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 ...
Tag: Small business lending
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 ...
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 ...
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 ...
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 ...
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 ...
Senators Call on SBA, Treasury to Streamline PPP Forgiveness Process
A bipartisan group of senators on Friday wrote to Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza ...
SBA Revises PPP Application Forms to Reflect Change in Applicant Eligibility
The Small Business Administration tonight released new borrower and lender guaranty application forms for the Paycheck Protection Program to reflect ...
Fed: Small Businesses Face Heightened Risk of Failure Due to Pandemic
The coronavirus pandemic poses “acute risks” to the survival of many of the nation’s small businesses, the Federal Reserve said ...
ABA Data Bank: 7 in 10 Small Businesses Nationally Have Received PPP Loans
"In less than two months, the PPP is supporting the employment of apprimately 50 million workers."—Treasury Secretary Steven Mnuchin
