SBA

GOP senators seek hefty boost to small-business relief plan

03/19/20

The proposal from Sens. Marco Rubio and Susan Collins would provide the Small Business Administration with $300 billion to help companies hurt by the coronavirus outbreak meet immediate financial obligations, including payroll.

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Bankers seek defined role in disbursing emergency SBA loans

03/16/20

Lenders are rallying around a bill from Sen. Rubio that would give them access to another $50 billion under the 7(a) program. It could face obstacles in the House, where a bill favors direct lending by the Small Business Administration.

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Coronavirus, U.S. Bank's opportunism, CFPB sues Fifth Third: Top stories of the week

03/13/20

From scams to watch out for to the role banks play in an SBA virus loan program, news about the pandemic's impact was everywhere. Also: As State Farm bows out, U.S. Bank seizes an expansion opportunity; CFPB sues Fifth Third for allegedly opening phony accounts; and more from this week's most-read stories.

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Do banks have a role to play in SBA's coronavirus loan program?

03/12/20

The agency will be tasked with providing $50 billion in loans to small businesses harmed by the pandemic. It is unclear whether the SBA will need bankers' help.

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Wells in N.Y. state of mind, coronavirus, election 2020: Top stories of the week

02/28/20

How New York became Wells Fargo's new center of power; banks walk fine line in preparing for a coronavirus outbreak in U.S.; bankers on Bernie's electoral chances and whether a Sanders presidency would pose a threat; and more from this week's most-read stories.

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House panel criticizes SBA over proposed affiliation rule

02/26/20

Members of the House Financial Services Committee expressed concerns to SBA Administrator Jovita Carranza that the rule could harm poultry farmers.

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Over bankers' protests, SBA pushes ahead with lending rule rewrite

02/20/20

Lawmakers have also criticized the agency's decision to create qualifying standards for farmers and other small businesses.

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How delivery apps are upending restaurant lending

02/04/20

Reduced dine-in traffic is eating away at bottom lines, forcing eateries to rethink how they borrow money.

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Jovita Carranza confirmed as SBA administrator after nine-month delay

01/07/20

The agency's new leader began her career as a part-time night-shift package handler for UPS in Chicago.

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Wells Fargo counting on new platform to revive its SBA lending

12/11/19

The bank, whose 7(a) originations have plummeted in recent years, is developing a portal that will let applicants upload documents, complete forms and track application progress.

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