Local Comment on Today’s Small Business Survey Results

Date: May 05, 2020

Good news, but liability, unemployment insurance increases need addressing

FOR IMMEDIATE RELEASE
Contact: Riley Johnson, Montana State Director, [email protected]
or Tony Malandra, Regional Media Manager, [email protected]

HELENA, Mont., May 5, 2020—From Riley Johnson, NFIB Montana state director, on today’s release of the latest survey of NFIB small-business-owning members showing the Paycheck Protection Program (PPP) popular among small businesses, with 77% of owners reporting they have successfully submitted an application and 61% saying they’ve received the funds.

“It’s great to hear that the PPP pipeline is finally unclogging and small-business owners are getting their loans. The next hurdles to leap are for the state and federal government to alleviate liability concerns to encourage more small business re-openings and for the federal government to prepare to assist states with their unemployment trust funds so small businesses aren’t greeted with a tax increase for the program.”

From Holly Wade, NFIB Director of Research & Policy Analysis

“After the second round of funding, many more small businesses were able to apply and receive funding from these federal loan programs. Now, business owners need guidance on how they can spend these funds in order for them to be forgiven.”

Related News

Keep up with the latest on Montana small business at www.nfib.com/MT or by following NFIB on Twitter @NFIB_MT

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For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.

National Federation of Independent Business/Montana
491 South Park Ave.
Helena, MT 59601
406-443-3797
www.nfib.com/montana
Twitter: @NFIB_MT

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