Wisconsin Attorney General Josh Kaul and 24 other state attorneys general sent a letter to Congressional leadership calling for key changes to the SBA Paycheck Protection Program (PPP). While agreeing that the program is helping some small businesses, the coalition expressed concerns the program suffered from a lack of transparency, technical savvy, and functionality.
“While the Paycheck Protection Program has allowed many small businesses to get greatly needed loans, Congress must make more funding available to help save small businesses and it needs to improve the program to ensure that loans are targeted to small business and equitably and transparently distributed. Access to PPP loans should be based on which businesses truly need them, not who has the best connections,” said Kaul in a press release on May 6.
The coalition is asking Congress to increase fair access funding for small businesses, ensure equitable distribution, better communications and transparency, and more flexibility and technical support.
Read AG Kaul's press release.
Read the coalition's letter to Congressional leadership.