Changes to emergency small business loans process on the way, Rubio says

Changes to emergency small business loans process on the way, Rubio says
U.S. Sen. Marco Rubio (R-FL) was born in Miami to Cuban immigrants. He was first elected to the Florida House of Representatives at the age of 28. In 2009, Rubio announced he was running for U.S. Senate. In 2010, he won the seat.

Sen. Marco Rubio has been pushing for more clarification in the rollout process of the emergency small business loans, and said people need answers, and their money, now.

Orange County leaders also discussed plans for the outbreak to get worse.

"I want this program to get better every single day, but we know already that $50 billion has already been committed in lending,” Rubio told Channel 9.

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As the chairman of the Senate Committee on Small Business and Entrepreneurship, Rubio admits the rollout of the loans has not been problem-free.

Banks were confused on rules and some providers, like PayPal and Square, have not been granted the ability to issue loans, and the SBA online portal was overwhelmed.

But Rubio says fixes are in the works and the money will be available.

That’s welcome news to Central Florida business owners.

“We’re a sales company and can’t be going out and meeting with customers,” said Corinna Owen, who owns Synergistic Technologies. “As the uncertainty of all this grows and two weeks becomes four weeks, becomes six weeks, now we’re talking about the end of the month and we don’t know when things are going to open up.”

WFTV is committed to bringing you the most accurate information about the coronavirus pandemic in Central Florida.
WFTV is committed to bringing you the most accurate information about the coronavirus pandemic in Central Florida. (Cindy Kelly)