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: Bob Hallstrom, Nebraska State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]

LINCOLN, Neb., May 5, 2020—From Bob Hallstrom, NFIB Nebraska 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.

“We are pleased with the teamwork exhibited by Nebraska small businesses and their lenders in accessing PPP loans for much-needed liquidity. Small businesses now need guidance and additional flexibility regarding the forgiveness of these loans as provided by federal law.”

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.”

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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.

NFIB
233 South 13th St., Suite 700
Lincoln, NE 68501-0008
402-474-3570
www.nfib.com/NE
Twitter: @NFIB_NE

 

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