Fed Survey: Most Small Businesses Lack Cash Reserves to Cover Long-Term Revenue Loss
Seventeen percent of small businesses said that they would have to close down or sell if they experienced two-month loss...
Commercial Lending
SBA Releases Promissory Note, New FAQs on PPP Implementation
The Small Business Administration tonight released a long-awaited promissory note form for use with Paycheck Protection Program loans. Overnight, the...
Fed to Establish Facility for Financing SBA PPP Loans
In order to facilitate loans being made through the Small Business Administration’s Paycheck Protection Program, the Federal Reserve today said...
Nichols: Administration, Industry Working Round-the-Clock on PPP Improvements
Acknowledging a somewhat choppy start to the Small Business Administration's Paycheck Protection Program on Friday, American Bankers Association President and...
Mnuchin, Top SBA Officials Answer Banker Questions on PPP
With banks across the country working through the weekend to make and fund loans through the Small Business Administration’s Paycheck...
Key SBA Form, Plus New ABA Resources on Paycheck Protection Program, Now Available
The Small Business Administration today published Form 3506, which banks must submit in order to receive delegated authority to issue...
Bonus Podcast: Questions and Answers on the SBA PPP
Bankers have lots of questions about the Small Business Administration's new Paycheck Protection Program, which launched today to deliver up...
House Lawmakers: Ag Businesses Should Qualify for Emergency Grants
In a letter to U.S. Small Business Administration Administrator Jovita Carranza yesterday, a group of House lawmakers urged SBA to...
SBA Increases Rate, Clarifies Terms on Paycheck Protection Program Loans
The Small Business Administration today issued an interim final rule that provides additional implementation guidelines and requirements for its Paycheck...
Treasury Issues Guidelines, Application Form for SBA Paycheck Protection Program
The Treasury Department today issued much-anticipated guidance for the Paycheck Protection Program, which starting this week will provide up to...
