Lee blasts Velázquez over SBA loans
Candidate says business owners need grants
The race between incumbent U.S. Rep. Nydia Velázquez and Democratic primary opponent Yungman Lee is starting to heat up.
Lee, a Chinatown banker, is hitting Velázquez hard on the question of helping small businesses in her congressional district in the aftermath of Superstorm Sandy.
Lee charged in a press release that the incumbent’s efforts are inadequate and fail to provide any relief to struggling business owners.
Velázquez (D-Brooklyn-Manhattan-Queens), the ranking member of the House Committee on Small Business, recently announced a one-year extension for businesses to apply for loans from the federal Small Business Administration (SBA) to assist with financial needs resulting from Sandy.