Financial Trades Call for PPP Flexibility to Resolve Hold Codes, Process Outstanding Applications
As the Small Business Administration prepares to wind down the Paycheck Protection Program at the end of the month, the...
Commercial Lending
SBA Adjusts PPP Payroll Calculation For Form 1040, Schedule C Filers
The Small Business Administration has just issued an interim final rule implementing recent changes to the Paycheck Protection Program.
Biden Administration Announces Measures to Target PPP Loans to Smallest Firms
The White House today announced several measures to ensure the smallest firms have access to Paycheck Protection Program loans, including...
ABA Data Bank: PPP Loans Go to Firms with 10 Employees or Less
Out of nearly 1.7 million round 3 PPP loans, more than 1.3 million first and second draw loans have gone...
Bowman: Fed to Revisit Framework for Antitrust Analysis
In response to shifting market dynamics and increasing competition in the financial services industry, the Federal Reserve is contemplating changes...
OCC Releases Libor Transition Self-Assessment Tool
As banks prepare for the eventual cessation of the London Interbank Offered Rate, the OCC today released a self-assessment tool...
SBA Issues Procedural Notice on Addressing PPP Loan Error Codes
In response to recent reports of lenders receiving hold codes and compliance check error messages when submitting first- and second-draw...
SBA Report: $101 Billion in PPP Loans Approved in 2021
Since the start of the year to Feb. 7, the Small Business Administration has approved 1.3 million loans totaling $100.9...
SBA Issues Updates on PPP Processing Fees, EIDL Advance Reconciliation Payments
The Small Business Administration tonight issued an updated procedural notice regarding the reporting process through while lenders report on Paycheck...
