In a letter to U.S. Small Business Administration Administrator Jovita Carranza yesterday, a group of House lawmakers urged SBA to ensure that farmers and agricultural businesses will be able to take advantage of the emergency economic injury grant program created by the new CARES Act coronavirus relief law.
Browsing: Commercial Lending
The Small Business Administration today issued an interim final rule that provides additional implementation guidelines and requirements for its Paycheck Protection Program to aid small businesses hit hard by the COVID-19 crisis.
The Treasury Department today issued much-anticipated guidance for the Paycheck Protection Program, which starting this week will provide up to $350 billion in fully forgivable loans to help small businesses maintain payrolls during the coronavirus pandemic.
The Cybersecurity and Infrastructure Security Agency on Saturday updated guidance, broadening the list of jobs deemed to be “essential critical infrastructure workers.”
The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as a result of the coronavirus pandemic.
As the Senate moved closer to passage of a coronavirus relief package today, ABA joined a coalition of financial services trades in a letter to U.S. Small Business Administrator Jovita Carranza seeking “clear and consistent guidance” on how SBA intends to enact forthcoming changes to its 7(a) loan program.
In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response, the Federal Reserve this morning unveiled several new facilities to support the flow of up to $300 billion in financing to households and businesses and committed to quantitative easing “in amounts needed” to support market functioning.
As negotiations continued on Capitol Hill this weekend over the latest coronavirus aid package, a group of financial services trade associations—including the American Bankers Association—called for enhancements to SBA and USDA loan programs.
Addressing four myths about the business opportunities and compliance realities of cannabis banking.