NEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- Biz2Credit, Paychex, Inc., and CPA.com today announced that they will co-host an online forum featuring U.S. Senator Jeanne Shaheen (D-NH), a leading advocate in the U.S. Senate for small business owners.
The Paycheck Protection Program – A Retrospective and The Path Forward with Jeanne Shaheen panel discussion will include time for the Senator to respond to audience questions from business owners, including many who have received government-backed funding through the PPP and now are applying for loan forgiveness.
Just how vital was PPP for the survival of small businesses? According to Melinda Kaye, who owns tekHouse, an IT consulting firm based in Tulsa, Oklahoma, the program was a lifesaver.
“After we applied for funds, it was about 3-4 weeks to get approved and receive funding. The loan forgiveness took about 4-5 months,” Kaye said. “PPP funding saved me. There’s no doubt about it.”
The second round of the PPP, which closed on May 28, was a success for millions of small businesses across the country. In total, approximately $800 billion has been distributed to America’s small businesses through nearly 12 million loans, reaching nearly every community around the country from New Hampshire to Hawaii and everywhere in between.
This online forum will give business owners a chance to hear from Sen. Shaheen, a co-author of the PPP, on how the Federal government and private industry have forged a collaboration to support business owners during the COVID-19 pandemic. She and her fellow panelists from the sponsoring companies will discuss how and why the PPP was successful in providing a financial lifeline to small businesses that were negatively impacted by shutdowns and reduced economic activity caused by COVID-19.
To register for the online forum on Wednesday, June 23, at 11:30 a.m. (EDT) / 8:30 a.m. (PDT), visit the Biz2Credit COVID-19 Webcast Center.
Key topics will include:
“We are honored to have Sen. Jeanne Shaheen participate in our event and speak to business owners who are still trying to recover from the tremendous disruption COVID-19 had on their companies,” said Rohit Arora, CEO of Biz2Credit, which organized the event. “This online forum offers information that will help small business owners better overcome the lingering economic challenges caused by the pandemic.”
The panelists will discuss the process of recovery from the devastating economic impact of COVID-19 on small businesses, particularly those owned by women and minorities.
About Biz2Credit
Founded in 2007, Biz2Credit has helped arrange more than $7 billion in small business financing. Through its SBA-approved funding subsidiary, Biz2Credit ranked among the most active providers of PPP during 2021, securing over 170,000 PPP loans for small businesses. The company is expanding its industry-leading technology, providing the Biz2X Platform (www.biz2x.com) digital lending solution for banks and other financial institutions. Visit www.biz2credit.com or Twitter @Biz2Credit, Facebook, and LinkedIn to learn more.
About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the U.S. with a growing global focus. Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners. A subsidiary of the American Institute of CPAs, CPA.com is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession.
About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. With more than 45 years of industry expertise, Paychex serves approximately 680,000 payroll clients as of May 31, 2020, across more than 100 locations in the U.S. and Europe and pays one out of every 12 American private sector employees. Visit paychex.com, and stay connected on Twitter and LinkedIn.
Media Contact: John Mooney, (908) 720-6057, john@overthemoonpr.com