Tag: small business loans

Activity, Capital and Risk, Corporate Banking, Credit

Unlocking the Potential of Small Business Lending

September 20, 2023

Via: Bank Director

Community banks have long played a pivotal role in supporting small businesses, providing the necessary capital for local entrepreneurs growing or expanding their ventures. It is estimated that community banks account for approximately 60% of small business loans, according to […]

Activity, Capital and Risk, Corporate Banking, Credit

How Bank of America’s small-business strategy laid groundwork for PPP efforts

December 8, 2020

Via: Banking Dive

As lawmakers debate a new stimulus package, including the possibility of a new tranche of Paycheck Protection Program (PPP) funding, banks that delivered large volumes of PPP loans this year may find themselves better prepared for a third rollout. For […]

Capital and Risk, Credit

Small business loans are not going proportionately to the hardest-hit areas, Fed study shows

May 6, 2020


States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus […]

Capital and Risk, Credit, Regulations

Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications

April 28, 2020

Via: Market Watch

The Trump administration will audit small-business loans above $2 million, U.S. Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash. “It’s the borrowers who have criminal liability” if they made […]

Capital and Risk, Credit

Startups are scrambling for access to $349 billion in relief loans

April 2, 2020

Via: Bank Innovation

Representatives for venture-backed startups are pushing for the companies to get access to $349 billion in small business loans authorized by Congress as part of its economic relief plan for Covid-19. So far it appears that many such businesses won’t […]