Evans Welcoming Philly Pharmacist to Testify on Problems with Major Federal Small Business Loan Program
PHILADELPHIA (June 10, 2020) – Congressman Dwight Evans (PA-03), vice chair of the House Small Business Committee, will welcome a Philadelphia pharmacist to testify virtually before the committee today about his experience with a major federal small-business loan program during the Covid-19 pandemic.
Jerome Whack of the Christian Street Pharmacy in South Philadelphia will testify during a hearing entitled “The Economic Injury Disaster Loan Program: A View from Main Street.” It is scheduled to begin at 1 p.m. today, Wednesday, June 10 via Cisco Webex. To watch the livestream, click here.
Evans is working on a bill that would improve the Economic Injury Disaster Loan (EIDL) program, which is run by the U.S. Small Business Administration.
Evans’ pending bill would make the loans forgivable, as they are for other disasters, if they’re related to the recent unrest. Evans also plans to have the bill address a concern some small businesses have raised that the initial $10,000 advance they receive as part of EIDL could be taxable. He wants to make sure those funds would not be taxable for the existing program or for the addition he is proposing.
Evans represents Pennsylvania’s 3rd Congressional District, which includes Northwest and West Philadelphia and parts of North, South, Southwest and Center City Philadelphia.