LET’S LISTEN IN AND STAY WITH US, ROBERT.
US, ROBERT. WE WILL TALK ABOUT IT AFTER.
>> CONGRATULATIONS.
>> CONGRATULATIONS. TREMENDOUS JOB YOU’RE DOING.
I WANT TO THANK EVERYONE FOR
BEING AT THE WHITE HOUSE.
A VERY SPECIAL HOUSE, A VERY
SPECIAL PLACE, NO MATTER WHERE
YOU GO IN THE WORLD.
THEY LOVE THE WHITE HOUSE AND
BEING HERE IN THE EAST ROOM OF
THE WHITE HOUSE IN PARTICULAR,
WHERE SO MANY IMPORTANT
FUNCTIONS HAVE TAKEN PLACE OVER
THE YEARS, AND TODAY, WE ARE
REALLY CELEBRATING AMERICAN
WORKERS AND SMALL BUSINESSES AND
WE HAVE DONE A JOB FOR YOU AND
WE’RE GOING TO MAKE IT SO AS WE
OPEN UP OUR COUNTRY, YOU ARE
GOING TO BE IN GOOD SHAPE AS
OPPOSED TO BE EITHER LOSING YOUR
BUSINESS OR HOW DO WE GET SOME
PEOPLE TO WORK HERE, ESPECIALLY
SINCE YOUR EMPLOYEES WERE SO
GOOD OVER THE YEARS AND THOSE
ARE THE ONES YOU WANTED SO WE
MADE THAT POSSIBLE FOR YOU.
WE’RE DELIGHTED TO BE JOINED
THIS AFTERNOON BY
REPRESENTATIVES OF SEVERAL
INCREDIBLE SMALL BUSINESSES FROM
ACROSS OUR COUNTRY.
ALSO WITH US, TREASURY SECRETARY
STEVEN MNUCHIN.
STEVEN MNUCHIN. STEVE, THANK YOU VERY MUCH.
AND SBA ADMINISTRATOR, YOU HAVE
BEEN BUSY, BY THE WAY?
HUH?
HUH? LITTLE BIT, RIGHT?
BROKE EVERY RECORD IN THE BOOK.
SBA ADMINISTRATOR JOVITA
CARRANZA, THANK YOU.
HAVE YOU GONE TO SLEEP IN THE
LAST TWO WEEKS?
I DON’T THINK SO, RIGHT?
YOU BROKE EVERY SINGLE LENDING
RECORD, NUMBERS OF LOANS, AMOUNT
OF LOANS, SMALL BUSINESS.
IT’S ACTUALLY A VERY BIG
BUSINESS WHEN YOU THINK ABOUT
IT.
IT. THANK YOU VERY MUCH.
GREAT JOB.
GREAT JOB. AS OUR NATION BATTLES AGAINST
THE TERRIBLE SCOURGE, WE
CONTINUE TO PRAY FOR THE VICTIMS
AS WELL AS FOR THOSE AMERICANS
WHO ARE GRIEVING THEIR LOST ONES
AND THEIR LOVED ONES.
THERE’S NEVER BEEN ANYTHING LIKE
THIS.
THIS. WE SUFFER WITH ONE HEART BUT WE
WILL PREVAIL.
WILL PREVAIL. WE ARE COMING BACK AND WE ARE
COMING BACK STRONG.
WE BUILT THE GREATEST ECONOMY
ANYWHERE IN THE WORLD TWO MONTHS
AGO AND WE ARE GOING TO BUILD IT
AGAIN, WE ARE GOING TO BUILD IT
FAST, IT’S GOING TO BE VERY
QUICKLY AND LARRY, THANK YOU FOR
BEING HERE VERY MUCH.
YOU SEE WHAT’S GOING TO HAPPEN.
I THINK YOU HAVE THE SAME
FEELING AS I DO.
IT’S GOING TO COME BACK VERY
FAST.
