Mar. 30, 2020
Dear Sir/Madam, While I am very supportive of your proposed release 33-10763, in these most unusual circumstances I urge you to revisit and increase the limit of Regulation Crowdfunding from $1.07M to $5.0M as most all small businesses have been very badly hit by the ongoing pandemic, and it is unlikely they will see a return to normalcy in less than 9-12 months. Most all of them will certainly need to raise additional capital to stay afloat and not shut down permanently, destroying everything they have worked so hard to achieve. Credit lines and availability of debt in the next 6-12 months is also going to be difficult as the large lenders themselves struggle to overcome this economic calamity. We must what we can to help small businesses stay in business and continue to employ the millions of people small businesses do all over the country. Regards, Arvind Rao