On September 10, Gusto joined the Page 30 Coalition to express concern regarding the proposed rescission of small business debt relief funding allocated under section 1112 of the CARES Act. The small business debt relief program mandates that the Small Business Administration satisfy the loan payments that borrowers owe on 7(a), 504, and Microloan programs in regular servicing status and relieve the borrower of the obligation to pay that amount for six months.
The Coalition urged Congress to oppose efforts to rescind small business funding and work to deploy additional appropriations to initiatives and programs that are proven to help underserved and minority communities.
Read the full letter here:
