Podcast: Supporting Small Business Cashflows in the COVID Recovery
Memorial Day signified the beginning of summer in many parts of the country, and the slow but steady reopening of ...
Tag: Small business lending
SBA Releases Long-Awaited Form 1502 for PPP Processing Fees
The Small Business Administration today issued guidance to Paycheck Protection Program lenders on filing Form 1502, which will trigger the ...
SBA Issues Foreign Language PPP Materials, Addresses Eligibility for Foreign Affiliates
To assist non-English speakers with completing their Paycheck Protection Program applications, the Small Business Administration today issued a number of ...
SBA Releases Borrower Application, Instructions for PPP Loan Forgiveness
The Small Business Administration and Treasury Department this evening released the application that borrowers must complete in order to have ...
SBA: Lender Review May Be Required for Certain PPP Loans
The Small Business Administration today notified Paycheck Protection Program lenders that certain loans in their PPP portfolios may require review.
SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M
Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding ...
McWilliams: Banks Should Rely on Borrower Certifications When Making PPP Loans
FDIC Chairman Jelena McWilliams today confirmed that banks should rely on borrowers’ statements certifying that their economic need is legitimate ...
SBA Codifies Extensions for PPP Safe Harbor, Form 1502 Filing
The Small Business Administration late Friday issued an interim final rule making technical changes related to the safe harbor for ...
ABA Urgently Calls for PPP Loan Forgiveness Guidance
ABA today urged the Treasury Department and Small Business Administration to issue, as soon as possible, “clear, bright-line guidance” on ...
CFPB Compliance Aid Clarifies ECOA Notification Obligations for PPP Loans
The Consumer Financial Protection Bureau today published a compliance aid to provide additional clarity regarding banks’ obligations under the Equal ...