FAST. NOW THAT OUR EXPERTS BELIEVE THE
WORST DAYS OF THE PANDEMIC ARE
BEHIND US, AMERICANS ARE LOOKING
FORWARD TO THE SAFE AND RAPID
REOPENING OF OUR COUNTRY.
THROUGHOUT THIS ORDEAL, MILLIONS
OF HARD-WORKING AMERICANS HAVE
BEEN ASKED TO REALLY MAKE
TREMENDOUS, TREMENDOUS SACRIFICE
SACRIFICES
SACRIFICES SACRIFICES.
SACRIFICES. SACRIFICES LIKE NOBODY THOUGHT
WOULD EVEN BE POSSIBLE, NOBODY
THOUGHT WOULD EVER BE TALKING
ABOUT SOMETHING LIKE THIS.
THIS VIRUS HAS INFLICTED AN
ENORMOUS AND PAINFUL TOLL ON OUR
NATION’S WORKERS AND SMALL
BUSINESSES.
BUSINESSES. THAT’S WHY LAST MONTH, I ASKED
CONGRESS TO PASS THE PAYCHECK
PROTECTION PROGRAM GIVING SMALL
BUSINESSES EMERGENCY ECONOMIC
RELIEF TO KEEP WORKERS ON THE
PAYROLL.
PAYROLL. FOUR WEEKS AGO, I WAS PROUD TO
SIGN IT INTO LAW.
WE DID THAT AT A GREAT CEREMONY
WITH MANY OF THE PEOPLE HERE AND
THE OFFICIALS HERE AND IT WAS
SOMETHING.
SOMETHING. I CAN TELL YOU, I’M GOING TO ASK
STEVE TO SAY A FEW WORDS, BUT
THE KIND OF NUMBERS AND THE KIND
OF JOBS THEY’VE DONE AND THE
KIND OF JOBS THAT HAVE ALSO BEEN
SAVED, IT’S INCREDIBLE.
YOU’LL BE SEEING THAT IN THE
COMING WEEKS.
COMING WEEKS. THE TREASURY DEPARTMENT AND THE
SMALL BUSINESS ADMINISTRATION
LAUNCHED THE PROGRAM IN
RECORD-BREAKING TIME, JUST ONE
WEEK, AND IN THE 14 DAYS
FOLLOWING ITS LAUNCH, WE
PROCESSED AS MANY LOANS AS THE
SBA WOULD TYPICALLY PROCESS IN
OVER 14 YEARS.
SO IN 14 DAYS THEY DID MORE WORK
AND MORE LOANS BOTH IN TERMS OF
APPLICATIONS AND IN TERMS OF
DOLLAR AMOUNT THAN THEY DID IN
14 DAYS.
14 DAYS. 14 YEARS, 14 DAYS.
EASY ONE TO REMEMBER, RIGHT?
THAT’S SOME RECORD.
THE FIRST ROUND OF FUNDING
PROVIDED MORE THAN 1.6 MILLION
SMALL BUSINESSES WITH OVER $340
BILLION SO THAT AMERICAN WORKERS
CAN RETAIN THEIR JOBS, RECEIVE
THEIR PAYCHECKS AND HELP OUR
ECONOMY TAKE OFF QUICKLY ONCE
AMERICA REOPENS FOR BUSINESS,
WHICH IS HAPPENING RIGHT NOW AS
WE SIT.
WE SIT. WE ARE GOING TO BE ALL SET.
YOU ALL READY?
I KNOW YOU ARE.
I TALKED TO YOU BACK THERE.
YOU’RE READY.
YOU’RE READY. YOU FOLKS ARE READY.
OUR SWIFT ACTION SUPPORTED OR
SAVED 30 MILLION AMERICAN JOBS
AT LEAST LAVENT WEEK, CONGRESS
ANSWERED OUR CALL TO REPLENISH
THE PROGRAM AND I WAS HONORED TO
SIGN AN ADDITIONAL $320 BILLION
FOR AMERICAN WORKERS INTO LAW.
