SBA Updates Guidance on PPP Whole Loan Sales
The Small Business Administration today extended its guidance on how lenders may sell whole Paycheck Protection Program loans. The SBA’s ...
Tag: Small business
Small Businesses Anticipate Revenue Growth in 2021, TD Bank Survey Finds
Just over four in 10 small business owners say they expect to grow revenue in 2021, while just 9% expect ...
ABA Past Chair: ‘We’ve Seen Great Results’ from PPP Loans
American Bankers Association Past Chair Laurie Stewart today said that her bank—Sound Community Bank in Seattle, of which she is ...
SBA Issues Notice Extending PPP; Clarifies Eligibility for Borrowers in Bankruptcy
The Small Business Administration last night issued a procedural notice to lenders regarding the extension of the Paycheck Protection Program.
President Biden Signs PPP Extension Bill; Extends Program Through May 31
President Biden today signed into law H.R. 1799, a bill extending the Small Business Administration’s Paycheck Protection Program.
Fed Survey Highlights Pandemic Challenges for Older Entrepreneurs
Small businesses owned by older entrepreneurs—those over the age of 45—have been particularly affected by the COVID-19 pandemic, compared to ...
SBA Outlines Process for PPP Lenders to Clear Hold Codes, Error Messages
With many banks continuing to receive hold codes and compliance check error messages when submitting first- and second-draw Paycheck Protection ...
Yellen Supports PPP Extension; Economic Recovery Progressing ‘Quickly,’ Powell Says
Testifying before the Senate Banking Committee today Treasury Secretary Janet Yellen told the committee that she supports an extension of ...
Yellen Touts PPP Changes to Target Small Businesses
Testifying before the House Financial Services Committee today, Treasury Secretary Janet Yellen highlighted recent changes to the Small Business Administration's ...
SBA Updates PPP Borrower Forms to Reflect Recent Changes
The Small Business Administration has issued several updated forms for Paycheck Protection Program borrowers and lenders, reflecting changes announced in ...
