The Small Business Administration will tomorrow launch an initiative to accept Paycheck Protection Program loan forgiveness applications directly—bypassing the lending institutions—for loans of $150,000 or less, officials said today on a webinar reported by Politico.
The more that banks can be proactive in preparing for inquiries, the better they will be able to defend themselves.
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.
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.
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.
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.
The Federal Reserve will extend for a final time its Paycheck Protection Program Liquidity Facility until July 30, the agency announced today.
Banking leaders from around the country weigh in on ways that banks can partner with small businesses and aspiring entrepreneurs,
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.
Lessons learned from the biggest small business rescue in U.S. history.