OOIDA is asking the sponsors of the Paycheck Protection Flexibility Act to include improvements that will benefit small-business truckers.
The Association on Wednesday, May 20, sent letters to Reps. Chip Roy, R-Texas, and Dean Phillips, D-Minn., requesting that HR6886 allow trucking companies to include truck payments, insurance payments and depreciation when calculating the maximum Paycheck Protection Program loan amount. OOIDA also asked for the bill to include provisions to allow trucking businesses to use the loans to cover a wider range of expenses and provide loan forgiveness for these purposes.
OOIDA said many owner-operators have had difficulties in making use of the Paycheck Protection Program.
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The Association on Wednesday, May 20, sent letters to Reps. Chip Roy, R-Texas, and Dean Phillips, D-Minn., requesting that HR6886 allow trucking companies to include truck payments, insurance payments and depreciation when calculating the maximum Paycheck Protection Program loan amount. OOIDA also asked for the bill to include provisions to allow trucking businesses to use the loans to cover a wider range of expenses and provide loan forgiveness for these purposes.
OOIDA said many owner-operators have had difficulties in making use of the Paycheck Protection Program.
OOIDA wants truck payments to factor in PPP loan amounts
OOIDA is asking the sponsors of the Paycheck Protection Flexibility Act to include improvements that will benefit small-business trucking companies.
landline.media
