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.
Browsing: SBA Paycheck Protection Program
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.
Banks that speak about their performance showing up for the country in a moment of need are connecting to new customers and building brand.
With PPP funds drawing down, the focus of bankers and the SBA will turn fully to forgiveness. What do compliance professionals need to know?
The Small Business Administration today informed trade associations that Paycheck Protection Program funding has been exhausted and that the PPP application portal will on Tuesday stop accepting applications for loans from most lenders.
The Small Business Administration today extended its guidance on how lenders may sell whole Paycheck Protection Program loans. The SBA’s previous guidance on whole loan sales of PPP loans expired on May 1, and the new guidance been back-dated to take effect on April 30, 2021.
Just over four in 10 small business owners say they expect to grow revenue in 2021, while just 9% expect revenues to decline, according to a new survey released today by TD Bank.
In an address during ABA’s Emerging Leaders Forum today, Rep. Young Kim (R-Calif.), one of the first Korean American women to serve in Congress, thanked the banking industry for its work getting funds to small businesses through the Paycheck Protection Program and urged attendees to engage with lawmakers and share how important banking is to communities.
On the latest episode of the ABA Banking Journal Podcast, the head of commercial banking at regional bank Citizens discusses how the support provided to businesses combined with pent-up consumer demand has business poised to roar back.
The Small Business Administration last night issued a procedural notice addressing Paycheck Protection Program-related deadlines in the wake of the PPP Extension Act.