ABL Statement Applauding Passage of the Paycheck Protection Program Flexibility Act

ABL Statement Applauding Passage of the Paycheck Protection Program Flexibility Act

June 4, 2020

BETHESDA, MD – American Beverage Licensees (ABL) Executive Director John Bodnovich issued the following statement regarding the U.S. Senate’s passage of the Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010):

“As part of a broad coalition that pushed for legislative modifications to the Paycheck Protection Program (PPP), American Beverage Licensees (ABL) applauds the Senate’s passage of the Paycheck Protection Program Flexibility Act, which will provide Main Street beverage alcohol businesses with greater flexibility and a more realistic time frame to use the program as intended.

“Beverage alcohol licensees, including bars, taverns and other on-premise establishments, are some of the nearly 4.5 million small businesses that have received PPP loans through the U.S. Small Business Administration. However, many of these businesses have endured state-enforced mandatory closures since March and are only now beginning to reopen their doors in still limited capacities to their employees and customers.  These circumstances, which have been beyond the control of local beverage businesses, have heightened their concerns about qualifying for PPP loan forgiveness, and driven them to strongly advocate for these important modifications to the PPP.

“With yesterday’s Senate passage of the PPP Flexibility Act following the House’s bipartisan approval of the bill on May 28, America’s beer, wine and spirits retailers are one step closer to getting back to the business of serving their communities.”

Link (pdf)

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Source: ABL