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Cares Act Statement from SBA Administrator Jovita Carranza

Release Date: 
Friday, March 27, 2020
Release Number: 
20-28
Contact: 
Press_Office@sba.gov, (202)-205-7036

WASHINGTON - Upon President Trump signing the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, SBA Administrator Jovita Carranza issued the following statement: 

“President Trump acted swiftly and in a bipartisan manner to support our nation’s 30 million small businesses, which employ nearly half of the nation’s workforce. Under the CARES Act, the President took historic action, making available hundreds of billions of dollars in an expedited manner to provide immediate financial relief for small business owners across the country.

“Our small businesses are the economic engines of their communities, and the SBA is ready to provide them with the support they need to remain open and keep their workers employed. With our whole-of-government approach led by the President, we are providing small businesses with the resources they need to get them through this unprecedented time.” 

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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov