Fed: Small Businesses Face Heightened Risk of Failure Due to Pandemic
The coronavirus pandemic poses “acute risks” to the survival of many of the nation’s small businesses, the Federal Reserve said ...
Tag: SBA 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
SBA, Treasury Issue Guidance on PPP Flexibility, New Application Form for Borrowers
As expected, the Small Business Administration and Treasury Department late last night released an interim final rule to reflect changes ...
Mnuchin, Carranza Offer Clarifications on PPP Forgiveness Process
During a Senate Small Business Committee hearing today, Treasury Secretary Steven Mnuchin confirmed that, pursuant to the Paycheck Protection Program ...
Podcast: All Hands on Deck to Deliver PPP Funds
In a matter of days, bankers rallied to deliver hundreds of billions of dollars in loans to support Americans' jobs ...
‘We Were Economic First Responders’
The Paycheck Protection Program was the largest economic rescue program in American history. Go behind the scenes with the bankers ...
SBA Clarifies PPP Loan Maturity Dates, Provides Additional Tips on Lender Processing Fees
The Small Business Administration tonight issued an update to lenders clarifying that the maturity of all Paycheck Protection Program loans ...
SBA Releases New PPP Data, Includes List of Top PPP Lenders
As of June 6, more than 4.5 million Paycheck Protection Program loans had been made, totaling $511 billion over two ...
SBA, Treasury Preview Upcoming PPP Changes
The Small Business Administration and the Treasury Department signaled today that they will promptly issue rules and guidance implementing the new Paycheck ...
Three Risk Management Steps to Take Now to Prepare for Post-PPP Scrutiny
Proactive risk management can protect banks participating in the SBA lending program.
