Lawmakers Call for Flexibility on PPP’s 10-Day Disbursement Rule
A bipartisan group of lawmakers wrote to Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza on Friday urging them ...
Tag: Small business
Nichols to Small Businesses: Reach Out to Your Lender for Coronavirus Assistance
Despite a choppy start to the Small Business Administration’s Paycheck Protection Program over the past week, ABA President and CEO ...
Nichols Discusses Industry Progress on PPP Loans in Bloomberg Radio Interview
The nation’s banks are playing a vital role in delivering coronavirus relief funds to struggling businesses, American Bankers Association President ...
Fed Survey: Most Small Businesses Lack Cash Reserves to Cover Long-Term Revenue Loss
Seventeen percent of small businesses said that they would have to close down or sell if they experienced two-month loss ...
Nichols: Administration, Industry Working Round-the-Clock on PPP Improvements
Acknowledging a somewhat choppy start to the Small Business Administration's Paycheck Protection Program on Friday, American Bankers Association President and ...
Trump Signs Coronavirus Aid Package Into Law
On Friday, the House passed—and President Trump signed into law—the CARES Act, a $2 trillion stimulus package to provide relief ...
ABA Urges SBA to Provide Guidance to Banks on Coronavirus Relief
As the Senate moved closer to passage of a coronavirus relief package today, ABA joined a coalition of financial services ...
ABA Supports Relief Bill for Small Businesses Affected by Coronavirus
The American Bankers Association today supported legislation to ensure that small business can continue to access much-needed capital as they ...
SBA Seeks Additional Comments on Changes to Express Loans, Affiliation Standards Rule
The Small Business Administration this week issued an interim final rule amending various regulations governing its business loan programs, including ...
Atlanta Fed Study Finds Minority-Owned Firms More Likely to Face Financial Challenges
Minority-owned businesses were more likely to report financial challenges compared to white-owned businesses, according to a study released today by ...
