MEDIA ADVISORY: Planning for a 2021 Recovery: At QuickBooks Town Hall Event, Senators Rubio and Cardin Lay out What’s Next for Small Business Relief Efforts
Summary
The need was always greater than the capacity.” Senator Cardin: “We didnt anticipate that we would still have the type of economic climate eight weeks later where small businesses can not operate at full capacity depending, of course, on what region of the country you may be located in. And I think part of it may have to be if this is going to go longer than the eight weeks, is this now the time to address a more extended period of payroll support.” On using fintech to deliver long-term payroll protection: Senator Rubio: “The one thing Im pretty confident of is that weve now built a stable of 5,400 lenders, including nonbank lenders and CDFIs and fintech and others. Its going to take a lot of work, some trial and error, but know that the intent is there, that we fully understand the crisis facing small business in America and we hope to do the very best we can to do as much good as possible and the least amount of harm as possible. The first virtual town hall event was moderated by Sarah Paul, Intuit’s Director of Global Policy and Regulatory Affairs and featured Senator Marco Rubio of Florida, Senator Ben Cardin of Maryland, Intuit’s Luke Voiles, and live video questions from small business owners LaJuanna Russell and Allison DeVane, as well as questions submitted by other town-hall attendees. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions.