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Senators urge Governor to enlist federal resources to help small businesses with Coronavirus preparedness

CORONAVIRUS
Posted at 7:35 PM, Mar 09, 2020
and last updated 2020-03-09 19:35:39-04

WASHINGTON, D.C. — U.S. Senators Ben Cardin and Senator Chris Van Hollen have joined forces in urging Governor Larry Hogan to make use of the federal resources available for coronavirus preparedness and response related to public health, as well as affected small businesses.

“Unlike large corporations that have the capital reserves necessary to overcome an extended disruption, small firms operate on narrow margins and may not be able to survive a temporary decline in revenue,” the senators wrote. “A restaurant experiencing a sudden loss of foot traffic or a manufacturer that can no longer access its suppliers abroad cannot simply wait and hope for the best. To remain up-to-date with creditors and continue to keep employees on their payrolls, small businesses will need access to affordable capital.”

The letter issued to the Governor was sent on Monday following the recent announcements of the five Maryland residents that have tested positive for coronavirus.

The full letter can be read below: