Skip to content

Urge Politicians to Make PPP Loans Deductible

ACTION CALL: Urge Politicians to Make PPP Loans Deductible to Support Small Businesses

The Paycheck Protection Program Flexibility Act of 2020, or PPP, was passed in order to provide small businesses across the United States crucial relief during widespread government shutdowns due to the COVID-19 pandemic. These loans can be forgivable when proceeds are used for payroll, rent, mortgage interest and utilities. Congressional leaders intended for PPP funded expenses to be deductible like other business expenses.

Despite the intent of Congressional leaders, additional legislation is needed to make PPP funds used to pay business expenses deductible. The failure to allow these deductions will have a devastating impact on small businesses struggling to keep their doors open and retain their employees.

Are you a small business owner who thought salary and expenses paid by PPP loans would be deductible? Do you rely on a small business to provide for your livelihood? Are you someone who supports the small business community and wants to see small businesses make it through this pandemic?

We suspect most of you answered yes to one or more of these questions. Accordingly, please contact your Congressional leaders and ask them to sponsor and strongly advocate for legislation that makes salary and other business expenses paid for by a PPP loan deductible!

Fill out the form below to find your representatives and contact them on this important issue.

Archives

Take Action Now!

SBAC Action Calls

SBAC Action Call – The Back to Business Grant Program

By mrevis@sbacil.org | August 20, 2021

Urge Illinois Lawmakers to Allocate Additional Funds to the Back to Business Grant Program Small businesses and local communities have been devastated by the pandemic. Many small businesses are still struggling, and the Delta variant threatens to further hinder their recovery. No more small businesses should fail because of this pandemic. Illinois received over $8.127…

SBAC Action Call – Urge Chicago Aldermen to Cut Unnecessary Red Tape

By mrevis@sbacil.org | June 2, 2021

Urge Chicago Aldermen to Cut Unnecessary Red Tape! Chicago politicians must put small businesses and Chicago’s economic recovery over politics. There has never been a more important time for policymakers to work together to cut unnecessary red tape that hurts small businesses and local communities. Small businesses presently need Chicago’s City Council to approve their…

ACTION CALL: Big Legislation for Small Businesses

By mrevis@sbacil.org | April 5, 2021

Big Legislation for Small Businesses President Biden has signed The American Rescue Plan Act (H.R. 1319) into law.  Accordingly, the State of Illinois is expected to receive over 7.5 billion in funds to foster recovery from the pandemic. A robust coalition of small business advocates are urging lawmakers to pass Senate Bill 1982, which will…

Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts 

By mrevis@sbacil.org | March 17, 2021

Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a fair share of the revenue associated with state contracts. Indeed, the failure of Black…

Scroll To Top