Hearing: Paycheck Protection Program: Loan Forgiveness and Other Challenges

Committee on Small Business

Wednesday, June 17, 2020 (1:00 PM)

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Washington, D.C.
The Committee will meet to learn about the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and the issues borrowers and lenders have faced in applying for and using the loans, especially regarding use of proceeds that will qualify borrowers for full loan forgiveness. Members will also have the opportunity to hear about what has generally worked with the program, what has not, the changes Congress has recently made to the program, and suggestions to continue optimizing the program.

Witnesses

Ms. Melissa Kelly
Executive Chef and Proprietor, Primo, Rockland, ME

Added 06/16/2020 at 11:18 AM
  • Witness Statement [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Biography [PDF] Added 06/17/2020 at 04:20 PM

Mr. Eduardo Sosa
Senior Vice President, SBA Lending, Commerce National Bank, West LAke Hills, TX

Added 06/16/2020 at 11:18 AM
  • Witness Statement [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Truth in Testimony [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Biography [PDF] Added 06/17/2020 at 04:20 PM

Ms. Ashley Harrington
Director of Federal Advocacy and Senior Counsel, Center for Responsible Lending, Washington, DC

Added 06/16/2020 at 11:18 AM
  • Witness Statement [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Truth in Testimony [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Biography [PDF] Added 06/17/2020 at 04:20 PM

Dr. Rich Coleman, DVM
Owner, Four Paws Animal Hospital, Lebanon, OH

Added 06/16/2020 at 11:18 AM
  • Witness Statement [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Truth in Testimony [PDF] Added 06/17/2020 at 04:20 PM
  • Witness Biography [PDF] Added 06/17/2020 at 04:20 PM

Hearing Record

  • Hearing Notice [PDF]
  • Hearing: Witness List [PDF] Added 06/16/2020 at 11:18 AM

First Published: June 10, 2020 at 12:05 PM
Last Updated: June 17, 2020 at 04:20 PM