Survey: Banks Delivered for Small Businesses with PPP
Eighty-two percent of small businesses said they maintained or gained trust with their bank in 2020 amid the COVID-19 pandemic, ...
Tag: Small business lending
CFPB Director Concerned About Reg Burden for Small Banks
CFPB Director Rohit Chopra today said he is concerned about the potential regulatory burden that rules like the bureau’s pending ...
Survey: Banks ‘Nailed Response’ to PPP, Driving Small Biz Satisfaction
Banks’ efforts to deliver Paycheck Protection Program loans to their small business customers and help them navigate the forgiveness process ...
With Section 1071 Proposal, CFPB Outlines Plan for Collecting Small Biz Loan Data
The CFPB today issued its long-awaited proposal for implementing Section 1071 of the Dodd-Frank Act, which concerns the collection of ...
SBA: PPP Direct Forgiveness Remains Optional but Encouraged
The Small Business Administration today clarified that its Paycheck Protection Program direct forgiveness portal remains optional for lenders and borrowers, ...
ABA Data Bank: Non-employer Firms Were Most Likely to Seek PPP Funding at Banks
Non-employer firms—those without full-time or part-time employees on payroll—that sought Paycheck Protection Program funding most frequently did so from large ...
Fed Survey: Traditional Financing Declined for Businesses as Pandemic Began
Between 2019 and 2020, traditional financing declined among both non-employer and employer firms as the COVID-19 pandemic began, according to ...
OCC Details SBA Lending Program Risks
The OCC today issued a bulletin for community banks engaged in Small Business Administration lending activities.
Business Recovery Drives Business Loan Demand, Eased Standards
As the small business recovery took off in the second quarter, a substantially larger share of banks reported easing standards ...
Podcast: The Shifting Needs of Small, Middle-Market Commercial Clients
As small and middle market businesses seek to capitalize on a post-COVID bounceback, new survey research from Umpqua Bank shows ...
