The American Bankers Association and all 51 state bankers associations wrote to the Treasury Department and the Small Business Administration today urging formal guidance to address confusion regarding fees paid to agents who process PPP applications.
Browsing: Small business lending
Beyond the immediate changes required by social distancing, the COVID-19 pandemic has “accelerated things that were in progress for a long time,” says Frank Sorrentino, chairman and CEO of ConnectOne Bank.
The Small Business Administration today issued a procedural notice providing detailed instructions for Paycheck Protection Program lenders on the PPP forgiveness process.
ABA, the Bank Policy Institute and the Consumer Bankers Association today urged the Small Business Administration and the Treasury Department to create a one-page attestation form for Paycheck Protection Program borrowers with “de minimis” loan amounts to have their loans forgiven.
While the coronavirus pandemic has harmed small businesses across the board, minority small business owners report disproportionately large effects, according to the latest Wells Fargo/Gallup Small Business Index survey.
Small business owners’ optimism rebounded in late May and early June, according to the latest Wells Fargo/Gallup Small Business Index survey.
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy…
The Federal Reserve today unveiled an interactive state-by-state map listing lenders participating in the Main Street Lending Program that have chosen to be listed and are currently accepting applications from new customers.
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.