PPP Loan Investigations: What’s On The Horizon for Banks?
The more that banks can be proactive in preparing for inquiries, the better they will be able to defend themselves.
Browsing: SBA Paycheck Protection Program
Podcast: Digital Innovation Lessons from an O.G. ‘Mobile Bank’
From its origins as one of the original “mobile banks” in the 1990s—designed to serve truckers across the country through a network of truck stops—TAB Bank has evolved into an innovative digital bank serving businesses across sectors and around the country.
Four Ways Banks Can Help Main Street USA Thrive Again
With the right blend of people, empowerment, customized solutions and technology, banks are well-positioned to be heroes by growing with small businesses and supporting their efforts.
SBA Offers Guidance on Purchase, Charge-Off for Certain PPP Loans
The Small Business Administration has issued a procedural notice on how lenders can apply for SBA to purchase and charge off Paycheck Protection Program loans for which the borrower has not applied for forgiveness or made payment on the loan.
Nichols: Banking’s Role as Economic First Responder
In a wide-ranging interview with Upstart’s Leaders and Lenders podcast this week, American Bankers Association President and CEO Rob Nichols shared ABA’s perspective on potential policy and regulatory changes, the economic landscape, financial technology and trends in banking and lending.
Fed Extends Paycheck Protection Program Liquidity Facility for Final Time
The Federal Reserve will extend for a final time its Paycheck Protection Program Liquidity Facility until July 30, the agency announced today.
Podcast: Helping Entrepreneurs Get Back in the Game
Banking leaders from around the country weigh in on ways that banks can partner with small businesses and aspiring entrepreneurs,
Bowman: Community Banks ‘Irreplaceable’ in Meeting Small Business PPP Needs
Community banks are irreplaceable in responding to the needs of small business clients and in helping them access the multiple rounds of the Paycheck Protection Program funding during the pandemic, Fed Governor Michelle Bowman said today.
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.
ABA Data Bank: More than 90% of Round Three PPP Loans Have Gone to Firms with 10 Employees or Fewer
Nearly 5.2 million out of the 5.7 million round 3 PPP loans have gone to small businesses with 10 employees or fewer, accounting for 40% of round three funds.