SBA Ends Bot Access to E-Tran System
The Small Business Administration has restricted the use of robotic processing automation, or RPA, to enter Paycheck Protection Program loan...
Policy
Mnuchin: SBA to Review PPP Loans Over $2M
The Small Business Administration will conduct a “full audit” of Paycheck Protection Program loans made in amounts over $2 million...
Banks Report E-Tran Difficulties; SBA Lowers PPP Bulk Submission Threshold
At the urging of ABA, the Small Business Administration and Treasury Department announced this afternoon that they have lowered the...
SBA Announces Measures Aimed at Smoothing Operations Ahead of Paycheck Protection Program Restart
With the U.S. Small Business Administration expecting a high volume of Paycheck Protection Program loan applications when the E-Tran system...
SBA Issues Guidance on Calculating Max PPP Loan Size
With the Small Business Administration reopening its E-Tran system for Paycheck Protection Program applications on Monday morning, SBA last night...
SBA to Resume Taking PPP Applications on Monday at 10:30 a.m. EDT
The Small Business Administration will resume taking Paycheck Protection Program loans via its E-Tran platform on Monday morning at 10:30...
New SBA Rule Clarifies PPP Borrower Eligibility
The Small Business Administration today issued an interim final rule clarifying several issues around borrower eligibility for the Paycheck Protection...
Fed Announces Additional Actions to Support Intraday Credit
The Federal Reserve tonight announced several temporary actions—which will take effect upon publication in the Federal Register—to increase the availability...
Fed to Disclose Borrowers, Loans Made in CARES Act-Funded Facilities
The Federal Reserve today announced plans for monthly disclosures of participants in its lending facilities backed by funds authorized by...
House Approves Additional PPP Funds, President to Sign Imminently
By a strong bipartisan vote, the House this evening passed legislation providing more than $320 billion in new funding for...
