ICBA has confirmed that any Paycheck Protection Program applications received by lenders prior to today can be processed based on guidance in effect prior to today, April 25, 2020.
When times get tough, the tough get going. As cliched as that may be, nothing could be truer as we look to community banks’ response to the Small Business Administration’s Paycheck Protection Program.
The Treasury Department and Small Business Administration just answered key ICBA questions about the Paycheck Protection Program relating to bank directors, partnerships, self-employed borrowers, and more.
The House just passed bipartisan legislation to restart the Paycheck Protection Program and dedicate funding exclusively to community banks, sending it to President Trump to be signed into law.
The Senate just passed bipartisan legislation that includes an additional $310 billion to restart the Paycheck Protection Program and an ICBA-advocated minimum of $60 billion set aside for community banks.
The day-to-day workings of a bank do not cease simply because so many new challenges — thanks to COVID-19 — are coming our way. In fact, with customers more concerned than ever about their financial situations, community banks can and have been a primary source of assurance and comfort.
With concerns over the cleanliness of paper-based payment options like cash and checks, and limited in-person branch offerings, digital payments are gaining new traction as a safer way to make and receive payments.
The Treasury Department and Small Business Administration just answered key ICBA questions about the Paycheck Protection Program relating to bank directors, partnerships, self-employed borrowers, and more.
We are in unprecedented times. “Shelter-in-place” acts help slow of the spread of coronavirus, but at the same time, they inject uncertainties into the economy and drive volatility in markets.
In the face of a global pandemic, it’s easy to be drawn into a doom-and-gloom mindset that focuses only on the negative. At ICBA, we know that out of the darkness light emerges, with community banks like you serving as bright spots.
The Treasury Department and Small Business Administration just answered key questions ICBA has been asking about the Paycheck Protection Program. Here's a summary of the updates.
The SBA launched a long-awaited portal while ICBA Chairman Noah Wilcox and ICBA Vice Chairman Brad Bolton participated in a virtual White House meeting with President Donald Trump, Treasury Secretary Steven Mnuchin, and SBA Administrator Jovita Carranza to discuss the status of the PPP.
We know today's flawed launch of the Small Business Administration's Paycheck Protection Program has been filled with high tensions and desperate attempts by community bankers to meet the needs of their small-business customers.
Unfortunately, the Payment Protection Program rollout did not work for many of the nation’s community bankers. In my opinion, one community bank left out is one too many.
There are many late-breaking developments from the Treasury Department and Small Business Administration on the Paycheck Protection Program, and we want you to be fully up to speed.
The technologies community banks have deployed over the past decade—from mobile apps to remote deposit capture to contactless cards—mean that today, we can continue to access our finances, anytime, anywhere—even within the confines of our home.
