ABA Chair Stewart: Small Businesses ‘Starving’ for PPP Funding
In an interview with NPR’s Marketplace radio program, ABA Chair Laurie Stewart discussed her bank’s recent experience rolling out the ...
Tag: SBA Paycheck Protection Program
Fed Officials Provide Additional Clarity on Paycheck Protection Program Liquidity Facility
With the Federal Reserve’s Paycheck Protection Program Liquidity Facility now up and running, officials from the Fed today shared additional ...
Senators Urge SBA to Allow E-Tran Submissions for PPP Loans During Funding Lapse
As lawmakers continue working to finalize additional funding for the Small Business Administration’s Paycheck Protection Program, a group of eight ...
Nichols: Delaying More PPP Funds Risks ‘Irreparable’ Harm to Small Biz
In a letter to congressional leadership today, ABA President and CEO Rob Nichols called for Congress to move “expeditiously” to ...
SBA: PPP Loan Sales Retain Guaranty, Do Not Require SBA Approval
Sales of Paycheck Protection Program loans into the secondary market do not require Small Business Administration approval, the SBA and ...
Fed Makes Temporary Rule Change to Facilitate PPP Loans to Bank Directors, Shareholders
Following clarification from the Small Business Administration and Treasury Department that bank directors and shareholders may receive Paycheck Protection Program loans from their related ...
SBA Report: 1.66 Million PPP Loans Made As of April 16
As of April 16, when funding for the program was exhausted, the Small Business Administration had approved 1.66 million loans totaling $342.3 ...
Crapo Seeks Clarity from Fed, Treasury on Several Coronavirus Relief Initiatives
In a letter to the Federal Reserve Board and the Treasury Department today, Senate Banking Chairman Mike Crapo (R-Idaho) raised ...
PPP Funds Exhausted; SBA No Longer Accepting Loan Applications
The $349 billion authorized for Paycheck Protection Program loans has been exhausted, the Small Business Administration said today, and the ...
Fed’s Paycheck Protection Program Facility Is Up and Running
The Federal Reserve announced this morning that its Paycheck Protection Program Liquidity Facility is fully operational and available for institutions ...
