Commercial Lending
Senators: PPP Borrowers Need Information on Loan Forgiveness
Paycheck Protection Program borrowers, as well as their lenders, are operating without adequate understanding of how their loans will be...
SBA Issues Procedures for PPP Whole Loan Sales
As the second round of the Paycheck Protection Program progressed last week, the Small Business Administration yesterday issued a procedural...
Bonus Podcast: Overview of the Main Street Lending Program
As part of its response to the global coronavirus pandemic, the Federal Reserve is launching a "Main Street Lending Program"...
ABA, State Associations to Congress: Include ECORA Act in Next Relief Package
As Congress contemplates additional coronavirus relief legislation, the American Bankers Association and the 51 state bankers associations today wrote to...
Fed Expands PPP Liquidity Facility’s Eligible Participants, Collateral
The Federal Reserve today expanded access to its Paycheck Protection Program Liquidity Facility to nonbank lenders and expanded the range...
Bipartisan Letter Urges SBA to Reserve Funds for Regular 7(a) Loans
Noting that the recent bill adding funds to the Paycheck Protection Program as part of the Small Business Administration’s 7(a)...
Fed Expands Scope of ‘Main Street’ Program with ABA-Urged Changes
The Federal Reserve today expanded the scope of its Main Street Lending Program to accommodate more businesses and more loan...
SBA Limits PPP Funds for Corporate Groups to $20 Million
In an interim final rule today, the Small Business Administration said it will limit the amount of Paycheck Protection Program...
SBA to Audit PPP Loans Above $2 Million
The Small Business Administration will review all requests for forgiveness of Paycheck Protection Program loans in excess of $2 million...
