14 Oct 2020
Joint Public Hearing: Access to Capital for Small Businesses during the COVID-19 Pandemic
Virtual Public Hearing
10:00 AM Archived Video
Senate Standing Committee on Banks
Chair: Senator James Sanders Jr.
Senate Standing Committee on Commerce, Economic Development and Small Business
Chair: Senator Anna M. Kaplan
Public Hearing: Access to Capital for Small Businesses during the COVID-19 Pandemic.
Place: Online: https://www.nysenate.gov/events
Time: 10:00 A.M.
Contact: Khadijah Peek (518) 455-3536; Joe Erdman (518) 455-2171; Elizabeth Nowicki (518) 455-2711
Media Contact: Senate Majority Press Office (518) 455-2415
ORAL TESTIMONY BY INVITATION ONLY
SUBJECT: Access to Capital for Small Businesses During the COVID-19 Pandemic
PURPOSE: To examine lending to small businesses during the COVID-19 pandemic
The COVID-19 pandemic has had a significant negative impact on many small businesses, including minority-owned small businesses. Lending to small businesses has decreased significantly since the onset of the pandemic, contributing to their financial distress. Many businesses have shut down or are on the
verge of permanent closure.
The purpose of this hearing is to explore the status of lending to small businesses during the COVID-19 pandemic. Witnesses are invited to provide feedback on the market for financing and loans, the factors that are impacting the current lending markets, and things that can be done to help facilitate loans or other financing options to small businesses during this pandemic.
Oral testimony is by invitation only, and oral testimony will be limited to 5 minutes. For those testifying, please provide your testimony in writing in advance to nowicki@nysenate.gov.
In accordance with its policies of non-discrimination on the basis of disability, as well as the 1990 Americans with Disabilities Act (ADA), the Legislature has made its facilities and services available to all individuals with disabilities. For individuals with disabilities, accommodations will be provided, upon reasonable request, to afford such individuals access and admission to the Legislature’s facilities and activities. Please send any requests to nowicki@nysenate.gov.
