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.
Tag: Small business
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 ...
SBA Offers Clarity for PPP Borrowers Attempting to Rehire Employees, Nonprofit Hospitals
The Small Business Administration and Treasury Department last night confirmed that Paycheck Protection Program borrowers who attempt to rehire employees ...
SBA: $175 Billion in Loans Made in Second Round of PPP Funding
More than 2.2 million loans totaling more than $175 billion have been made since the second round of funding began ...
SBA: 475K PPP Loans Made as of Tuesday Afternoon
As of 1 p.m. today, the Small Business Administration said it had approved more than 475,000 loan applications submitted by ...
