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Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on today's relaunch of the Paycheck Protection Program.
ICBA has urged Congress to allocate a minimum of 25 percent of new PPP funds for community bank lenders because they are the only small business lenders in many small and rural communities. We want to ensure that thousands of small businesses in these communities will be able to access funding and maintain their employees.
On behalf of community banks across the country, with more than 52,000 locations, I write to thank you for your letter regarding community banks’ role in the distribution of Economic Impact Payments (EIPs), as provided for in the CARES Act.
