Small businesses

What federal policy does for small and locally owned businesses, from loans, grants and investment through the SBA and community lenders to aid when crises hit, and how they fare against large corporations.

Expand small businesses' access to loans, grants and capital

7 members
Roy Cooper
Senate · North Carolina · Democrat
“Governor Cooper has stood up for small businesses his entire career. He worked to help small businesses across North Carolina secure millions in grants for research, development, hiring, and more.”
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Abdul El-Sayed
Senate · Michigan · Democrat
“Small Business Revolving Loans: Publicly capitalized loans so local businesses can build and thrive.”
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“Access to Capital & Minority Business Growth: Closing the lending and contracting gap by expanding CDFI and SBA lending to minority-owned businesses, with a goal of doubling the share of SBA-backed loans reaching Black- and Latino-owned firms within five years.”
View on their website ↗
“Close the lending and contracting gap – Expand Community Development Financial Institution (CDFI) Funds and Small Business Administration (SBA) lending to minority-owned businesses, with a goal of doubling the share of SBA-backed loans reaching Black- and Latino-owned firms within five years, and hold federal agencies accountable to disadvantaged-business contracting targets with real penalties for missing them.”
View on their website ↗
“Transparency and technical assistance – Require federal lending data to be published by census tract and race on a public dashboard, and fund Minority Business Development Agency centers and CDFI technical-assistance grants so entrepreneurs get real help with applications and compliance.”
View on their website ↗
“To address the risk of massive automation of our jobs, I support exploring income protection programs such as wage insurance and basic income, worker investment through unions, adjusting our tax system to stop penalizing human employment and rewarding automation, and investment in small business revolving loan funds.”
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Peggy Flanagan
Senate · Minnesota · Democrat
“Small businesses need programs in place that allow them to compete with larger corporations, attract top talent, and grow. Peggy believes the government should invest in small business loans and level the playing field so small businesses don’t pay a higher tax rate than giant corporations like Amazon.”
View on their website ↗
Kevin Hern
Senate · Oklahoma · Republican
“I am working in the Small Business committee to make sure that businesses have the capital access they need to start and grow companies for American workers, and I am pushing back against the Left’s harmful policies that would inhibit free-enterprise and encourage government dependency.”
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Chris Pappas
Senate · New Hampshire · Democrat
“In Congress, he’s championed initiatives to provide small businesses with access to capital, job training, and tax relief.”
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“In Congress he has led efforts to help rural entrepreneurs, increase access to capital, and cut taxes for small businesses.”
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Juliana Stratton
Senate · Illinois · Democrat
“Investing in Grant Programs for Small Business Owners”
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James Talarico
Senate · Texas · Democrat
“Even the playing field between giant corporations and small businesses: End the extreme tax breaks that allow the largest corporations to pay $0 in federal income taxes so that we can help more entrepreneurs make their dreams a reality. Expand support for Community Development Financial Institutions and community banks to increase access to credit and capital, broaden eligibility for Small Business Administration loan programs, and support states in providing more equity investment and technical assistance for small businesses.”
View on their website ↗

Support small businesses

7 members
Andy Barr
Senate · Kentucky · Republican
“Together, we will fight for our farmers, small business owners, for Kentucky coal, for families, and for Western Kentucky.”
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Roy Cooper
Senate · North Carolina · Democrat
“Governor Cooper has stood up for small businesses his entire career. He worked to help small businesses across North Carolina secure millions in grants for research, development, hiring, and more.”
View on their website ↗
Peggy Flanagan
Senate · Minnesota · Democrat
“She’s helping support our family farms and small businesses and is leading the fight to make sure abortion stays legal in Minnesota.”
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Troy Jackson
Senate · Maine · Democrat
“On Monday, Governor Janet Mills signed into law legislation from Senate President Troy Jackson, D-Allagash, to help small businesses hit the hardest by electric rate increases.”
View on their website ↗
“Our sole proprietors are in crisis and they desperately need help. As state lawmakers, we’re calling on the federal delegation to make sure our small business owners can get the help they need.”
View on their website ↗
“Today, Maine Senate Democrats voted in favor of a historic investment in Maine businesses and working families who experienced profound hardship and extraordinary tragedy throughout this pandemic. It will lift up the farmers and fishermen who have suffered greatly after the demand for local foods disappeared overnight when restaurants had to close their dining rooms, while also boosting small businesses all across the state. It will help Maine seniors and individuals with disabilities afford to stay in their homes while supporting family caregivers and working to build a robust direct care workforce. And, it will make long-overdue investments in our career technical education and workforce training programs, while also working to close gaps in our health care workforce and system”
View on their website ↗
Barry Moore
Senate · Alabama · Republican
“Barry supports small businesses, lower taxes, and American entrepreneurship.”
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Chris Pappas
Senate · New Hampshire · Democrat
“In the Senate I’ll continue working to invest in New Hampshire’s workforce, and support the needs of the Main Street businesses that drive our economy all across the state of New Hampshire.”
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“I’m fighting to exempt small businesses and to overturn Donald Trump’s reckless tariffs that are weighing down our economy and creating so much uncertainty. We must focus on supporting our Main Street small businesses, lowering costs, and building a fair economy.”
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“Pappas is running for U.S. Senate to stand up for New Hampshire’s small businesses, which are the backbone of our economy.”
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“We can create opportunities for people to get access to affordable housing, to expand access to health care, to make sure our small business climate is healthy and successful.”
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“Supporting Small Businesses”
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“In the U.S. Senate, Chris will continue the fight for small businesses, create good-paying jobs, and ensure we build an economy that works for everyone.”
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James Talarico
Senate · Texas · Democrat
“Even the playing field between giant corporations and small businesses: End the extreme tax breaks that allow the largest corporations to pay $0 in federal income taxes so that we can help more entrepreneurs make their dreams a reality. Expand support for Community Development Financial Institutions and community banks to increase access to credit and capital, broaden eligibility for Small Business Administration loan programs, and support states in providing more equity investment and technical assistance for small businesses.”
View on their website ↗

