Amid a record-setting wave of disaster losses in 2017 -- including from Hurricanes Harvey, Irma and Maria, plus wildfires in the West -- small businesses’ insurance gaps meant that credit availability was a key factor in their ability to recover, according to a report today from the Federal Reserve Banks of New York, Dallas, Richmond and San Francisco.

On the latest episode of the ABA Banking Journal Podcast, sponsored by Windstream Enterprise, Steve Goodenow discusses how they built this equipment finance business within a rural Iowa community bank. 

An overview of commonly used Small Business Administration loan programs.

The Federal Reserve is looking at revising both Community Reinvestment Act regulations and the way the agency examines for CRA compliance, Fed Vice Chairman for Supervision Randal Quarles said today.

A little after midnight this morning, the Senate voted to pass a $1.3 trillion spending bill that will fund the government through the end of the fiscal year on Sept. 30.

The Small Business Administration is set to issue an advance notice of proposed rulemaking to seek public input on establishing size standards for businesses eligible for its 7(a) and 504 loan programs.

The House Small Business Committee today by a voice vote today approved H.R. 4743, a bipartisan bill introduced by Reps. Steve Chabot (R-Ohio) and Nydia Velazquez (D-N.Y.) that would strengthen the Small Business Administration’s oversight of its loan programs and increase its maximum lending authority.