ABA Data Bank: Banks of All Sizes Helped Provide Critical Financial Lifeline to Small Biz
Breaking down of Paycheck Protection Program lending by banks in the second quarter (through June 30, 2020), by asset size.
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ABA Data Bank: Consumer Expectations Stretch Out for Post-COVID Economic Recovery
Four out of five consumers now expect the COVID-19 outbreak to last one to two years, according to the Cleveland Fed’s Consumers and COVID-19 survey. That’s up from only 34.2% when the survey began on March 10.
ABA Data Bank: Minority-Owned Small Businesses See Larger COVID-19 Effects
While the coronavirus pandemic has harmed small businesses across the board, minority small business owners report disproportionately large effects, according to the latest Wells Fargo/Gallup Small Business Index survey.
ABA, Groups Support Automatic Forgiveness for PPP Loans under $150K
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy…
Energy Is Rebounding, But Big Challenges Remain
Stubbornly low prices in response to global trends and suppressed demand from COVID-19 will harm oil and gas businesses, workers and communities.
Illustrating the Impact of the PPP on Small Business Employment
While there are several reasons why unemployment unexpectedly fell in May, one contributing factor appears to be the Paycheck Protection Program.
ABA Data Bank: 7 in 10 Small Businesses Nationally Have Received PPP Loans
“In less than two months, the PPP is supporting the employment of apprimately 50 million workers.”—Treasury Secretary Steven Mnuchin