Small Business Programs Help Our Economy
The purpose of the Small Business Extension Act is to make sure that the services provided by the Small Business Administration are not interrupted to the small business community that benefits from those programs.
Small businesses in this country make up, by definition, 99% of the businesses that exist (that means they have fewer than 500 employees). They’ve also been responsible for between 60% and 80% of the jobs created in the last decade. So it’s a part of the American economy we should not ignore, and so this bill I think will help to make sure that, whether it’s loans or various programs that benefit the small business community, they will not be interrupted.