Advance to Go
Bankers helped small businesses bridge through to the economic recovery. Now they’re looking at how to help those that may have been left behind—and support a new wave of small business formation.
Browsing: Commercial clients
SBA Issues Updates on PPP Processing Fees, EIDL Advance Reconciliation Payments
The Small Business Administration tonight issued an updated procedural notice regarding the reporting process through while lenders report on Paycheck Protection Program loans and collect processing fees.
SBA Updates PPP FAQs, Provides Guidance on Shuttered Venue Grants
The Small Business Administration on Saturday updated its set of frequently asked questions on the Paycheck Protection Program.
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Fed Updates Main Street Lending Program FAQs
The Federal Reserve today clarified its expectations for lenders when underwriting Main Street Lending Program loans.
Powell: Main Street Lending Facility to Open ‘Within a Week or So’
After officially opening the Main Street Lending Program for lender registration yesterday, Federal Reserve Chairman Jerome Powell said its corresponding Main Street Lending Facility will begin receiving MSLP loans “within a week or so.”
Senators Call on SBA, Treasury to Streamline PPP Forgiveness Process
A bipartisan group of senators on Friday wrote to Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza calling for a more streamlined Paycheck Protection Program forgiveness application process for small firms.
Fed Expands Main Street Lending Program After ABA Advocacy
The Federal Reserve today announced several adjustments to the Main Street Lending Program intended to facilitate participation by more small and midsize businesses.
Nichols to Small Businesses: Reach Out to Your Lender for Coronavirus Assistance
Despite a choppy start to the Small Business Administration’s Paycheck Protection Program over the past week, ABA President and CEO Rob Nichols said he expects to see funds begin to be distributed “at scale” in the coming days.