AT LEAST $60 BILLION ARE
RESERVED FOR COMMUNITY FINANCIAL
INSTITUTIONS, INCLUDING THOSE
THAT SERVE MINORITY AND
DISTRESSED COMMUNITIES AND
THAT’S ALSO, WHEN YOU THINK IT’S
AFRICAN-AMERICAN COMMUNITIES,
AFRICAN-AMERICAN COMMUNITIES, IT’S HISPANIC AMERICAN
COMMUNITIES, IT’S ASIAN AMERICAN
COMMUNITIES.
COMMUNITIES. WE BEGAN ACCEPTING APPLICATIONS
FOR THE SECOND ROUND OF FUNDING
YESTERDAY.
YESTERDAY. DEMAND IS EXTRAORDINARILY HIGH
AND THERE ARE ALREADY TWICE AS
MANY USERS ACCESSING THE SYSTEM
AS ON ANY DAY UNDER THE FIRST
ROUND AND ONE OF THE THINGS THAT
THE SECRETARY OF THE TREASURY
TOLD ME IS THAT THE AMOUNTS ARE
MUCH MORE LOANS, MUCH SMALLER
AMOUNTS AND WE LIKE TO HEAR THAT
BECAUSE WE ARE LOOKING AT THE
SMALL AMOUNTS, THE SMALLER
BUSINESSES AND THAT’S WHAT WE
WANT.
WANT. NONETHELESS, WE ARE PROCESSING
LOANS AT A PACE NEVER ACHIEVED
BEFORE.
BEFORE. IN THE FIRST 24 HOURS OF THE
SECOND ROUND OF FUNDING, WE HAVE
HANDLED OVER 30% MORE LOANS THAN
ANY PREVIOUS DAY OF THE PROGRAM.
SO FAR, WE HAVE PROCESSED AN
AMAZING 450,000 LOANS TOTALLING
OVER $50 BILLION.
THAT’S IN PHASE TWO.
INCREDIBLE.
INCREDIBLE. ALONG WITH ADMINISTRATOR
CARRANZA AND SECRETARY MNUCHIN,
IVANKA PLAYED AN ESSENTIAL ROLE
IN SPEARHEADING THIS PROGRAM.
INCREDIBLE.
INCREDIBLE. THAT’S WHAT SHE WANTS TO DO.
SHE WANTS TO HELP PEOPLE.
FROM THE BEGINNING OF MY
ADMINISTRATION, IVANKA HAS USED
HER EXPERIENCE AS AN
ENTREPRENEUR TO FIGHT FOR THE
AMERICAN WORKER.
AMERICAN WORKER. SHE’S CREATED MANY JOBS.
THAT’S WHAT SHE DID WHEN SHE
FIRST CAME IN, SHE JUST WANTED
PEOPLE TO BE ABLE TO GET JOBS
AND JOB TRAINING, WENT TO THE
BIGGEST COMPANIES ANYWHERE IN
THE WORLD THAT ARE LOCATED IN
OUR COUNTRY AND THEY WOULD TAKE
HUNDREDS OF THOUSANDS OF PEOPLE
AND TRAIN THEM AND I THINK YOU
GOT UP TO ALMOST 15 MILLION
PEOPLE, RIGHT?
PEOPLE, RIGHT? 15 MILLION.
15 MILLION. SHE STARTED OFF WITH A GOAL OF
500,000.
500,000. SHE WANTED TO GET 500,000 AND
SHE IS NOW ON ALMOST 15 MILLION
PEOPLE.
PEOPLE. I’D LIKE TO ASK IF I MIGHT,
IVANKA TO SAY A FEW WORDS AS TO
WHAT’S EXACTLY HAPPENING TODAY,
WHAT’S HAPPENING OVER THE NEXT
WEEK, AND WHAT HER VIEWS ARE FOR
WHAT’S GOING TO HAPPEN OVER THE
NEXT PERIOD OF TIME.
IT’S GOING TO BE SOMETHING, I
THINK IT’S GOING TO BE VERY
SPECIAL, AND BIGGER AND BETTER
THAN ANYBODY REALLY UNDERSTANDS.