Statement from SBA Regional Administrator Dan Nordberg

The devastating impact of coronavirus (COVID-19) has tested the will of millions of small businesses throughout Region VIII and the nation, but help is on the way.  As of today, nearly 500,000 loans valued at more than $130 billion dollars from over 4,000 lenders have been approved nationwide.  By joining forces, and leveraging the power of private industry, the Paycheck Protection Program is working and providing the businesses with the capital and certainty they need to retain their employees and continue serving our communities.   This program is one of the largest economic recovery efforts in our nation’s history and was built in just seven short days, a true testament to the American spirit and demonstration of what is possible when we come together to serve a higher cause. The entire SBA team is working tirelessly to do everything we can to help small businesses recover from the COVID 19 pandemic and get back on their feet. Each day, SBA staff in my region are answering hundreds of calls from small business owners needing help and asking for guidance.  All of us understand their pain and have compassion for their situation.  The SBA will continue to fight for America's small businesses until this battle is won. Please be encouraged and see how far we have come in a very short amount of time.  I’m grateful for your partnership and thank you for your continued efforts to support small business, many are being saved by the collective work you’re doing. 
For additional resources, small business owners are encouraged to visit www.sba.gov/coronavirus, and please remember to follow us @SBArockymtn.
 
 (Dan Nordberg serves as the SBA’s Region VIII Administrator based in Denver. He oversees the agency’s programs and services in Colorado, Montana, Utah, North Dakota, South Dakota, and Wyoming)