FHFA: FHLBs May Purchase PPP Loans as Collateral for Advances
With Congress poised to approve additional funding for the Small Business Administration’s Paycheck Protection Program as early as today, the ...
Tag: Small business lending
SBA Addresses PPP Applications from Companies with Access to Capital
In the wake of media reports of some firms qualifying for Paycheck Protection Program loans despite having access to capital markets or ...
ABA Urges House Leaders to Approve Additional Paycheck Protection Program Funding
The American Bankers Association today urged House leaders to swiftly approve a legislative package that would provide an additional $320 ...
Senate Clears $320B in Additional Funding for Paycheck Protection Program
After bipartisan negotiations, the Senate this afternoon unanimously passed legislation to provide more than $320 billion in new funding for ...
ABA Chair Stewart: Small Businesses ‘Starving’ for PPP Funding
In an interview with NPR’s Marketplace radio program, ABA Chair Laurie Stewart discussed her bank’s recent experience rolling out the ...
Fed Officials Provide Additional Clarity on Paycheck Protection Program Liquidity Facility
With the Federal Reserve’s Paycheck Protection Program Liquidity Facility now up and running, officials from the Fed today shared additional ...
Senators Urge SBA to Allow E-Tran Submissions for PPP Loans During Funding Lapse
As lawmakers continue working to finalize additional funding for the Small Business Administration’s Paycheck Protection Program, a group of eight ...
Nichols: Delaying More PPP Funds Risks ‘Irreparable’ Harm to Small Biz
In a letter to congressional leadership today, ABA President and CEO Rob Nichols called for Congress to move “expeditiously” to ...
SBA: PPP Loan Sales Retain Guaranty, Do Not Require SBA Approval
Sales of Paycheck Protection Program loans into the secondary market do not require Small Business Administration approval, the SBA and ...
Fed Makes Temporary Rule Change to Facilitate PPP Loans to Bank Directors, Shareholders
Following clarification from the Small Business Administration and Treasury Department that bank directors and shareholders may receive Paycheck Protection Program loans from their related ...
