Consortium (NPRC)
The Payroll Group (TPG)
