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...
Policy
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a...
SBA Clarifies PPP’s 10-Day Disbursement Window, Fee Payments
The Small Business Administration tonight issued an interim final rule providing clarity on the 10-day loan disbursement requirement under the...
SBA: 475K PPP Loans Made as of Tuesday Afternoon
As of 1 p.m. today, the Small Business Administration said it had approved more than 475,000 loan applications submitted by...
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...
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...
