Biden visits DC hardware store that got PPP loan
President Biden on Tuesday visited a neighborhood hardware store in Washington, D.C., that received a small business coronavirus relief loan to highlight his administration's efforts to prioritize assistance to the smallest companies impacted by the pandemic.
Biden visited W.S. Jenks & Son, located in Northeast D.C., which the White House says received a Paycheck Protection Program (PPP) loan in the past two weeks as the Biden administration restricted applicants to businesses with fewer 20 employees.
The Treasury Department lending program was established by the bipartisan CARES Act last year. The program has been popular but withstood criticism in 2020 when data showed that much of the funding in the first round of loans went to large businesses such as major national chains.
Biden met with the co-owners of the hardware store, Mike and Jerry Siegel, and the owner of a local grower, Little Wild Things Farm, adjacent to the hardware store. The grower also received a loan in the past two weeks.
https://www.msn.com/en-us/news/politics/biden-visits-dc-hardware-store-that-got-ppp-loan/ar-BB1epO0N?li=BBnbfcQ&ocid=DELLDHP
