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...
Policy
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...
FHFA: FHLBs May Purchase PPP Loans as Collateral for Advances
With Congress poised to approve additional funding for the Small Business Administration’s Paycheck Protection Program as early as today, the...
State Associations Reject CU Calls for Expanded Member Business Lending Cap
In a letter to congressional leaders today, 51 state bankers associations flagged “opportunistic and unnecessary” attempts by the credit union...
ABA Urges House Leaders to Approve Additional Paycheck Protection Program Funding
The American Bankers Association today urged House leaders to swiftly approve a legislative package that would provide an additional $320...
Senate Clears $320B in Additional Funding for Paycheck Protection Program
After bipartisan negotiations, the Senate this afternoon unanimously passed legislation to provide more than $320 billion in new funding for...
