Advocate for Forgiveness of COVID-19 Economic Injury Small Business Loans


Advocate for Forgiveness of COVID-19 Economic Injury Small Business Loans
The Issue
The global pandemic has, indubitably, left us all grappling with unprecedented challenges. We invested our life's savings into fulfilling a dream, opened doors to opportunities, and contributed to our local economy through our small businesses. Then came COVID-19 and the necessary containment measures that shut us down. To help us survive, the Biden-era Disaster COVID-19 Economic Injury small business loans stepped in.
These loans, while designed to provide a lifeline in these tumultuous times, have left us overburdened with debt, inadvertently making us work ceaselessly not for our dreams but to pay off this towering debt to the Small Business Administration and the government. Instead of fostering our local economies, we are caught in a relentless cycle of repayments that feels endless.
According to data from the U.S. Small Business Administration (SBA), as of February 2022, more than 42% of Disaster COVID-19 Economic Injury small business loans seem to be defaulting, painting a worrying picture for small business owners across the nation (source: U.S. SBA).
We need your help to advocate for the forgiveness of these loans. By doing so, we can relieve the crushing weight off thousands of small business owners, and instead allow them to do what they do best - invigorate our communities and economies. It's time we stop working for the government and start working for our dreams again. Sign the petition to urge authorities towards the forgiveness of these loans.
12
The Issue
The global pandemic has, indubitably, left us all grappling with unprecedented challenges. We invested our life's savings into fulfilling a dream, opened doors to opportunities, and contributed to our local economy through our small businesses. Then came COVID-19 and the necessary containment measures that shut us down. To help us survive, the Biden-era Disaster COVID-19 Economic Injury small business loans stepped in.
These loans, while designed to provide a lifeline in these tumultuous times, have left us overburdened with debt, inadvertently making us work ceaselessly not for our dreams but to pay off this towering debt to the Small Business Administration and the government. Instead of fostering our local economies, we are caught in a relentless cycle of repayments that feels endless.
According to data from the U.S. Small Business Administration (SBA), as of February 2022, more than 42% of Disaster COVID-19 Economic Injury small business loans seem to be defaulting, painting a worrying picture for small business owners across the nation (source: U.S. SBA).
We need your help to advocate for the forgiveness of these loans. By doing so, we can relieve the crushing weight off thousands of small business owners, and instead allow them to do what they do best - invigorate our communities and economies. It's time we stop working for the government and start working for our dreams again. Sign the petition to urge authorities towards the forgiveness of these loans.
12
The Decision Makers
Petition created on April 26, 2025