Torres Small Calls for PPP Improvements As New Mexico’s Small Businesses Continue to Seek Relief

July 16, 2020
Press Release

Las Cruces, NM –This week, Rep. Xochitl Torres Small (NM-02) led a bipartisan effort with Representatives John Katko (NY-24), Abigail D. Spanberger (VA-07), and Elise M. Stefanik (NY-21), calling on U.S. Treasury and the Small Business Administration (SBA) to ensure full access to the Paycheck Protection Program (PPP) by allowing small businesses the opportunity and flexibility to seek loan increases if eligible.   

“New Mexico’s small businesses are reeling. As they fight the economic impact of COVID-19 by finding creative ways to safely serve our communities, I’m fighting to support their efforts. That’s why I’m calling on the U.S. Treasury and the SBA to allow PPP loan recipients to increase their loans while funding remains available. This federal support has often served as the last line of defense for many of our small businesses – SBA must have our small businesses’ backs by providing full access to the loans we fought to secure,” said Torres Small.

This follows Torres Small’s continued efforts to improve SBA relief programs for New Mexico’s small businesses:

Find the letter text here.

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