SBA Related Content

504 Loan Program Assists Nation’s Small Businesses with Record $1.28B Funding in September

The Small Business Administration (SBA) 504 Loan Program completed its largest monthly funding of loans in the program's 34-year history, including 1,462 loans for nearly $1.3 million — more than double the previous record set in September 2012. read more

SBA, Treasury Launch Loan Forgiveness App, AICPA Says it Leaves Many Questions

The Treasury Department and Small Business Administration released a loan forgiveness application form for the Paycheck Protection Program, but the AICPA said it fails to address outstanding issues and does not provide enough flexibility for those who receive funds. read more

AICPA, Small Business Advocates Call for Clearer PPP Loan Guidance

AICPA, NFIB, S-CORP and four other small business advocates issued a statement in response to the SBA’s lack guidance on the Paycheck Protection Program. read more

COVID Loan Tracker: PPP Needs Additional $400B in Funding to Meet Small Businesses Needs

According to COVID Loan Tracker's estimates, at least $400 billion, in addition to the funds already allocated, will be needed to satisfy the outstanding financial need of small businesses as they navigate the current crisis. read more

SBA Paycheck Protection Program Runs Out of Funding, Replenishment Stalled in Congress

The Wall Street Journal reported that lawmakers have disagreed about how to replenish the $350 billion small business loan program, which exhausted its funds after approving 1.6 million applications. read more

Wary of Future Repercussions, Banks Double Down on SBA Loan Due Diligence

The Wall Street Journal reported that banks are performing more due diligence than required for federal small business stimulus loans. read more

Q2 Partners Launches PPP Lending Solution

Q2 Holdings launched an end-to-end digital lending solution specifically designed to help financial institutions accelerate application acceptance and funding to small businesses under the Paycheck Protection Program. read more

FDATA Requests Digital Records be Allowed for Paycheck Protection Program

FDATA requested that borrowers and lenders be able to use digital financial records to qualify for the Paycheck Protection Program established by Congress as part of the COVID-19 stimulus package. read more

Cardinal Outlines CARES Act Relief to Small Businesses

Cardinal Business Financing outlined the relief provided to small businesses in the Coronavirus Aid, Relief, and Economic Security Act. read more

ELFA Advocates for Equipment Finance Companies with SBA

ELFA President and CEO Ralph Petta submitted a letter to the U.S. Small Business Administration requesting that equipment finance companies be eligible to participate in the new Paycheck Protection Program under the CARES Act. read more

First Internet Bank Adds Gala as Senior Business Development Officer

Greg Gala joined First Internet Bank’s Small Business Administration (SBA) Lending team as vice president, senior business development officer. read more

Axiom Bank Promotes G. Hunt Dawkins to VP, SBA Division Manager

Axiom Bank promoted G. Hunt Dawkins to the position of VP, SBA division manager. Dawkins will lead Axiom’s programs for extending government-guaranteed loans to small businesses. read more

Small Business Loan Approvals at Big Banks Hit New High

The approval percentage for small business loan applicants hit a record high of 27.3 percent at big banks in March, up one-tenth of a percent from February. read more

Government Shutdown Hurts SBA Lending at Banks in December

With the U.S. Small Business Administration closed for the past two weeks because of the partial government shutdown, SBA loan approvals dropped in December 2018 at banks and other institutions. read more

Axiom Bank Promotes Amatuccio to VP, SBA Manager

Axiom Bank promoted Scott Amatuccio to vice president, SBA Manger. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.