Browsing: Small business
ABA, Groups Support Automatic Forgiveness for PPP Loans under $150K
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy…
Fed Publishes Partial State-by-State List of MSLP Lenders
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.
SBA Releases Data on Paycheck Protection Program Borrowers, Loans
The Small Business Administration today released public data on Paycheck Protection Program participants, including borrowers and lenders, as of June 30.
House Votes to Extend Paycheck Protection Program
The House tonight approved by unanimous consent legislation extending authorization for the Small Business Administration’s Paycheck Protection Program through August 8, 2020.
Mnuchin Discusses Future of PPP At House Committee Hearing
With the Small Business Administration’s Paycheck Protection Program officially winding down tonight, Treasury Secretary Steven Mnuchin told the House Financial Services Committee today that the administration is working with lawmakers to repurpose the $135 billion of funding still left in the program.
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 Administration reported today.
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 calculations than previously required.
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 calling for a more streamlined Paycheck Protection Program forgiveness application process for small firms.
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 today in its semiannual monetary policy report.