ABA, Banking Trades Urge Congress to Increase PPP Funding
With funds from the Paycheck Protection Program expected to be fully allocated as soon as this week, ABA joined the ...
Tag: Small business
SBA Report: $248B of PPP Funds Allocated as of April 13
As of April 13, the Small Business Administration has approved nearly 1.04 million loans totaling $248 billion through its Paycheck ...
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 ...
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 ...
