Podcast: How Small Businesses Survived COVID and Are Poised for Recovery
The post-COVID economy is snapping back in a big way. Are small businesses prepared to capitalize on the recovery?
Browsing: Small business lending
Advance to Go
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.
Large Bank CEOs Discuss Pandemic Response, Climate Policy During Congressional Hearing
The CEOs of the nation’s largest banks recapped their institutions’ efforts to support their customers and communities through the COVID-19 pandemic and its aftermath during a Senate Banking Committee oversight hearing.
Complying with PPP Loan Forgiveness Requirements
With PPP funds drawing down, the focus of bankers and the SBA will turn fully to forgiveness. What do compliance professionals need to know?
Building Capacity of Lenders to the Underserved
With applications due in July, here’s what CDFIs and minority banks need to know about the Treasury Department’s new emergency capital investment program.
SBA Updates Guidance on PPP Whole Loan Sales
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.
Small Businesses Anticipate Revenue Growth in 2021, TD Bank Survey Finds
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.
Banks See Rising Demand for Jumbo Mortgages as Broader Credit Market Stabilizes
Rising home prices in many U.S. markets appear to have pushed up demand for—and banks’ offering of—jumbo mortgage loans, according to the Federal Reserve’s senior loan officer survey released today.
Podcast: Here Comes the Post-COVID Business Recovery
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.
ABA Past Chair: ‘We’ve Seen Great Results’ from PPP Loans
American Bankers Association Past Chair Laurie Stewart today said that her bank—Sound Community Bank in Seattle, of which she is CEO—has seen “great results” from Paycheck Protection Program loans made to small business customers over the last year.