SEC Data Highlights Important Role of Banks in Small Business Capital Formation
Eighty-three percent of small businesses say they sought financial services from either large or small banks, according to new research ...
Tag: SBA Paycheck Protection Program
Cleveland Fed: PPP Loans Helped Mitigate Effects of Recession
Paycheck Protection Program lending helped to soften the effects of the pandemic-related recession on state-level employment growth, and had “significant” ...
ABA Survey: Ag Borrower Profitability Increased in 2021
A majority of ag lenders—69.7%—reported that overall farm profitability increased in the prior year, due in large part to government ...
Survey: Banks Delivered for Small Businesses with PPP
Eighty-two percent of small businesses said they maintained or gained trust with their bank in 2020 amid the COVID-19 pandemic, ...
Survey: Banks ‘Nailed Response’ to PPP, Driving Small Biz Satisfaction
Banks’ efforts to deliver Paycheck Protection Program loans to their small business customers and help them navigate the forgiveness process ...
SBA Issues Final Rule on PPP Loan Review Decision Appeals Process
The Small Business Administration has issued a final rule outlining procedures for appealing final SBA Paycheck Protection Program loan review ...
Community Banks’ Early Technology Investment Pays Off During Pandemic
Community banks that invested more in technology before COVID-19 made more loans and took in more deposits during the pandemic ...
SBA: PPP Direct Forgiveness Remains Optional but Encouraged
The Small Business Administration today clarified that its Paycheck Protection Program direct forgiveness portal remains optional for lenders and borrowers, ...
ABA Data Bank: Non-employer Firms Were Most Likely to Seek PPP Funding at Banks
Non-employer firms—those without full-time or part-time employees on payroll—that sought Paycheck Protection Program funding most frequently did so from large ...
SBA Issues Guidance on Direct PPP Loan Forgiveness
The Small Business Administration today released guidance on how it will accept Paycheck Protection Program loan forgiveness applications directly from ...
