House Votes to Extend Paycheck Protection Program
The House tonight approved by unanimous consent legislation extending authorization for the Small Business Administration’s Paycheck Protection Program through August 8, 2020.
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Mnuchin Discusses Future of PPP At House Committee Hearing
With the Small Business Administration’s Paycheck Protection Program officially winding down tonight, Treasury Secretary Steven Mnuchin told the House Financial Services Committee today that the administration is working with lawmakers to repurpose the $135 billion of funding still left in the program.
CEO Q&A: Providing Small Business Lifelines
A conversation with Brent Beardall on WaFd Bank’s response to COVID-19.
We Were Economic First Responders: The Podcast
From the ABA Banking Journal Podcast team comes the behind-the-scenes story of the Paycheck Protection Program, the largest economic rescue program in American history.
SBA Implements PPP Loan Forgiveness Changes in Rule
The Small Business Administration tonight issued a new interim final rule implementing in regulation changes made to the Paycheck Protection Program loan forgiveness process by the PPP Flexibility Act and other recent developments, including the SBA’s simplified Form 3508EZ forgiveness application.
SBA: 4.7M PPP Loans Made as of June 20
Lenders nationwide had made approximately 4.7 million Paycheck Protection Program loans totaling $515 billion as of Saturday, the Small Business Administration reported today.
Illustrating the Impact of the PPP on Small Business Employment
While there are several reasons why unemployment unexpectedly fell in May, one contributing factor appears to be the Paycheck Protection Program.
SBA Provides Guidance on Using PPP Loan Proceeds to Refi EIDLs
The Small Business Administration issued a procedural notice on Friday night providing guidance on using Paycheck Protection Program loan proceeds to refinance an SBA Economic Injury Disaster Loan, as well as providing instructions for PPP lenders on the procedure for remitting to SBA any PPP loan funds designated for an EIDL refinance.
SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers
The Small Business Administration today released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer calculations than previously required.
Powell: Main Street Lending Facility to Open ‘Within a Week or So’
After officially opening the Main Street Lending Program for lender registration yesterday, Federal Reserve Chairman Jerome Powell said its corresponding Main Street Lending Facility will begin receiving MSLP loans “within a week or so.”