Isabel Guzman: “All of us here have deserting constituents and businesses in our district in need of these loans.”

Based on the performance that we have seen with these community financial institutions, our CDFIs and CDCs, and minority depository institutions, we know that they oftentimes reach those businesses that have been underserved.

We think that we need to lean into entrepreneurial education, to help more businesses get contract-ready.

So clearly their impact is going to be stronger, the short term pain is going to be much harder felt on all of them.

Businesses are dramatically affected during disasters. I mean, the FEMA data shows that if they do not reopen in 5 days, 80 percent chance that they will be closed within a year.