Help small businesses compete fairly with large corporations

2 members
Peggy Flanagan
Senate · Minnesota · Democrat
“Small businesses need programs in place that allow them to compete with larger corporations, attract top talent, and grow. Peggy believes the government should invest in small business loans and level the playing field so small businesses don’t pay a higher tax rate than giant corporations like Amazon.”
View on their website ↗
James Talarico
Senate · Texas · Democrat
“James Talarico will raise the minimum wage to $15, expand overtime, pass paid family leave, protect the freedom to unionize, and give small businesses a fair shot against giant corporations.”
View on their website ↗
“Even the playing field between giant corporations and small businesses: End the extreme tax breaks that allow the largest corporations to pay $0 in federal income taxes so that we can help more entrepreneurs make their dreams a reality. Expand support for Community Development Financial Institutions and community banks to increase access to credit and capital, broaden eligibility for Small Business Administration loan programs, and support states in providing more equity investment and technical assistance for small businesses.”
View on their website ↗

Lower the costs small businesses face

2 members
Troy Jackson
Senate · Maine · Democrat
“On Monday, Governor Janet Mills signed into law legislation from Senate President Troy Jackson, D-Allagash, to help small businesses hit the hardest by electric rate increases.”
View on their website ↗
“On Wednesday, the Maine Senate unanimously approved a bill from Senate President Troy Jackson, D-Allagash, that would deliver rate relief to more than 60 eligible businesses that did not receive the energy credit authorized by the Legislature last year.”
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“In 2022, President Jackson introduced legislation — LD 2010, An Act to Help Maine Residents with High Electricity Costs — creating a tiered credit for eligible small businesses and organizations that were impacted by increases in electricity costs caused by the spike in the price of natural gas and its effect on the standard offer. The program successfully delivered energy relief to just under 3,000 businesses that are considered “medium-general service” under the standard offer.”
View on their website ↗
Chris Pappas
Senate · New Hampshire · Democrat
“I’m fighting to exempt small businesses and to overturn Donald Trump’s reckless tariffs that are weighing down our economy and creating so much uncertainty. We must focus on supporting our Main Street small businesses, lowering costs, and building a fair economy.”
View on their website ↗

Aid small businesses when disasters and crises hit

2 members
Troy Jackson
Senate · Maine · Democrat
“Our sole proprietors are in crisis and they desperately need help. As state lawmakers, we’re calling on the federal delegation to make sure our small business owners can get the help they need.”
View on their website ↗
“Today, Maine Senate Democrats voted in favor of a historic investment in Maine businesses and working families who experienced profound hardship and extraordinary tragedy throughout this pandemic. It will lift up the farmers and fishermen who have suffered greatly after the demand for local foods disappeared overnight when restaurants had to close their dining rooms, while also boosting small businesses all across the state. It will help Maine seniors and individuals with disabilities afford to stay in their homes while supporting family caregivers and working to build a robust direct care workforce. And, it will make long-overdue investments in our career technical education and workforce training programs, while also working to close gaps in our health care workforce and system”
View on their website ↗
Chris Pappas
Senate · New Hampshire · Democrat
“During the COVID-19 pandemic, he secured federal resources to help 41,000 New Hampshire small businesses keep their doors open and retain over 120,000 workers.”
View on their website ↗

Expand help for minority-owned small businesses

1 member
Abdul El-Sayed
Senate · Michigan · Democrat
“Access to Capital & Minority Business Growth: Closing the lending and contracting gap by expanding CDFI and SBA lending to minority-owned businesses, with a goal of doubling the share of SBA-backed loans reaching Black- and Latino-owned firms within five years.”
View on their website ↗
“Close the lending and contracting gap – Expand Community Development Financial Institution (CDFI) Funds and Small Business Administration (SBA) lending to minority-owned businesses, with a goal of doubling the share of SBA-backed loans reaching Black- and Latino-owned firms within five years, and hold federal agencies accountable to disadvantaged-business contracting targets with real penalties for missing them.”
View on their website ↗
“Transparency and technical assistance – Require federal lending data to be published by census tract and race on a public dashboard, and fund Minority Business Development Agency centers and CDFI technical-assistance grants so entrepreneurs get real help with applications and compliance.”
View on their website ↗

Open more government contracts to small businesses

1 member
Abdul El-Sayed
Senate · Michigan · Democrat
“Access to Capital & Minority Business Growth: Closing the lending and contracting gap by expanding CDFI and SBA lending to minority-owned businesses, with a goal of doubling the share of SBA-backed loans reaching Black- and Latino-owned firms within five years.”
View on their website ↗
“Close the lending and contracting gap – Expand Community Development Financial Institution (CDFI) Funds and Small Business Administration (SBA) lending to minority-owned businesses, with a goal of doubling the share of SBA-backed loans reaching Black- and Latino-owned firms within five years, and hold federal agencies accountable to disadvantaged-business contracting targets with real penalties for missing them.”
View on their website ↗

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