U.S. Relief Package Needs to Do More to Address Small Business Costs: Travel Industry Groups
Photo Credit: U.S. travel industry groups called on Congress Thursday to adjust the Paycheck Protection Program and get more money to struggling small businesses. Wikimedia / Scrumshus
Skift Take
If Congress doesn't address small business debt service obligations, employees run the risk of losing jobs and the company behind them.
The U.S. travel industry wants the Paycheck Protection Program component of the $2 trillion coronavirus relief package to reflect the monthly reality of small business expenses.
Industry groups like the U.S. Travel Association and the American Hotel & Lodging Association sent a letter to U.S. House and Senate leadership earlier this month outlining why they felt PPP in its current form doesn’t do enough to help small travel businesses. The industry collective wants the program extended to the end of 2020, an increase to borrowing limits, expansion on what expenses loans can cover, and to discourage unaffected businesses from applying.
The organizations doubled down on the claim during a Thursday press conference, emphasizing changes were needed to keep businesses
