Amata updates PPP and EIDL loans for American Samoa businesses
Washington, D.C. — Congresswoman Aumua Amata reports the weekly update from the Small Business Administration (SBA) continues to show steady progress for American Samoa. Local employers have now successfully acquired 120 loans under the Paycheck Protection Program (PPP) totaling over $6.6 million — an increase of 20 loans over the previous week. Combined with SBA’s Economic Injury Disaster Loans (EIDL) program, the total is 135 approvals and $8.1 million for the local economy.
“I’m pleased to see that each report shows more businesses obtaining this assistance,” said Aumua Amata. “Our economy has sustained interruptions, but we need our local businesses to make it through tough times and be available to the community.”
These PPP and EIDL programs continue to accept applications and remain currently funded and open. Businesses can talk to lenders in American Samoa to seek out information and possible assistance. Congress funded these programs under the CARES Act, then replenished the programs with a second round of legislation. Further legislation is being discussed in Congress.
“Congress will discuss more economic relief,” concluded Amata. “Thank you to everyone working on behalf of our local economy, especially our small businesses, our local Chamber of Commerce, and our American Samoa Small Business Development Center.”