ARA proposes new capital loan program for small businesses

The American Rental Association (ARA) recently sent a letter to Brian Deese, director of the White House’s National Economic Council, who is leading President Biden’s effort to pass the $1.9 trillion American Rescue Act.

ARA is proposing a new program of long-term, low-interest capital loans for small businesses that continue to experience significant economic losses due to the pandemic. Click here to read the letter. ARA also is working with members of Congress on this proposal.

“We know that ARA members, especially those in the event rental segment, need more financial assistance and we are doing everything we can to influence Congress and the Administration to get them that help,” said John McClelland, ARA vice president for government affairs and chief economist.